Town Home-Style Fourplex Hitting the 1% Rule Near Texas A&M

2804 Leroy Circle, Killeen
ROI
20.14% IRR
Strategy
Long Term Rental
Townhome-style fourplex hitting the 1% rule near Texas A&M. Currently occupied with 3 leases expiring one month after closing, all 25-30% below market rent. Occupied fourplex built in 2003 with townhome-style units. Two 2 bed, 1.5 bath units and two 3 bed, 1.5 bath units. Three units leased for $695-750/mo ending 5/2023, one unit leased for $900/mo until 2/2024. Market rents $950-1000 for 2 bed units, $1100-1200/mo for 3 beds.

Enter your email to download the proforma

Join our Daily Deal List - Single property

< Back to Daily Deals

Town Home-Style Fourplex Hitting the 1% Rule Near Texas A&M

Listed 03/27/2023

2804 Leroy Circle, Killeen

Purchase Price:$395,000

Cash Outlay:$116,650

Cashflow:$491/mo

Cap Rate:7.15%

IRR:20.14%

Talk to an analyst about this property

Get a response in less than 24 hours.
Message

See other properties

Mid Term Rental

New Construction Quadplex Near I-35 in Windcrest

7103 Georgeann Dr, San Antonio

Purchase Price:$859,900

Cash Outlay:$272,173

Cashflow:$1,562/mo

Cap Rate:7.66%

IRR:21.87%

Mid Term Rental

Tobin Hill 8-Unit Complex Next to San Antonio College and The Pearl

1625 McCullough Ave, San Antonio

Purchase Price:$950,000

Cash Outlay:$364,000

Cashflow:$1,798/mo

Cap Rate:8.06%

IRR:19.01%

Short Term Rental

Upgraded Northwood Pool Home with $10k Seller Credit

430 Woodcrest Dr, San Antonio

Purchase Price:$490,000

Cash Outlay:$142,300

Cashflow:$1,977/mo

Cap Rate:10.41%

IRR:26.98%

Short Term Rental

Updated 4 Bed STR with a Pool Near Downtown, Airport, and Military Bases

541 Fenwick Dr, Windcrest

Purchase Price:$375,000

Cash Outlay:$111,250

Cashflow:$1,250/mo

Cap Rate:10.13%

IRR:24.23%

Short Term Rental

Turnkey Pool Home Active on Airbnb with Excellent Yield Comes Fully Furnished

8222 Colgate St, Houston

Purchase Price:$499,000

Cash Outlay:$134,730

Cashflow:$1,868/mo

Cap Rate:10.88%

IRR:27.70%

Mid Term Rental

New Construction Fourplex by Medical District and UofH

6423 New York St, Houston

Purchase Price:$900,000

Cash Outlay:$273,000

Cashflow:$ 1,345/mo

Cap Rate:7.97%

IRR:21.49%

Made with ❤️ by WebCherry