Houston Turnkey Airbnb Investment
For Sale
$1,400,000
2413 Isabella Street, Houston, TX 77004
Fully furnished home near Texas Medical Center, downtown, and universities.
Property Size3,810 SF
Days on Market155
Property Features for 2413 Isabella Street
General Information
Standard status
Active
Size
3,810 SF
Property subtype
Multi Family,Duplex
Taxes and HOA fees
Annual Taxes
$13,441
Building Details
Building Size
3,810 SF
Year Built
1930
Listing Agency:
Eastwood Realty
Listed By:
Loren Miner · License #688074
(626) 826-5906
Source:
Mpowerrealtygroup
Added: Apr 15
Changed: Sep 7
Last Checked: Sep 15 at 9:08AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Eastwood Realty
Investment Insights
Based on property information with market context.
This fully furnished home is a turnkey Airbnb investment property located in a charming and accessible Houston neighborhood. The property is designed to attract short-term renters seeking proximity to the Texas Medical Center, downtown, and major universities. The home features contemporary finishes and inviting living spaces, with a flexible layout suitable for families, groups, or extended stays. The property's location provides convenient access to major highways, popular dining, entertainment, and cultural attractions. The property has a bike score of 82, indicating it is very bikeable, a walk score of 78, indicating it is very walkable, and a transit score of 49, indicating some transit options are available. The property's strong rental performance and consistent occupancy make it a potentially valuable addition to an investor’s portfolio, offering cash flow potential.
Key Highlights
- Turnkey Airbnb investment property.
- Fully furnished with modern style.
- Strong rental performance and consistent occupancy.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$43,164
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.08%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$863,280
$863.3K
Cap Rate 7%
$616,629
$616.6K
Cap Rate 9%
$479,600
$479.6K
Market Conditions
NOI Build-Up for 3,810 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$83.7K $21.96/SF
− Vacancy
−$5.2K −$1.36/SF
EGI
$78.5K $20.60/SF
− OpEx
−$35.3K −$9.27/SF
NOI
$43.2K $11.33/SF
Area
Houston, TX
Vacancy
6.20%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$863,280
Cap Rate 7%
$616,629
Cap Rate 9%
$479,600
Alternative Uses
Best Use
Apartment 5plus
$616.6K
$539.6K – $719.4K
NOI $43,164 @ 7.0% cap · market cap 3.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$979.7K
$857.3K – $1.14M
NOI $68,580 @ 7.0% cap · market cap 4.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,606
Businesses Nearby
Explore this area
Business Placement
Demographics for 77004, TX
37,005
Population
18,321
Households
2
Avg Household Size
31
Median Age
57%
College-Educated
96%
High-School Grad
5.2 sq mi
ZIP Area
7,116
Density / Sq Mi
$65,901
Median Household Income
$55,909
Median Earnings
$1,320
Median Rent
$384,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Short term rental property - Fully furnished home near Texas Medical Center, downtown, and universities.
Where is this short term rental property located?
The property is located at 2413 Isabella Street Houston, TX.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Turnkey Airbnb investment property.; Fully furnished with modern style.; Strong rental performance and consistent occupancy.
