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Single Family Rental For Cashflow and Appreciation $300k

11002 Hillside Creek Dr, Humble
ROI
12.61% IRR
Strategy
Long Term Rental
5 bed 3 bath 2600 sqft built in 2018 for minimal maintenance. Middle and High school both rated 6s. Lease comps are very consistent and support $2600 per month. There are several homes in this neighborhood with similar square footage that have traded above $3000 per month so there’s room to push these rents higher by accepting section 8 tenants. HOA $32. Taxes $8036.

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Single Family Rental For Cashflow and Appreciation $300k

Listed 12/02/2024

11002 Hillside Creek Dr, Humble

Purchase Price:$300,000

Cash Outlay:$81,000

Cashflow:$165/mo

Cap Rate:5.18%

IRR:12.61%

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