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

2018 Stevens St, Houston

ROI

24.22% IRR

Strategy

Long Term Rental

Set of 4 new construction SFH's hitting 1% Rule. Motivated seller will accept $750k with a $15k credit towards rate buydown. 2 miles from downtown with strong rental demand, market rates $2000-2200/mo. Gentrifying neighborhood with new infill development. Good option for out-of-state investor with high cashflow on a new, low-maintenance asset.

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

Listed 03/25/2024

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2018 Stevens St, Houston

Purchase Price:$750,000

Cash Outlay:$202,500

Cashflow:$1,246/mo

Cap Rate:7.39%

IRR:24.22%

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