Houston Single Family Rental $269k

22650 Rosebush Hill Rd, Tomball

ROI

12.30% IRR

Strategy

Short Term Rental

Schools are rated in the 6s. 1700sqft 3 bedroom home built in 2022 for minimal Capex. Lease comps are very strong at $2300 per month and low vacancy rates. The tax assessed value is $293k and there was a recent $20k price drop and days on market is climbing so you should be able to land around $260k and walk into $35k in equity upon closing. Taxes on the 293k value were $9222. $48 HOA.

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Houston Single Family Rental $269k

Listed 09/30/2024

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22650 Rosebush Hill Rd, Tomball

Purchase Price:$260,000

Cash Outlay:$70,200

Cashflow:$154/mo

Cap Rate:4.67%

IRR:12.30%

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