FREE book: The Book on Texas Real Estate Investing — download now

Houston Single Family Rental $315k

10502 Spencer Lndg N, La Porte
ROI
12.31% IRR
Strategy
Long Term Rental
Located in La Porte, this community has seen a recent surge in investor interest. Schools are highly rated (8/6/5). I believe La Porte is one of the most under-valued communities in the Houston metro with a lot of room to appreciate in value. Lease comps support $2900. HOA $33. Taxes $7743.

Enter your email to download the proforma

< Back to Daily Deals

Houston Single Family Rental $315k

Listed 12/27/2024

10502 Spencer Lndg N, La Porte

Purchase Price:$315,000

Cash Outlay:$85,050

Cashflow:$83/mo

Cap Rate:6.15%

IRR:12.31%

Talk to an agent about this property

Get a response in less than 24 hours.
Message

See other properties

Long Term Rental

Killeen Quadplex With Good Cash Flow | $340k

4204 Lake Rd, Killeen

Purchase Price:$340,000

Cash Outlay:$91,800

Cashflow:$543/mo

Cap Rate:7.75%

IRR:20.12%

Long Term Rental

North Richland Hills Duplex With Premier Schools | $340k

7316 Davis Blvd, North Richland Hills

Purchase Price:$340,000

Cash Outlay:$91,800

Cashflow:$184/mo

Cap Rate:6.49%

IRR:13.99%

Mid Term Rental

Houston New Construction Fourplex Near Major Employers | $670k

4562 Teton St Unit A-D, Houston

Purchase Price:$670,000

Cash Outlay:$180,900

Cashflow:$656/mo

Cap Rate:7.01%

IRR:16.53%

Long Term Rental

DFW Modern 4-Bed Retreat with Community Amenities | 285K

2928 Shoemaker Dr, Royse City

Purchase Price:$285000

Cash Outlay:$76,950

Cashflow:$391/mo

Cap Rate:7.04%

IRR:18.37%

Long Term Rental

San Antonio Two Homes on One Lot Near Lackland | $245k

1412 Whitman Ave, San Antonio

Purchase Price:$245,000

Cash Outlay:$66,150

Cashflow:$536/mo

Cap Rate:8.46%

IRR:23.55%

Long Term Rental

San Marcos Fully Occupied Quadplex | $500k

801 Bracewood Cir, San Marcos

Purchase Price:$500,000

Cash Outlay:$135,000

Cashflow:$548/mo

Cap Rate:7.15%

IRR:17.21%