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

Houston Single Family Rental *excellent deal* $305k

25134 Aughton Dr, Spring
ROI
11.87% IRR
Strategy
Long Term Rental
This property already appraised for $350k in September 2024. The previous buyer’s financing failed and now it’s back on market. Seller will take $305k giving you a 12%+ walk-in equity position. Schools are rated 7/8/6. Lease comps with in-ground pools are $3000-$3500 per month. The roof, hvac, hot water heater, pool equipment, and carpet are all new. I love this deal for a 3-5 year hold. Expect it to appreciate aggressively while paying for itself. This is a terrific equity play. $33 hoa. Taxes $8317.

Enter your email to download the proforma

< Back to Daily Deals

Houston Single Family Rental *excellent deal* $305k

Listed 11/21/2024

25134 Aughton Dr, Spring

Purchase Price:$305,000

Cash Outlay:$82,350

Cashflow:$48/mo

Cap Rate:6.17%

IRR:11.87%

Talk to an agent about this property

Get a response in less than 24 hours.
Message

See other properties

Short Term Rental

Arlington Duplex Near UTA With STR Upside | $335k

107 Ray St, Arlington

Purchase Price:$335,000

Cash Outlay:$90,450

Cashflow:$219/mo

Cap Rate:6.62%

IRR:14.64%

Long Term Rental

Fort Worth Off-Market Duplex Selling FAR Below FMV | $350K

4712 South Dr, Fort Worth

Purchase Price:$350,000

Cash Outlay:$94,500

Cashflow:$454/mo

Cap Rate:7.40%

IRR:18.40%

Long Term Rental

Waco Baylor Duplex Fully Occupied | $520K

1907 S 17th St, Waco

Purchase Price:$520,000

Cash Outlay:$140,400

Cashflow:$506/mo

Cap Rate:7.01%

IRR:16.50%

Long Term Rental

Houston Single Family Rental $446/mo Cash Flow | $289K

10523 Moon Valley Ln, Rosharon

Purchase Price:$289,000

Cash Outlay:$78,030

Cashflow:$445/mo

Cap Rate:6.84%

IRR:18.95%

Long Term Rental

San Antonio Almost-Lux Triplex $6,150/mo Rent | $680K

726 Arthur St, San Antonio

Purchase Price:$665,000

Cash Outlay:$179,550

Cashflow:$542/mo

Cap Rate:6.81%

IRR:15.57%

Long Term Rental

Saginaw Quad Producing $5,400/mo | $625K

313 Cambridge Dr, Saginaw

Purchase Price:$615,000

Cash Outlay:$166,050

Cashflow:$350/mo

Cap Rate:6.52%

IRR:14.15%