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Houston Single Family Rental $225k

13 Signal Hill Dr, Manvel
ROI
14.37% IRR
Strategy
Long Term Rental
This is a walk-in equity deal. Lease comps support $2150. Corporate seller purchased the property for 272k in 2022. 5 rated schools. This is a great one to buy, freshen up the cosmetics, place a tenant, then resell in 6 months as a turnkey long-term rental for $300k. Taxes $9533 based on 2024 assessed value of $300k. HOA $41.

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Houston Single Family Rental $225k

Listed 10/17/2024

13 Signal Hill Dr, Manvel

Purchase Price:$225,000

Cash Outlay:$60,750

Cashflow:$255/mo

Cap Rate:4.33%

IRR:14.37%

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