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Villa Rosa Drive
Brownsville, TX 78526
Asking Price
$440K
Asset Type
Multifamily
Class
Class B
What's Special
GORGEOUS NEW CONSTRUCTION DUPLEXES <p>99% LEASED OUT RATE FOR THE DUPLEXES, CLOSE PROXIMITIES TO SPACEX, LNG, AMAZON WAREHOUSE AND THE PORT. LONG TERM RENTS OF $1800-1850 WILL MOVE UP TO $1900 LATER IN THE YEAR. SHORT TERM AIR BNB RENTALS FOR CONTRACTORS AT ABOVE JOB SITES RENTING AT $2500-3200 A MONTH FURNISHED WITH UTILITIES. NEW CONSTRUCTION UNITS WILL BE 20 UNDER 20 MINUTES TO SPACEX, UNDER 5 MINUTES TO THE PORT AND 25 MINUTES TO SPACEX.</p>
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NOI
$80,000
Cap Rate
18.18%
DSCR
3.06
Strong
Cash-on-Cash
40.82%
Monthly Payment
$2,176.88
Annual Cash Flow
$53,877.441
