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3805-3813 Wipprecht St.
Houston, TX 77026
Asking Price
$2.20M
Cap Rate
7.96%
Asset Type
Student Housing Multifamily
Class
Class B
What's Special
Multifamily | 21 Units | $104,762/unit <ul><li>Minutes from Downtown Houston</li><li>Convenient access to I-610 and US-59 / I-69</li><li>Near Hardy Yards and the East River development corridor</li><li>Access to major employment hubs and transportation routes</li><li>Workforce housing demand with long-term appreciation potential</li><li>100% Occupied!</li><li>8% CAP RATE!</li><li>Current Scheduled Rent $22,236/mo</li><li>Pro Forma Cap Rate approx. 9.0%</li><li>Price Per Unit approx. $104,762</li></ul>
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NOI
$80,000
Cap Rate
3.64%
DSCR
0.61
Underwater
Cash-on-Cash
-7.67%
Monthly Payment
$10,884.4
Annual Cash Flow
$-50,612.796
