🚫 We are no longer accepting BRRRR, Fix/Flip, or Wholesale clients

Upgraded Northside Duplex Hitting 1% Rule

8902 Lockwood Dr, Houston
ROI
17.84% IRR
Strategy
Long Term Rental
Upgraded Northside duplex hitting 1% Rule. Conveniently located near freeways and medical center, strong cashflow at market rents with a purchase price $20k below asking. 2,192 sq ft duplex with 3 bed, 2 bath units built in 1950. Fully updated with laminate floors, custom cabinets, granite counters, stainless appliances, privacy fences. Currently occupied.

Enter your email to download the proforma

< Back to Daily Deals

Upgraded Northside Duplex Hitting 1% Rule

Listed 08/23/2023

8902 Lockwood Dr, Houston

Purchase Price:$350,000

Cash Outlay:$94,500

Cashflow:$275/mo

Cap Rate:7.09%

IRR:17.84%

Talk to an analyst about this property

Get a response in less than 24 hours.
Message

See other properties

Mid Term Rental

2021 Quadplex Near Methodist Hospital Off I-35

6427 Luglio Ln, San Antonio

Purchase Price:$950,000

Cash Outlay:$296,500

Cashflow:$1,830/mo

Cap Rate:7.81%

IRR:22.60%

Short Term Rental

Quadplex in a Prime Location with a Low Purchase Price

8607 Putnam Dr, Austin

Purchase Price:$699,000

Cash Outlay:$228,730

Cashflow:$3,800/mo

Cap Rate:11.76%

IRR:38.19%

Mid Term Rental

Value-Add Off Market MTR in Georgetown

409 Debora Dr, Georgetown

Purchase Price:$375,000

Cash Outlay:$131,250

Cashflow:$51/mo

Cap Rate:5.73%

IRR:17.35%

Long Term Rental

Northside 1% Rule Fourplex in Houston

2131 Cromwell St, Houston

Purchase Price:$349,000

Cash Outlay:$111,600

Cashflow:$674/mo

Cap Rate:8.32%

IRR:22.53%

Long Term Rental

Pair of Off-Market 1% Rule Quadplexes

13713 Duncum St, Houston

Purchase Price:$580,000

Cash Outlay:$147,900

Cashflow:$604/mo

Cap Rate:7.35%

IRR:22.56%

Mid Term Rental

2006 Built Duplex Close to Medical District and Univ of Houston

4629 Phlox St, Houston

Purchase Price:$410,000

Cash Outlay:$140,700

Cashflow:$1,053/mo

Cap Rate:8.44%

IRR:23.32%