Houston Single Family Rental B.E.A.F. Deal $310k

5181 Kendall Cove Ct, Alvin

ROI

11.63% IRR

Strategy

B.E.A.F

MUST SEE 2015 build 5 bed 3 bath 2700 sqft single family rental in Kendall Lakes. The last 5 bed home to lease in this subdivision went for $3400. 4 beds with smaller sqft are going for $2700. I put estimated rental value right at $3000 and expect it to fill quickly. Schools rated 6s and 5s. 2024 assessed value was $364k. This is a perfect deal for a B.E.A.F. investor. Taxes $11443.

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Houston Single Family Rental B.E.A.F. Deal $310k

Listed 10/22/2024

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5181 Kendall Cove Ct, Alvin

Purchase Price:$310,000

Cash Outlay:$83,700

Cashflow:$90/mo

Cap Rate:5.34%

IRR:11.63%

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