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Houston Single Family Rental with 6+ Rated Schools $292k

14511 Overland Hollow Dr, Houston
ROI
16.54% IRR
Strategy
B.E.A.F
Houston single family rental. Turnkey. Built in 2020. 4 beds, 2000+ sqft. Lease comps are at $2500. Schools are rated 6+. Located in a strong growth corridor west of downtown Houston and north of Katy. This is a perfect BEAF style deal. Appraised for over $300k in 2023. I think you can pick it up for $280k. It's in a good area and in near-perfect condition so an owner could self-manage and be cashflow positive in year 1 in an appreciating asset. Taxes 8913. HOA $43.

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Houston Single Family Rental with 6+ Rated Schools $292k

Listed 08/06/2024

14511 Overland Hollow Dr, Houston

Purchase Price:$280,000

Cash Outlay:$75,600

Cashflow:$179/mo

Cap Rate:8.82%

IRR:16.54%

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