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Occupied Triplex Hitting the 1% Rule in Kashmere Gardens/Greater 5th Ward Just Outside Downtown

4518 Los Angeles St, Houston

ROI

20.73% IRR

Strategy

Long Term Rental

Occupied triplex hitting the 1% rule in Kashmere Gardens/Greater 5th Ward just outside downtown. Occupied triplex including a duplex with 3 beds, 2 baths on bottom level leased for $1150/mo, 1 bed 1 bath unit on upper level leased for $750/mo, and a separate 2 bed, 1 bath leased for $799/mo.

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Occupied Triplex Hitting the 1% Rule in Kashmere Gardens/Greater 5th Ward Just Outside Downtown

Listed 05/03/2023

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4518 Los Angeles St, Houston

Purchase Price:$270,000

Cash Outlay:$72,900

Cashflow:$271/mo

Cap Rate:7.05%

IRR:20.73%

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