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

Occupied Duplex with Cashflow From Day One and Significant Upside in Rents

12309 Ormandy St, Houston
ROI
21.18% IRR
Strategy
Long Term Rental
Occupied duplex with cashflow from day one and significant upside in rents. One side completely renovated, other unit has new roof, paint, & fence. Currently leased for $2900/mo about 10% below market. Occupied duplex with a 3 bed unit leased for $1650/mo and 2 bed unit leased for $1250/mo, both housing vouchers. Tenants pay electric and gas, landlord pays water. Market rents support $1800+/mo for 3 bed and $1500+/mo for 2 bed (increase already applied for with housing authority), hitting the 1% Rule.

Enter your email to download the proforma

< Back to Daily Deals

Occupied Duplex with Cashflow From Day One and Significant Upside in Rents

Listed 03/21/2023

12309 Ormandy St, Houston

Purchase Price:$345,000

Cash Outlay:$93,150

Cashflow:$382/mo

Cap Rate:7.17%

IRR:21.18%

Talk to an analyst about this property

Get a response in less than 24 hours.
Message

See other properties

Long Term Rental

DFW SFR Exceeding The 1% Rule $215k

3923 Coolidge St, Dallas

Purchase Price:$215,000

Cash Outlay:$58,050

Cashflow:$143/mo

Cap Rate:9.57%

IRR:17.53%

Rent By The Room

San Antonio Off-Market Turnkey Rent By The Room Deal $280k

1011 Bay Horse Dr, San Antonio

Purchase Price:$305,000

Cash Outlay:$82,350

Cashflow:$222/mo

Cap Rate:9.29%

IRR:17.51%

Long Term Rental

Rare Katy ISD Duplex Cashflowing and Appreciating $350k

1934 Avenue B, Katy

Purchase Price:$50,000

Cash Outlay:$13,500

Cashflow:$577/mo

Cap Rate:9.16%

IRR:21.49%

Short Term Rental

Rare Duplex Close to Texas State University $315k

228 Trestle Tree, San Marcos

Purchase Price:$315,000

Cash Outlay:$85,050

Cashflow:$125/mo

Cap Rate:8.78%

IRR:15.54%

Mid Term Rental

Turnkey and Cashflowing DFW Duplex $475K

7804 Laver Ct, Fort Worth

Purchase Price:$475,000

Cash Outlay:$128,250

Cashflow:$365/mo

Cap Rate:7.85%

IRR:16.27%

Long Term Rental

100% Occupied and Cashflowing Turnkey Houston Quadplex $635K

2526 Appian Way, New Caney

Purchase Price:$635,000

Cash Outlay:$171,450

Cashflow:$567/mo

Cap Rate:9.14%

IRR:18.11%