🚫 We are no longer accepting BRRRR, Fix/Flip, or Wholesale clients

New Construction Duplex Close to Medical Centers and Universities

4325 Phlox St, Houston
ROI
20.38% IRR
Strategy
Mid Term Rental
New construction duplex close to medical centers and universities. Strong mid-term rental demand around $3000/mo with low maintenance in a brand-new asset. Gentrifying area, smaller unit next door just sold for $470k.

Enter your email to download the proforma

< Back to Daily Deals

New Construction Duplex Close to Medical Centers and Universities

Listed 03/05/2024

4325 Phlox St, Houston

Purchase Price:$489,000

Cash Outlay:$152,030

Cashflow:$670/mo

Cap Rate:7.19%

IRR:20.38%

Talk to an agent about this property

Get a response in less than 24 hours.
Message

See other properties

Long Term Rental

Killeen Fully Occupied Quadplex $325k

1108 Eastside Dr, Killeen

Purchase Price:$325,000

Cash Outlay:$87,750

Cashflow:$587/mo

Cap Rate:8.06%

IRR:21.14%

Long Term Rental

Houston Occupied Duplex $335k

4340 Phlox St, Houston

Purchase Price:$335,000

Cash Outlay:$90,450

Cashflow:$731/mo

Cap Rate:8.46%

IRR:23.54%

Long Term Rental

Dallas Turnkey Duplex $415k

312 California Dr, Glenn Heights

Purchase Price:$415,000

Cash Outlay:$112,050

Cashflow:$274/mo

Cap Rate:6.63%

IRR:14.68%

Long Term Rental

Fort Worth Quadplex $500k

3204 McLean St, Fort Worth

Purchase Price:$500,000

Cash Outlay:$135,000

Cashflow:$667/mo

Cap Rate:7.44%

IRR:18.59%

Long Term Rental

Fort Worth 1% Rule Duplex $320k

8521 Gatlinburg Dr, Fort Worth

Purchase Price:$320,000

Cash Outlay:$86,400

Cashflow:$566/mo

Cap Rate:7.96%

IRR:21.12%

Long Term Rental

Fort Worth 1% Rule Duplex $325k

3411 Stonewall Ln, Fort Worth

Purchase Price:$325,000

Cash Outlay:$87,750

Cashflow:$491/mo

Cap Rate:7.65%

IRR:19.63%