1031 Replacement Candidate — Stabilized Houston-Area SFR

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1031 Replacement Candidate — Stabilized Houston-Area SFR

Member since 2018 · 6 posts · 2 votes

Direct owner offering an occupied single-family rental in Imperial Oaks / Spring, Texas.

  • Asking price: $350,000
  • Actual in-place rent: $2,700/month
  • Annualized rent: $32,400
  • Gross yield: 9.3%
  • 2025 actual owner-reported NOI: $22,069
  • Same tenant since 2019
  • 100% of scheduled rent collected
  • 4 bed / 2 bath / 1,993 sqft
  • Full roof replacement completed in 2021
  • FEMA Zone X, outside the Special Flood Hazard Area
  • Zoned to Conroe ISD

Stabilized income from closing with no initial lease-up requirement. Detailed operating history and financial package available. Seller will reasonably cooperate with a buyer’s qualified intermediary and 1031 exchange documentation at no additional cost or liability to seller.

Suitable for buy-and-hold, portfolio, DSCR, or 1031 replacement buyers.

Please reply through BiggerPockets or view my Community Listing for additional details. Tenant occupied—do not disturb.

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