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9402 Synott Rd
Houston, TX 77083
Asking Price
Contact for price
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
Synott Square | Houston, TX | 108 Units Built in 1983 <ul><li>Assumable Loan at 3.34% Interest Rate - Matures in 2031</li><li>$118/Month Proven Premiums on Five Renovated Units</li><li>$2MM+ in Value Enhancement by Upgrading Remaining 102 Lightly Renovated Units</li><li>Washer and Dryer Connections in Every Unit</li><li>70% of the Units are 2-Bedrooms</li><li>Assumable Property Insurance ($83,029.99/Year)</li><li>High Visibility On Synott Road with 12,420+ VPD - Yardi</li><li>Double-Digit Cash-on-Cash Returns Averaged Over Five Years</li><l
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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547
