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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.

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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%

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