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Victoria Duplex Exceeding The 1% Rule $205k

102 Milann Street, Victoria

ROI

23.19% IRR

Strategy

Long Term Rental

One side leased. Both units have the same 2 bed, 1.5 bath layout. Side A is leased for $1085. Market rate is $1200 per door. 1980 build and very well maintained. This property was left off the public sites like zillow and Redfin which is why I believe it hasn't sold yet. MLS sheet linked below. This is a great low cost cashflow play. Taxes $3146.

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Victoria Duplex Exceeding The 1% Rule $205k

Listed 10/22/2024

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102 Milann Street, Victoria

Purchase Price:$205,000

Cash Outlay:$55,350

Cashflow:$455/mo

Cap Rate:8.34%

IRR:23.19%

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