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Light Value-Add 3 Bed Hitting the 1% Rule in a High Growth Area of Houston

4226 Rosegate Dr, Spring
ROI
22.38% IRR
Strategy
Long Term Rental
Light value-add 3 bed hitting the 1% Rule in a high growth area of Houston. Needs floors, paint, cabinets. ARV 195-210k. 3 bed, 2 bath 1,334 sq ft single story built in 1977. Surface level updates needed including floors, paint, minor drywall repair, and kitchen cabinets.

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Light Value-Add 3 Bed Hitting the 1% Rule in a High Growth Area of Houston

Listed 04/03/2023

4226 Rosegate Dr, Spring

Purchase Price:$148,000

Cash Outlay:$54,960

Cashflow:$161/mo

Cap Rate:6.51%

IRR:22.38%

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