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16222 Cairnway Drive
Houston, TX 77084
Asking Price
$1.75M
Asset Type
Commercial Land
Class
Class B
What's Special
2.5 acres - 16222 Cairnway Dr | Houston, TX | Land <ul><li>Great opportunity for swim school, racket ball, tennis club or all of the above</li><li>Significant in place value with upside for location</li><li>Adjacent to the Villages at Loch Katrine apartments (276 units)</li><li>47,008 VPD on Highway 6</li></ul>
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NOI
$80,000
Cap Rate
4.57%
DSCR
0.77
Underwater
Cash-on-Cash
-4.55%
Monthly Payment
$8,658.045
Annual Cash Flow
$-23,896.542
