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Recently Built Houston Duplex $390k

8115 Marcy Dr, Houston
ROI
12.21% IRR
Strategy
Long Term Rental
One side already leased for $1650 through April 2025. The other side is vacant and ready to fill at a similar rate. Market comps support $1650-$1700 per door. 2020 build for minimal maintenance expense. I suggest starting with an offer at $380k and aim to land close to $390k. This will be a good option for a mix of appreciation and cashflow OR as a househack. Taxes $5799.

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Recently Built Houston Duplex $390k

Listed 11/22/2024

8115 Marcy Dr, Houston

Purchase Price:$390,000

Cash Outlay:$105,300

Cashflow:$85/mo

Cap Rate:6.25%

IRR:12.21%

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