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Houston Section 8 Single Family Rental $285k

22218 Orchard Dale Dr, Spring
ROI
14.72% IRR
Strategy
Long Term Rental
B+ location with 5 rated elementary school and 7 rated high school. Built in 2007 for minimal maintenance and a well-maintained HOA. The home is ready for tenants. Highest/ best use is as a section 8 rental. Zip code 77389 is a tier A-1 full coverage area approved up to $2764. Several homes in this neighborhood have leased for $3000. HOA $33. Taxes $8051 based on $330k value. Expect a drop to $7150 after the sale.

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Houston Section 8 Single Family Rental $285k

Listed 10/10/2024

22218 Orchard Dale Dr, Spring

Purchase Price:$285,000

Cash Outlay:$76,950

Cashflow:$211/mo

Cap Rate:6.43%

IRR:14.72%

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