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Off-Market STR AirBnB Compound Producing $175k | $890k

20122 Canterbury Rd, Porter
ROI
32.46% IRR
Strategy
Short Term Rental
At $890,000 the sale price is only 5x proven annual revenue, or roughly a 19.8% gross yield. Most proven STRs trade closer to 6–7x revenue. Even using the bottom of that range puts FMV over $1M. Everything Conveys. All furniture, appliances, decor, housewares, etc etc. The Airbnb is already live with 100+ reviews, 4.84 stars, 6 bedrooms, 5 baths, 5,000+ sqft, pool, hot tub, pickleball court, game room and guest house. It sits 15 minutes from IAH and 25 minutes from Downtown Houston. The city is technically Porter, TX, so you avoid the heavier municipal restrictions, while still capturing Houston-area demand. No HOA. Seller self-manages today with a cleaner + handyman, those resources will be shared with the buyer. Seller manages this successfully from Ohio. This is the exact “STR loophole” deal I want our clients buying. Already operating, proven, and bought at the right basis.

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Off-Market STR AirBnB Compound Producing $175k | $890k

Listed 09/04/2026

20122 Canterbury Rd, Porter

Purchase Price:$890,000

Cash Outlay:$240,300

Cashflow:$3,309/mo

Cap Rate:10.30%

IRR:32.46%

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