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Houston Househacker Special $470k

3711 Castle Rock Dr, Richmond
ROI
15.30% IRR
Strategy
Short Term Rental
Located in Rosenberg new construction single family home plus guest suite with a private entrance. It’s very rare to find new builds with a guest suite as part of the original floor plan. Househackers take special note! This is a great location with opportunity to live for free while building equity. I would live in the 1 bedroom unit while leasing out the 5 bed main house. Lease comps for main house are $2700 - $3000. 1 bed unit comps are $1400-$1600. Taxes $13173.

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Houston Househacker Special $470k

Listed 08/01/2024

3711 Castle Rock Dr, Richmond

Purchase Price:$470,000

Cash Outlay:$126,900

Cashflow:$118/mo

Cap Rate:9.18%

IRR:15.30%

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