3 Bed 3 Bath in Houston, TX

Subto TX – Downtown Houston Deal with No HOA, No Rental Restrictions – Multiple Exits!

Unlock an exceptional investment opportunity in downtown Houston, TX, with this modern Subto property offering no HOA and no rental restrictions. This turnkey home, built in 2022, features beautiful finishes and provides multiple profitable exit strategies.

Property Details:

• Location: Downtown Houston, TX (5th Ward)
• Bedrooms: 3
• Bathrooms: 2.5
• Living Space: 1,544 sq ft
• Lot Size: 2,657 sq ft
• Year Built: 2022

Terms:

• Total Purchase Price (including assignment): $353,076
• Entry Fee: $34,000 + Closing Costs + Transaction Coordinator

Subject To Info:

• Mortgage Balance: $324,076
• Interest Rate: 6.25%
• PITI: $2,774.66/month
  • Principal: $340.92
  • Interest: $1,684.37
  • Taxes & Insurance (TI): $749.37

Recommended Exits:

• Long-Term Rental (LTR): $2,500/month (Zillow Rent and Rentcast)
• Mid-Term Rental (MTR): $2,800 – $4,000/month (Furnished Finder)
• Short-Term Rental (STR): $2,900 – $4,000/month (AirDNA and Awning)
• PadSplit: ~$180/room/week
• Wrap
• Homestead
• Lease Option

Other Notes:

• No Rental Restrictions: Flexibility for various rental strategies.
• No HOA: No additional monthly fees.
• Turnkey Condition: Modern home with beautiful finishes, ready for immediate occupancy or rental.
• Proximity to Downtown Houston: Conveniently located in the 5th Ward, close to major amenities.
  • George Bush Intercontinental Airport: 18 miles
  • Schools: Elementary, middle, and high schools within 2 miles; University of Houston within 2 miles
  • Hospitals: 5 miles

This property offers significant cash flow potential with a range of rental options. The PITI of $2,774.66 is well-supported by the projected rental incomes from various strategies, ensuring strong returns. The home’s modern design and finishes make it highly desirable for tenants or as a personal residence.

Secure this prime downtown Houston investment with a $34,000 entry fee plus closing costs and transaction coordinator fees. Leverage the favorable financing terms and capitalize on the strong rental market in this thriving area.

Details

Property ID
SPSP-18644

Bedrooms
3

Bathrooms
3

Property Size
1544

Entry Cost ($)
34000

APR (%)
6.25

PITI ($)
2774

Balance ($)
324076