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Houston Single Family Rental $250k

12807 Magenta Oaks Dr, Houston

ROI

10.73% IRR

Strategy

Long Term Rental

Built in equity play. Schools rated 6s and 8s. The price has dropped from $340k to $250k. NOTICE this property is in Houston but not listed to the Houston area MLS, it’s posted to the Dallas MLS so most homebuyers in Houston have not seen the property contributing to the price drop! Lease comps support $2200-$2300 per month. $49 per month HOA. Taxes $6548 (based on $306k assessed value).

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Houston Single Family Rental $250k

Listed 09/25/2024

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12807 Magenta Oaks Dr, Houston

Purchase Price:$250,000

Cash Outlay:$67,500

Cashflow:$27/mo

Cap Rate:5.25%

IRR:10.73%

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