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Occupied and Cashflowing Triplex Hitting 1% Rule in Independence Heights with 3 Beds

217 Cockerel St, Houston
ROI
21.24% IRR
Strategy
Long Term Rental
Occupied and cashflowing triplex hitting 1% Rule in Independence Heights. 3 bed main house leased for $1375 with two 1 bed apartments leased for $650 & $653. Triplex with 1100sq ft 3 bed main house leased for $1375 and two 1 bed apartments leased for $650 & $653. Built in 1920, tenants pay all utilities. : Gentrifying Independence Heights 10 minutes from downtown Houston. New construction in surrounding blocks.

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Occupied and Cashflowing Triplex Hitting 1% Rule in Independence Heights with 3 Beds

Listed 04/19/2023

217 Cockerel St, Houston

Purchase Price:$259,000

Cash Outlay:$69,930

Cashflow:$291/mo

Cap Rate:7.19%

IRR:21.24%

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