$475,000
2306 Langley Rd, Houston, TX 77093
Current Rent **
N/A
Projected Rent **
$4,500
New Construction Houston Duplex | Airbnb + LTR Upside
🏗️ PROPERTY DETAILS
• Property Type: Multifamily (Duplex)
• Subtype: 2–4 Units
• Listing Type: For Sale
• Year Built: 2026 (New Construction)
• Units: 2
• Building Size: 2,970 SF
• Lot Size: ~3,900 SF
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📌 EXECUTIVE SUMMARY
This duplex presents a strong hybrid investment opportunity in Houston, allowing investors to generate stable long-term rental income while also capturing higher upside through short-term rentals. With solid rent projections and favorable expense assumptions, the property offers a balanced mix of cash flow and appreciation potential.
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💵 INCOME POTENTIAL
🟢 Long-Term Rental Strategy
• Monthly Rent (per unit): $2,250
• Total Monthly Income: $4,500
• Annual Gross Income: $54,000
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📊 OPERATING EXPENSES
Property Tax Calculation:
• Property Taxes: $9,500/year
• Insurance (est.): $2,500/year
• Maintenance (8%): $4,320
• Vacancy (5%): $2,700
• Property Management (8%): $4,320
👉 Total Expenses: $23,340/year
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🟢 NET OPERATING INCOME (NOI)
👉 NOI: $30,660/year
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📈 PROJECTED RETURNS
• Cap Rate: 6.45%
• GRM (Gross Rent Multiplier): 8.80
• Price per Unit: $237,500
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⭐ INVESTMENT HIGHLIGHTS
• Strong rental area in Houston with consistent tenant demand
• Duplex setup reduces vacancy risk (two income streams)
• Solid 6%+ cap rate with upside potential
• Opportunity to increase rents or optimize operations
• Hybrid STR/LTR flexibility
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🚀 INVESTMENT EDGE
• Ability to house hack or mix rental strategies
• Airbnb upside significantly boosts returns vs traditional renting
• Scalable model for portfolio growth
• Favorable Texas landlord laws and no state income tax
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🏡 SHORT-TERM RENTAL (AIRBNB) STRATEGY
💲 Projected Nightly Rate:
Up to $150 per night (per unit)
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🏢 Full Duplex Potential (2 Units Combined)
• Conservative (50% Occupancy)
• Monthly Revenue: ~$4,500
• Annual Revenue: ~$54,000
• Moderate (65% Occupancy)
• Monthly Revenue: ~$5,850
• Annual Revenue: ~$70,200
• High Performance (75% Occupancy)
• Monthly Revenue: ~$6,750
• Annual Revenue: ~$81,000
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⭐ WHY THIS WORKS FOR AIRBNB
• Affordable nightly rate sweet spot for Houston travelers
• Dual-unit flexibility = higher booking availability
• Strong demand from workforce, medical, and short-term visitors
• Higher cash flow potential vs long-term renting
• Ability to pivot strategies based on market conditions
Wale Lawal
Real Estate Broker & Advisor
The Networth Builders Team
Brokered By: LPT Realty
Cell: 832-776-9582
Email: [email protected]
Location:
2306 Langley Rd, Houston, TX 77093
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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.
** Current rent and projected rent are provided by the lister.
† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.
‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.
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