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Updated Cashflow Duplex Hitting 1% Rule 15 Minutes from IAH Airport and Downtown

8709 Knox St, Houston
ROI
21.25% IRR
Strategy
Long Term Rental
Updated cashflow duplex hitting 1% Rule 15 minutes from IAH airport and downtown. One 3 bed and one 2 bed unit, both vacant before closing. 1,200 sq ft duplex built in 1940 with (1) 3 bed unit and (1) 2 bed unit, both vacating before closing. Move-in ready with updated interiors including quartz counters, hard floors, and modern neutral finishes.

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Updated Cashflow Duplex Hitting 1% Rule 15 Minutes from IAH Airport and Downtown

Listed 06/29/2023

8709 Knox St, Houston

Purchase Price:$259,000

Cash Outlay:$70,930

Cashflow:$270/mo

Cap Rate:7.07%

IRR:21.25%

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