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Rent By The Room with No HOA and a 7% Cap Rate in Pflugerville

18118 Gantry Dr, Pflugerville
ROI
19.08% IRR
Strategy
Long Term Rental
Rent By The Room with no HOA and a 7% cap rate in Pflugerville. 4 bedroom with a good layout for adding 2 more bedrooms to maximize revenue. 1% Rule with 6 rooms rented for $675-700. Great location 10-15 minutes from tech center, Samsung plant, St Davids, and Domain. Off-market 1,667 sq ft 4 bed, 2 bath two story built in 1986. $80k full rehab completed in 2022. $2410/mo rent majority paid by Housing Authority of City of Austin, tenant since 2022 with lease expiring 11/30/23. Recently appraised for $413,743.

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Rent By The Room with No HOA and a 7% Cap Rate in Pflugerville

Listed 12/06/2023

18118 Gantry Dr, Pflugerville

Purchase Price:$400,000

Cash Outlay:$120,000

Cashflow:$352/mo

Cap Rate:7.00%

IRR:19.08%

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