New Braunfels 1% Rule SFR $195k
3517 Naumann Way, New Braunfels
ROI
13.84% IRR
Strategy
Long Term Rental
Located in one of the hill country’s most desirable cities. Schools are rated 6s. Recent $30k price drop. Foundation work needed and quoted at $20k. ARV is $290k ($160/ ft) giving a $60k walk-in equity position! A buyer could purchase and renovate for $220k all-in. Then refinance and pull their cash out of the deal. It's very rare we see true "BRRRR" deals anymore. Lease comps are plentiful and support $1950. Taxes $5113.
