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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.

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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%

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