Houston Off Market Single Family Rental $240k

4614 Phlox St, Houston

ROI

16.15% IRR

Strategy

Long Term Rental

Two story brick home built in 2005 with four bedrooms and two and a half baths. Tenant is in place through June 2026 paying $2200 per month providing immediate income with no vacancy risk. New roof installed in 2023. A long term property manager is available to continue management, making this a straightforward buy and hold rental with minimal operational involvement.

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Houston Off Market Single Family Rental $240k

Listed 12/29/2025

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4614 Phlox St, Houston

Purchase Price:$240,000

Cash Outlay:$64,800

Cashflow:$216/mo

Cap Rate:7.07%

IRR:16.15%

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