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Houston Short Term Rental $400k

2117 Engelmohr St, Houston
ROI
28.64% IRR
Strategy
Short Term Rental
Less than a 2 minute walk to NRG Stadium. Less than 2 miles to the Houston Medical Center. Built in 2021 with luxury finishes. No HOA restrictions. 3+ beds and 1700+ sqft. The location is as good as it gets for short term rental demand. This is the last of the 3 units to be available for sale on Engelmohr. The others sold for $405k and $415k. Check out the nearby comps! Very high occupancy rates and ADR between $260-$285. Taxes $7607.

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Houston Short Term Rental $400k

Listed 01/29/2025

2117 Engelmohr St, Houston

Purchase Price:$400,000

Cash Outlay:$108,000

Cashflow:$1,037/mo

Cap Rate:9.50%

IRR:28.64%

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