🚫 We are no longer accepting BRRRR, Fix/Flip, or Wholesale clients

Rare Katy ISD Duplex Cashflowing and Appreciating $350k

1934 Avenue B, Katy
ROI
21.49% IRR
Strategy
Long Term Rental
Duplex with (1) 2 bed unit and (1) 3 bed unit. Market rate is $1500 for the 2-bed unit and $1850 for the 3-bed unit. The 2bed unit has a previous tenant paying $1300 / month and their lease expires November 2024. The 3 bed unit is vacant and ready for tenants. Asking $350k. Tax $3019. Zoned to Katy High School and one of the rare multifamily assets in Houston zoned to a 5+ rated school and cashflow positive! This is a perfect deal for a client looking for a mix of cashflow and appreciation in a B grade market at a low entry price.

Enter your email to download the proforma

< Back to Daily Deals

Rare Katy ISD Duplex Cashflowing and Appreciating $350k

Listed 06/26/2024

1934 Avenue B, Katy

Purchase Price:$50,000

Cash Outlay:$13,500

Cashflow:$577/mo

Cap Rate:9.16%

IRR:21.49%

Talk to an analyst about this property

Get a response in less than 24 hours.
Message

See other properties

Short Term Rental

DFW SFR w/ Built-In Equity $215k

1019 Halifax Ln, Forney

Purchase Price:$215,000

Cash Outlay:$58,050

Cashflow:$186/mo

Cap Rate:4.79%

IRR:13.63%

Short Term Rental

New Braunfels SFR w/ Built-In Equity $249k

317 Hummingbird Dr, New Braunfels

Purchase Price:$249,000

Cash Outlay:$67,230

Cashflow:$256/mo

Cap Rate:4.60%

IRR:14.17%

Long Term Rental

Killeen 1% Rule Quadplex $350k

1313 Quail Cir, Killeen

Purchase Price:$350,000

Cash Outlay:$94,500

Cashflow:$602/mo

Cap Rate:7.90%

IRR:20.54%

Long Term Rental

DFW Value-Add Duplex $370k

316 Shady Valley Dr, Mansfield

Purchase Price:$370,000

Cash Outlay:$99,900

Cashflow:$692/mo

Cap Rate:8.08%

IRR:21.39%

Long Term Rental

Houston New Construction Duplex $409k

7813 Laura Koppe Rd, Houston

Purchase Price:$409,000

Cash Outlay:$110,430

Cashflow:$163/mo

Cap Rate:6.31%

IRR:13.08%

Long Term Rental

DFW 10-Plex Near Universities $800k

613 W Hickory St, Denton

Purchase Price:$800,000

Cash Outlay:$216,000

Cashflow:$1,015/mo

Cap Rate:7.36%

IRR:18.00%