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Renovated 1% Rule 6-Plex in Copperas Cove

601 Sunset Ln, Copperas Cove
ROI
19.92% IRR
Strategy
Long Term Rental
Renovated 1% Rule 6-plex in Copperas Cove. 2 units under renovation, 2 units to be renovated. Renovated unit bringing in $900/mo. New roof. Close to Ft Cavazos with a large, stable tenant pool. Single story 6-plex built in 1972 on a slab foundation. Brand new roof. Renovated unit leased for $900/mo through 2/28/25. Two units to be renovated leased m2m for $550/mo. 2 units currently under renovation will be finished by closing.

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Renovated 1% Rule 6-Plex in Copperas Cove

Listed 03/01/2024

601 Sunset Ln, Copperas Cove

Purchase Price:$460,000

Cash Outlay:$147,200

Cashflow:$863/mo

Cap Rate:8.54%

IRR:19.92%

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