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Turnkey Houston Single Family Rental $275k

454 Buoy Rd, Houston
ROI
17.11% IRR
Strategy
Long Term Rental
Tenant is already in place through May 2025 paying $2200 per month. Property sits outside of any flood zones. Schools are ranked 6+ and there was a recent $25k asking price drop. This is an excellent opportunity for an investor to walk into a strong equity position (fair market value is $325k), in an asset with no vacancy risk, and doesn’t need any maintenance. If you’re looking to build a portfolio, this is a perfect deal. It will cashflow positive if you self-manage while you wait for another “seller’s market”. Then cash out and 1031 your equity + appreciation into a larger Multi family deal.

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Turnkey Houston Single Family Rental $275k

Listed 07/15/2024

454 Buoy Rd, Houston

Purchase Price:$275,000

Cash Outlay:$74,250

Cashflow:$173/mo

Cap Rate:9.31%

IRR:17.11%

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