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New Construction Fourplex by Medical District and UofH

6423 New York St, Houston
ROI
21.49% IRR
Strategy
Mid Term Rental
New construction fourplex by medical district and UofH. Gross $10-11k as a furnished mid-term rental and $12-13k as a short-term rental. Great option for a house hacker. C class neighborhood trending towards B class with moderate crime, active newer development and gentrification but still a lot of commercial buildings and distressed properties around. Two story townhome-style fourplex. Each unit has 1,384 sq ft with 3 beds and 3 baths.

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New Construction Fourplex by Medical District and UofH

Listed 12/07/2023

6423 New York St, Houston

Purchase Price:$900,000

Cash Outlay:$273,000

Cashflow:$ 1,345/mo

Cap Rate:7.97%

IRR:21.49%

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