Multi Family in San Antonio
Hunters Pond
ROI
16.64% IRR
Strategy
Long Term Rental
This turnkey duplex was built in 2008 with 4 bedrooms per side and recently had a new roof installed, new floors, and fresh paint. We typically see lower cap rates with newer construction, however this duplex still hits the "1% rule" and provides solid cashflow. We still budget conservatively for repairs but expect minimal maintenance costs and capex here, since all major mechanicals still have plenty of life in them and tenants in A class neighborhoods tend to take more pride in their homes. This property is close to Texas A&M and has a lot of ongoing development nearby, which will provide strong appreciation and rental demand.
