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7914 Norvic St
Houston, TX 77029
Asking Price
$850K
Cap Rate
8.61%
Asset Type
Multifamily
Class
Class B
What's Special
Multifamily | 8.61% CAP | 11 Units <ul><li>Attractive In-Place Yield: Offered at an 8.5% cap rate, delivering strong day-one cash flow.</li><li>Stable Section 8 Income: Backed by the Harris County Housing Authority, providing consistent and reliable rent collections.</li><li>Quiet, Infill Location: Situated in a low-density pocket just east of the Loop, offering strong tenant demand with neighborhood appeal.</li></ul>
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NOI
$80,000
Cap Rate
9.41%
DSCR
1.59
Strong
Cash-on-Cash
11.58%
Monthly Payment
$4,205.336
Annual Cash Flow
$29,535.965
