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Killeen 8-Plex Exceeding The 1% Rule: $445k

801 W Avenue I, Killeen

ROI

22.09% IRR

Strategy

Long Term Rental

Killeen 8 Alex with 7 of the 8 units currently rented. Tenants pay their own electric. Owner pays water ($300 per month). Very strong tenant demand. Current rent roll is $4400 with one vacant unit. Topline income with full occupancy is $5050 per month. This is a perfect deal for a DSCR loan. Top to bottom renovation in 2023. Taxes $4961.

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Killeen 8-Plex Exceeding The 1% Rule: $445k

Listed 09/25/2024

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801 W Avenue I, Killeen

Purchase Price:$445,000

Cash Outlay:$120,150

Cashflow:$851/mo

Cap Rate:8.59%

IRR:22.09%

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