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1805 N Peach Creek Dr 2 Unit Apartment Building $599,000 ($299,500/Unit) 5.28% Cap Rate Dayton, TX 77535
Executive Summary
Prime investment opportunity in the Houston MSA with positive cash flow on newly built Class-A duplexes at River Ranch in Dayton, Texas. These luxury properties are located in a highly sought-after master-planned community. that offers resort-style living with world-class amenities, including Angel Lagoon, a swim-up bar, rentable cabanas, on-site restaurants and food trucks, and a fitness and recreational center. This turnkey duplex features two spacious 1,596 SF, 3-bed/2.5-bath units with 2-car garages, fenced yards, and covered patios. Interiors boast granite countertops, tile backsplash, LVT flooring, and recessed lighting. Unit B is already leased to a long-term tenant at $2,515/mo. Located 40 minutes from Downtown Houston, 7 miles from US90 and 99, and 25 minutes from Houston Methodist Baytown, the community benefits from strong tenant demand driven by good schools, major healthcare (Eli Lilly building 6.5B facility), and retail. Ask about 4.25% financing through the preferred lender.
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$56,400
|
$17.67
|
| Other Income |
$1,800
|
$0.56
|
| Vacancy Loss |
$1,746
|
$0.55
|
| Effective Gross Income |
$56,454
|
$17.69
|
| Taxes |
$15,414
|
$4.83
|
| Operating Expenses |
$9,417
|
$2.95
|
| Total Expenses |
$24,831
|
$7.78
|
| Net Operating Income |
$31,623
|
$9.91
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $56,400 |
| Annual Per SF | $17.67 |
| Other Income | |
|---|---|
| Annual | $1,800 |
| Annual Per SF | $0.56 |
| Vacancy Loss | |
|---|---|
| Annual | $1,746 |
| Annual Per SF | $0.55 |
| Effective Gross Income | |
|---|---|
| Annual | $56,454 |
| Annual Per SF | $17.69 |
| Taxes | |
|---|---|
| Annual | $15,414 |
| Annual Per SF | $4.83 |
| Operating Expenses | |
|---|---|
| Annual | $9,417 |
| Annual Per SF | $2.95 |
| Total Expenses | |
|---|---|
| Annual | $24,831 |
| Annual Per SF | $7.78 |
| Net Operating Income | |
|---|---|
| Annual | $31,623 |
| Annual Per SF | $9.91 |
Property Facts
| Price | $599,000 | Apartment Style | Single-Family Home |
| Price Per Unit | $299,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 5.28% | Building Size | 3,192 SF |
| Gross Rent Multiplier | 10.66 | Average Occupancy | 50% |
| No. Units | 2 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2025 |
| Property Subtype | Apartment | Parking Ratio | 1.25/1,000 SF |
| Price | $599,000 |
| Price Per Unit | $299,500 |
| Sale Type | Investment |
| Cap Rate | 5.28% |
| Gross Rent Multiplier | 10.66 |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 3,192 SF |
| Average Occupancy | 50% |
| No. Stories | 2 |
| Year Built | 2025 |
| Parking Ratio | 1.25/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2.5 | 2 | $2,350 | 1,650 |
1 1
Not walkable
10/100
Exceptionally drivable
100/100
Property Taxes
| Parcel Number | 000805-000019-000 | Total Assessment | $13,800 (2025) |
| Land Assessment | $13,800 (2025) | Annual Taxes | $15,414 ($4.83/SF) |
| Improvements Assessment | $0 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
000805-000019-000
Land Assessment
$13,800 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$13,800 (2025)
Annual Taxes
$15,414 ($4.83/SF)
Tax Year
2026
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1805 N Peach Creek Dr