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Set of 4 New Construction SFH’s Hitting 1% Rule

2018 Stevens St, Houston
ROI
20.67% IRR
Strategy
Long Term Rental
Set of 4 new construction SFH's hitting 1% Rule. Motivated seller originally asking $1M reduced to $850k, suggested offer price $825k. 2 miles from downtown with strong rental demand, market rates $2000-2200/mo. Gentrifying neighborhood with new infill development.

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Set of 4 New Construction SFH’s Hitting 1% Rule

Listed 02/14/2024

2018 Stevens St, Houston

Purchase Price:$750,000

Cash Outlay:$202,500

Cashflow:$1,017/mo

Cap Rate:7.47%

IRR:20.67%

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