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Houston Section 8 Cash Cow Duplex $340k

4340 Phlox St, Houston
ROI
26.85% IRR
Strategy
Long Term Rental
This property was set up to cater to section 8 tenants the approved payment for a 4 bedroom unit in this zip code is $2303 per door. This is a very strong cashflow opportunity for an investor looking for a turnkey asset that will appreciate while throwing off cashflow month after month. Current tenants pay $1500 per door. Recent updates include new roof 2023, AC 2020, water heaters 2023, paint and flooring 2023. Taxes $6325. Neighborhood Rating: C

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Houston Section 8 Cash Cow Duplex $340k

Updated Today

4340 Phlox St, Houston

Purchase Price:$340,000

Cash Outlay:$91,800

Cashflow:$937/mo

Cap Rate:9.14%

IRR:26.85%

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