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Six Detached 2 Bedroom Units Hitting the 1% Rule

3210 Cactus St, Houston
ROI
16.32% IRR
Strategy
Long Term Rental
Six detached 2 bedroom units hitting the 1% rule. One unit in need of renovation, one tenant vacating, and 4 units occupied. Six detached 2 bed, 1 bath units, 780sf each. Built in 1955. Three units rented for $800/mo, one for $900/mo, one becoming vacant, and one in need of renovation.

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Six Detached 2 Bedroom Units Hitting the 1% Rule

Listed 05/17/2023

3210 Cactus St, Houston

Purchase Price:$500,000

Cash Outlay:$180,000

Cashflow:$500/mo

Cap Rate:6.95%

IRR:16.32%

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