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Off-Market Houston Duplex $285k *great deal*

1439 Rustling Oaks Dr, Conroe
ROI
20.30% IRR
Strategy
Long Term Rental
Located in Conroe. Current leases total $2300 per month through March 2025. Market rate rents are $1350 per door so you'll see a nice rent bump in spring 2025. 2020 construction for minimal maintenance. This property is worth $315k and in a good area. Seller will take $285k which puts you into an excellent equity position upon closing. Taxes $4200. Here is the previous rental link so you can see images: https://redf.in/7MbNpb

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Off-Market Houston Duplex $285k *great deal*

Listed 08/26/2024

1439 Rustling Oaks Dr, Conroe

Purchase Price:$285,000

Cash Outlay:$76,950

Cashflow:$382/mo

Cap Rate:9.34%

IRR:20.30%

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