Killeen Quadplex Exceeding 1% Rule $315k

1202 Covey Ln, Killeen

ROI

18.82% IRR

Strategy

Long Term Rental

Currently fully occupied. Each unit is leased for $800 per month to long standing tenants. Leases have room to be increased to about $900 per door. New roof and HVAC units in 2021. Taxes 5564.

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Killeen Quadplex Exceeding 1% Rule $315k

Listed 07/29/2024

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1202 Covey Ln, Killeen

Purchase Price:$315,000

Cash Outlay:$85,050

Cashflow:$305/mo

Cap Rate:9.52%

IRR:18.82%

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