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Houston Single Family Rental In Great Area $265k

16334 Melody View Ct, Cypress
ROI
11.92% IRR
Strategy
Long Term Rental
Built in equity play. The property is worth $325k. Recent large price reduction. Schools rated 7s and 8s. 2010 build for minimal maintenance. Lease comps support $2300-$2400 per month. HOA $64 per month. Taxes $8101 (based on 328k assessed value).

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Houston Single Family Rental In Great Area $265k

Listed 09/25/2024

16334 Melody View Ct, Cypress

Purchase Price:$265,000

Cash Outlay:$71,550

Cashflow:$126/mo

Cap Rate:4.81%

IRR:11.92%

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