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Houston Duplex Hitting The 1% Rule $295k

22121 Diane Dr, Spring

ROI

21.73% IRR

Strategy

Long Term Rental

THIS WILL SELL FAST! Located in Spring with a major price drop from $335k to $295k yesterday. One side leased for $1400, the other side is vacant and ready for a tenant. Each unit is 3 beds 2 bath 1500sqft. Lease comps support $1500 per month per door. Taxes $3460.

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Houston Duplex Hitting The 1% Rule $295k

Listed 01/07/2025

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22121 Diane Dr, Spring

Purchase Price:$295,000

Cash Outlay:$79,650

Cashflow:$570/mo

Cap Rate:8.15%

IRR:21.73%

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