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

Occupied Duplex in 5th Ward with Rental Upside to Hit 1% Rule

4612 Hershe St, Houston
ROI
20.47% IRR
Strategy
Long Term Rental
Occupied duplex in 5th Ward with rental upside to hit 1% Rule. 3 bed units both currently rented 25% below market. Fully renovated in 2018 including new hvac, electrical, and plumbing. Two story 2,592 sq ft duplex built in 1938, totally renovated in 2018 with new electrical, plumbing, hvac. Both sides currently rented for $1350/mo with owner-paid water averaging $150/mo. Market rents $1700-1800/mo.

Enter your email to download the proforma

< Back to Daily Deals

Occupied Duplex in 5th Ward with Rental Upside to Hit 1% Rule

Listed 05/17/2023

4612 Hershe St, Houston

Purchase Price:$360,000

Cash Outlay:$97,200

Cashflow:$339/mo

Cap Rate:6.98%

IRR:20.47%

Talk to an analyst about this property

Get a response in less than 24 hours.
Message

See other properties

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%

Mid Term Rental

2006 Built Duplex Close to Medical District and Univ of Houston

4629 Phlox St, Houston

Purchase Price:$410,000

Cash Outlay:$140,700

Cashflow:$1,053/mo

Cap Rate:8.44%

IRR:23.32%