Victoria 8-Plex w/ Seller Financing $690K
303 Palmwood Dr, Victoria
ROI
21.56% IRR
Strategy
Long Term Rental
7 of 8 units occupied, bringing in $5,175/mo. Market rents are $875 per unit. Some tenants have been there 15+ years. Owner is retiring and offering seller financing: 20% down, 6% interest, 30-year amortization, 5-year balloon. One tenant assists with management, or we can connect you with a third-party manager. Owner covers water/trash at ~$600/mo; tenants pay electric. P&L is handwritten, so expect some gaps. Taxes: $10,706.
