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

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.

Enter your email to download the proforma

< Back to Daily Deals

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%

Talk to an analyst about this property

Get a response in less than 24 hours.
Message

See other properties

Long Term Rental

Off-Market Duplex Fully Occupied and Cashflowing

519-521 Clearfield Dr, New Braunfels

Purchase Price:$450,000

Cash Outlay:$121,500

Cashflow:$434/mo

Cap Rate:7.15%

IRR:23.16%

Mid Term Rental

2021 Quadplex Near Methodist Hospital Off I-35

6427 Luglio Ln, San Antonio

Purchase Price:$950,000

Cash Outlay:$296,500

Cashflow:$1,830/mo

Cap Rate:7.81%

IRR:22.60%

Short Term Rental

Quadplex in a Prime Location with a Low Purchase Price

8607 Putnam Dr, Austin

Purchase Price:$699,000

Cash Outlay:$228,730

Cashflow:$3,800/mo

Cap Rate:11.76%

IRR:38.19%

Mid Term Rental

Value-Add Off Market MTR in Georgetown

409 Debora Dr, Georgetown

Purchase Price:$375,000

Cash Outlay:$131,250

Cashflow:$51/mo

Cap Rate:5.73%

IRR:17.35%

Long Term Rental

Northside 1% Rule Fourplex in Houston

2131 Cromwell St, Houston

Purchase Price:$349,000

Cash Outlay:$111,600

Cashflow:$674/mo

Cap Rate:8.32%

IRR:22.53%

Long Term Rental

Pair of Off-Market 1% Rule Quadplexes

13713 Duncum St, Houston

Purchase Price:$580,000

Cash Outlay:$147,900

Cashflow:$604/mo

Cap Rate:7.35%

IRR:22.56%