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Value-Add 3 Bed MTR Next to Medical Center and University

6817 Hendon Ln, Houston

ROI

24.64% IRR

Strategy

Mid Term Rental

Value-add 3 bed MTR next to medical center and university. Cosmetic updates needed, close to Southwest hospital and HCU. Single story 3 bed, 1.5 bath 1,244 sq ft built in 1944. Major capex completed throughout last 10 years including HVAC, electrical, and foundation with warranty. Interior needs surface level renovation including cabinets, counters, paint, fixtures.

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Value-Add 3 Bed MTR Next to Medical Center and University

Listed 04/24/2023

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6817 Hendon Ln, Houston

Purchase Price:$210,000

Cash Outlay:$81,700

Cashflow:$811/mo

Cap Rate:9.33%

IRR:24.64%

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