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Houston Short Term Rental $350k

850 Elkhart St, Houston
ROI
26.32% IRR
Strategy
Short Term Rental
Turnkey short-term rental with proven income history. 2022 build for minimal maintenance. The property averaged $4500 per month through 2024 while the current owner lived in the home and leased it out during events (Taylor swift, Drake, Houston Rodeo, etc). Full-time STR income is projected at $5000 - $6000 per month. The HOA does not restrict short term rentals. Long term lease comps are solid as well with the neighboring homes leasing for $2600-$2700 per month for multiple exit strategies. HOA $117. Taxes $6824.

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Houston Short Term Rental $350k

Listed 03/20/2025

850 Elkhart St, Houston

Purchase Price:$350,000

Cash Outlay:$94,500

Cashflow:$932/mo

Cap Rate:9.03%

IRR:12.29%

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