Houston Mid Term Rental $550k

2903 Wichita St, Houston

ROI

14.31% IRR

Strategy

Mid Term Rental

This duplex is currently operated as a househack, the owner lives in the lower unit and leases the upper unit on a mid-term basis. There is a tenant in the upper unit through September 2025 paying $2150 per month. The location is excellent for a STR or MTR strategy. Minutes from University of Houston, Museum District, Medical Center, and Downtown. The numbers below reflect running both units as mid term rentals. Taxes $10860.

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Houston Mid Term Rental $550k

Listed 03/24/2025

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2903 Wichita St, Houston

Purchase Price:$550,000

Cash Outlay:$148,500

Cashflow:$328/mo

Cap Rate:6.55%

IRR:14.31%

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