Off-Market Condo at 2425 Augusta Dr, Houston, TX 77057

2425 Augusta Dr, Houston, TX 77057

Unit - #21

$207,500

Description

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $101 per day and long-term for an average of $1,748 per month, based on similar listings in the area. Estimated short-term cap rate of 1.9%. Estimated long-term cap rate of -1.4%. LOCATION LOCATION LOCATION! Tenant occupied until June 2025. Tenant pays rent every 1st of the month. Double pane windows. Light and bright split layout ground floor CORNER unit with 2 bedrooms and 2 baths in CHURCHILL TOWNHOMES gated community in Galleria area. Walk into an open concept living room with wood burning fireplace. Oversized primary and secondary bedrooms with walls-in closets and updated bathrooms. UPDATES GALORE with plantation shutters, vinyl floors, vanity lights French door access to fenced private patio, back door access from kitchen and tons of storage. Close to HEB, restaurants and Galleria shopping mall. HOA includes cable, water and tras. HOA amenities include swimming pool. Appliacnes included - W/D, Refrigerator. Available for showing October 28.

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$532
Rental Policy
daily
Yearly Taxes
$4313
Bedrooms
2
Bathrooms
2
SQFT
1,134
Furnished
N/A
Year built
1977
Listing Status
Off Market
MLS
25688140

Short-term Rental Potential
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$27,936

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$182

Price/SQFT

Long-term Rental Potential
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$20,976

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$1,748/mo

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