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Price Drop! Rent-Ready Fourplex Hitting the 1% Rule in the Second Ward

14 Norwood St, Houston

ROI

22.62% IRR

Strategy

Long Term Rental

Price Drop! Rent-ready fourplex hitting the 1% Rule in the Second Ward. Strong cashflow potential with a mix of 1-2 bed units. Single story built in 1935 with three 1 bed units and one 2 bed unit. Two remodeled in 2022 with granite counters, new cabinets, laminate floors. Other two units were remodeled in 2007.

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Price Drop! Rent-Ready Fourplex Hitting the 1% Rule in the Second Ward

Listed 06/13/2023

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14 Norwood St, Houston

Purchase Price:$385,000

Cash Outlay:$108,950

Cashflow:$573/mo

Cap Rate:7.52%

IRR:22.62%

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