Houston (Hobby Airport) 3 Houses on 1 Lot $5,025/Mo Rent $500k

7338 Fauna St, Houston

ROI

17.69% IRR

Strategy

Long Term Rental

$5,025/month in current rent across three detached homes on one unrestricted 40,000 sqft lot. The main house rents for $2,775, the second home rents for $1,100, and the third home rents for $1,150, giving you immediate cash flow with all units occupied. The real upside is the land, no restrictions, and the ability to explore more units, Airbnb, RV hookups, or a high-income house hack.

Enter your email to download the proforma

< Back to Daily Deals

Houston (Hobby Airport) 3 Houses on 1 Lot $5,025/Mo Rent $500k

Listed 06/15/2026

Download the report Talk to an agent

7338 Fauna St, Houston

Purchase Price:$500,000

Cash Outlay:$135,000

Cashflow:$589/mo

Cap Rate:7.25%

IRR:17.69%

Talk to an agent about this property

Get a response in less than 24 hours.

Message

See other properties

Long Term Rental

Dallas 1% Rule SFR Motivated Seller | $235K

3807 Alsbury St, Dallas

Purchase Price:$235,000

Cash Outlay:$63,450

Cashflow:$591/mo

Cap Rate:8.86%

IRR:25.47%

Long Term Rental

Fort Worth Rental Leased at $2,850/mo | $289,500

208 Dakota Ridge Dr, Fort Worth

Purchase Price:$289,500

Cash Outlay:$78,165

Cashflow:$707/mo

Cap Rate:8.87%

IRR:15.66%

Long Term Rental

Killeen Fourplex Hitting 1% Rule | $340K

1501 Benttree Dr, Killeen

Purchase Price:$340,000

Cash Outlay:$91,800

Long Term Rental

2022 Converse Duplex $3,400/mo Rental Income | $375K

8635 Key Windy Way, Converse

Purchase Price:$375,000

Cash Outlay:$101,250

Cashflow:$160/mo

Cap Rate:6.35%

IRR:11.75%

Long Term Rental

Garland PadSplit Producing $4,500-$5,000/mo | $389K

101 S Bernice Dr, Garland

Purchase Price:$389,000

Cash Outlay:$105,030

Long Term Rental

Houston Fourplex $65K Below Appraisal | $429,900

5209 Plum Dr, Houston

Purchase Price:$430,000

Cash Outlay:$116,100

Cashflow:$1,130/mo

Cap Rate:8.99%

IRR:16.85%