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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

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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