Houston Licensed Group Home $3K/mo | $327K

3318 S Greenpark Dr, Houston

ROI

17.63% IRR

Strategy

Long Term Rental

$3,000 per month is already in place from a master tenant running a licensed group home for kids. The property is set up for 12 beds, has an indoor sprinkler system, and is up to code with the Fire Marshal, which matters because most homes are not even close to this setup. The buyer pool is smaller here, which is exactly why I think there may be room to negotiate harder than normal. Ideal for a cash-flow buyer who understands tenant-operated housing, and I’d start around $300K while asking for all lease and licensing up front.

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Houston Licensed Group Home $3K/mo | $327K

Listed 06/30/2026

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3318 S Greenpark Dr, Houston

Purchase Price:$315,000

Cash Outlay:$85,050

Cashflow:$368/mo

Cap Rate:7.24%

IRR:17.63%

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