*Must See* Houston Single Family Rental $340k
8840 Twin Falls Ln, Magnolia
ROI
11.85% IRR
Strategy
Long Term Rental
4 bed 3 bath 2700 sqft single family built in 2021. Recent $23k price drop. The assessed value is $380k for a very nice built-in equity position upon closing. Lease comps support $2700 per month. Schools are rated 8s and 6s. This is a good deal for an investor focused on asset and location quality for low maintenance management and appreciation. This type of asset can be self-managed to help yield positive cashflow in year 1. HOA $80. Taxes $6025.
