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.
