This single-family home (SFH) was built 2007 with 3-bedrooms, 3.5-bathrooms and is located in the Heights in Houston, TX. As each bedroom has its own bathroom, this rental asset typically attracts young professionals in their 20s who room together to save on rent vs. renting apartments. The tenant base in this area is Class A. Renters do turn over every year or two. The asset was not renovated over the hold period.

For this Business case, we have used actuals numbers, which are not optimized as the house hack was based on only renting one bedroom out of the two rentable bedrooms. Owner rent was included as if he was renting out a room.