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Renovated Cash Flowing SFH + ADU in a Gentrifying Neighborhood

116 Gans St, Houston
ROI
20.61% IRR
Strategy
Long Term Rental
Renovated cash flowing SFH + ADU in a gentrifying neighborhood. 3 bed main house leased for $1650, 2 bed ADU updated with market rents $1350-1400/mo. Two story 3,248 sq ft fourplex built in 1960 with updated plumbing and electrical. Two units getting minor updates before closing, others already rent-ready. Three 2 bed, 1 bath units with market rents $1250-1300/mo, plus one 3 bed, 1 bath unit with market rent $1350-1400/mo.

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Renovated Cash Flowing SFH + ADU in a Gentrifying Neighborhood

Listed 06/08/2023

116 Gans St, Houston

Purchase Price:$335,000

Cash Outlay:$90,450

Cashflow:$281/mo

Cap Rate:6.86%

IRR:20.61%

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