18202 Washington Palm Drive Penitas, TX 78576
Fully occupied 6-plex generating $4,500 monthly income.
Property Features for 18202 Washington Palm Drive
General Information
- Standard status
- Active
- Size
- 4,536 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2004
Listing office Dean & Co. Realty
Listing date Oct 4, 2024
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of Dean & Co. Realty
Investment Insights
Based on property information with market context.
Key Highlights
- Generates $4,500 of monthly income.
- Fully occupied 6‑plex.
- New roof.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $75.1k | $16.56 |
| − Vacancy | −$8.7k | −$1.92 |
| EGI | $66.4k | $14.64 |
| − OpEx | −$29.9k | −$6.59 |
| NOI | $36.5k | $8.05 |
