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6821 Fairway Drive
Houston, TX 77087
Asking Price
$2.25M
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
Multifamily | 22 Units <ul><li>Recently renovated asset with additional upside through modernized interiors, upgraded kitchens and baths, and continued potential for rental growth and operational improvement.</li><li>Strong in-place cash flow with rent growth potential as current ownership has significantly increased rents while still leaving upside compared to renovated market comps.</li><li>Prime Southwest Houston location with convenient access to Downtown Houston, the Galleria, Greenway Plaza, the Texas Medical
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NOI
$80,000
Cap Rate
3.56%
DSCR
0.60
Underwater
Cash-on-Cash
-7.94%
Monthly Payment
$11,131.772
Annual Cash Flow
$-53,581.268
