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Rare Duplex Close to Texas State University $315k

228 Trestle Tree, San Marcos

ROI

15.54% IRR

Strategy

Short Term Rental

Asking $315k. Near Texas State University and located between Austin and San Antonio is beautiful San Marcos. Current tenants in place pay $1700 and $1100 for the 2 bedroom and 1 bedroom respectively. There's room to turn this into a heavy cashflow play as leases renew. Comps show $1300 for the 1 bed and up to $2000 for the 2-bed unit. Taxes are $6457. HOA is $55/ month.

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Rare Duplex Close to Texas State University $315k

Listed 06/25/2024

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228 Trestle Tree, San Marcos

Purchase Price:$315,000

Cash Outlay:$85,050

Cashflow:$125/mo

Cap Rate:8.78%

IRR:15.54%

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