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.
