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UNICORN Cashflow Deal $275k

1705 Holloman Dr, Port Lavaca
ROI
33.20% IRR
Strategy
Long Term Rental
Port Lavaca 6-plex, fully occupied. Unit mix: (2) 2 beds, (2) studios, (2) 1 beds. Current rent roll: $4,000/month. (Tenants pay electric in 5 of the 6 units; landlord pays approx. $75 for one.) Landlord also covers water/trash (~$400/month). Property has 6 separate meters. This is a true C+ class, high-yield play and a perfect DSCR loan candidate. It's underpriced and likely to go above ask—$275K is a strong offer. Taxes: $4,206.

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UNICORN Cashflow Deal $275k

Updated Today

1705 Holloman Dr, Port Lavaca

Purchase Price:$260,000

Cash Outlay:$70,200

Cashflow:$1,021/mo

Cap Rate:10.80%

IRR:33.20%

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