Value-Add Rent By The Room in Round Rock
1233 Kenneys Way, Round Rock
ROI
19.54% IRR
Strategy
Value-Add Rent By The Room
This is a great property to combine modern rental strategies with classic value-add opportunities. Selling for $399k with multiple comps in the neighborhood going for $525-550k, and it only needed cosmetics. With $20-30k in interior/exterior paint, floors, and fixtures, this property would add $100-150k in equity. Rent 6 rooms individually to net over $1k/mo in cash flow. All in a high growth pocket close to universities and medical centers.
