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Houston SFR + Converted Garage $400k

1301 Pearson St, Houston
ROI
12.77% IRR
Strategy
Long Term Rental
Located in East End and very well maintained. Main house is leased through July 2026 for $2025 and the garage apartment is leased for $1050 through March 2025. Lease comps put the main house at $2200 and the apartment at $1300. This is a no-vacancy, turnkey deal close to the 1% rule in an appreciating market that can be purchased by an investor, or househacker. Taxes $8677.

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Houston SFR + Converted Garage $400k

Listed 02/14/2025

1301 Pearson St, Houston

Purchase Price:$400,000

Cash Outlay:$108,000

Cashflow:$125/mo

Cap Rate:6.36%

IRR:12.77%

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