927 Roper St — Off-Market Investment | Tomie Group
Off-Market Investment Opportunity — Houston, TX

927 Roper Street

Houston, TX 77034  ·  PadSplit Co-Living
Already Converted. Already Operating.
Priced for the Next Investor.
Motivated Seller 8 Bed / 2 Bath 1,740–1,840 SF Renovated 2021 2025 Platform-Documented Income
Asking Price
$240,000
Lot: 6,900 SF
Platform: PadSplit Co-Living Operations
Co-Living Conversion: 2024 (incl. Hardy exterior siding)
Offer: TREC One-to-Four Family Residential Contract Only
$52,101
2025 Gross (Platform-Documented)
$43,535
2025 Net to Owner
$61,932
Stabilized GPI
7.0%
Stabilized CoC
$18,859
YTD 2026 Jan–Apr Gross
21%
Gross Yield on Ask
Already Converted. Already Operating.
Priced for the Next Investor.
This is not a theoretical co-living conversion. The work has been done. The income history exists. The operating structure is already in place.
"You are buying into documented upside, not a projection."

Self-qualify in 60 seconds.

Best Fit For
  • Cash-flow investors
  • DSCR buyers
  • PadSplit / co-living operators
  • Investors seeking documented income history
  • Buyers comfortable with room-rental operations
Why Review This Deal
  • 2025 platform-documented income history available
  • Recent 2026 performance data available
  • Co-living conversion already completed
  • Existing PadSplit operating structure in place
  • Seller is motivated and seeking a clean sale

Not a projection. A track record.

Most rental listings are sold on projected rent. This property has already operated as a co-living asset, produced documented income, and has an established room-by-room rental structure. The next buyer is not starting from a blank slate. You are reviewing an income-producing asset with historical performance, platform history, and operational upside. The conversion — completed in 2024 and including Hardy exterior siding — has already happened. The income has already been earned and recorded. 2025 proved the model. January through March 2026 showed continued income strength. April 2026 should be reviewed in connection with current room turnover and relisting activity. Together, the historical and recent data give investors a clearer view of both the asset's income capacity and its current operating status.

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Capital Work Already Done
Major capital improvements were completed in 2021, reducing the immediate renovation burden for the next owner.
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Platform Already in Use
PadSplit co-living operations are already active. The 2024 conversion — including Hardy exterior siding — is complete and the resident management structure is established.
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Full Year 2025 Income on Record
12 months of platform-documented rent history available upon executed contract. Not a projection — a record.
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Continued 2026 Income Activity
January through March 2026 each produced more than $5,100 in gross collections, continuing the co-living income history into the current year.

Buyer diligence starts from a stronger position.

Before reviewing the full package, here is what has already been completed, implemented, or documented.

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Renovation Completed in 2021Major capital improvements completed prior to co-living conversion.
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4-to-8 Bed Conversion Complete (2024)4-bed to 8-bed conversion completed in 2024, including Hardy exterior siding installation, reducing the buyer's conversion and exterior maintenance burden.
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PadSplit Co-Living Operations ActiveResident management, rent collection, and co-living operations already in motion.
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2025 Income History on RecordFull platform-documented rent roll available for review upon executed contract.
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2026 Recent Performance AvailableJan–Mar 2026 each exceeded $5,100 gross. April reflects current turnover activity to be verified.
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Seller Priced for a Clean SaleSeller is motivated following a prior offer that did not close. Seeking a straightforward transaction.
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DSCR Financing May Be AvailableLenders familiar with co-living income may be available upon request, subject to buyer qualification and lender approval.
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Lease Assignment Intended at ClosingSeller intends to assign PadSplit leases at closing, subject to contract terms, platform requirements, and buyer verification.

Four reasons investors say yes.

01
2025 Platform-Documented Income
Full year 2025 platform-documented rent roll available upon executed contract. Based on seller-provided information, the property operated at full occupancy during the 2025 income period, producing $52,101 in gross collections.
02
Co-Living Operations in Place
The PadSplit co-living platform supports resident screening, rent collection, and operational management — creating a more systemized ownership experience. Buyer should review platform terms and requirements independently.
03
21% Gross Yield on Ask
Stabilized GPI of $61,932 on a $240K acquisition. Room-by-room co-living pricing may generate significantly higher yield than a comparable single-tenant rental in the same submarket, subject to occupancy and market conditions.
04
DSCR Financing Conversations Available
Lenders with co-living experience may be available upon request, subject to buyer qualification and lender approval. Cash offers also welcome. Broker can facilitate financing introductions on request.

Full-year 2025 — the proof period.

2025 represents the property's historical operating proof period. Based on seller-provided and platform-documented information, the property produced $52,101 in gross rent collected during 2025. The seller has indicated the property operated at full occupancy during the 2025 income period. Buyer should independently verify all income figures, occupancy records, and platform data during due diligence.

2025 Actual — Seller-Provided & Platform-Documented
Gross Rent Collected$52,101
PadSplit Platform Fees($8,566)
Operating Expenses($15,503)
Net Operating Income (2025)$28,032
Stabilized Projection — 95% Occupancy Assumption
Effective Gross Income$58,835
Total Operating Expenses($24,070)
Debt Service (illustrative)($17,964)
Projected Annual Cash Flow$16,801
Projected Monthly Cash Flow (Stabilized)
Cash-on-Cash: ~7.0%  ·  Gross Yield: ~21%  ·  Stabilized NOI: ~$34,765  ·  All figures are projections, not guarantees
~$1,400/mo
2025 Monthly Gross Collections — Seller-Provided & Platform-Documented
Full Year Total: $52,101
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Important: Financial figures are provided for informational purposes only and are based on seller-provided records, platform data, and stated assumptions. Buyer should independently verify all income, expenses, occupancy, financing terms, zoning, use, lease assignments, platform requirements, and operating conditions before closing. Seller and broker make no guarantee of future income, occupancy, cash flow, financing approval, lease transferability, platform approval, or investment performance.

Recent 2026 performance snapshot.

January through March 2026 each produced more than $5,100 in total collections, supporting the continued operating history of the co-living model. April 2026 reflects a lower recent month and should be reviewed in connection with current room status, turnover, vacancy, and relisting activity. All figures are seller-provided and platform-documented. Buyer should independently verify.

Month Total Collections Platform Fees Total Payout Notes
January 2026 $5,104.00 ($408.32) $4,695.68 Strong operating month
February 2026 $5,171.00 ($413.68) $4,757.32 Strong operating month
March 2026 $5,184.00 ($414.72) $4,769.28 Strong operating month
April 2026 $3,400.00 ($272.00) $3,128.00 Lower recent month — buyer should verify room status, vacancy, and turnover details
YTD Jan–Apr 2026 $18,859.00 ($1,508.72) $17,350.28 Recent platform-documented performance

2026 figures are based on seller-provided and platform-documented information. Buyer should independently verify all 2026 collections, fees, room status, vacancy, lease terms, and operating conditions. April 2026 reflects a lower recent month that should be reviewed in connection with current turnover and relisting activity.

Occupancy — what the data says.

Historical occupancy (2025): The property operated at full occupancy during the 2025 income period, according to seller-provided information. This is reflected in the $52,101 gross annual collection shown in the income history above.

Current occupancy (as of most recent update): Current occupancy may vary due to normal room turnover. As of the most recent information provided, one room was recently vacant, in turnover, or actively relisting. The lower April 2026 collections reflect this current activity. Buyer should verify current room status, lease terms, rent roll, platform records, and occupancy before closing. Information provided here reflects seller-reported and platform-documented status and may not reflect conditions at time of closing.

What you are buying.

Address
927 Roper St, Houston, TX 77034
Property Type
8-Bed / 2-Bath Co-Living
Year Built / Renovated
1955 / 2021
Living Area
1,740 – 1,840 SF
Lot Size
6,900 SF
Platform
PadSplit Co-Living Operations
Converted to Co-Living
2024 — Includes Hardy Exterior Siding
Offer Requirements
TREC One-to-Four Family Residential Contract Only
1
Occupied
2
Turnover
3
Occupied
4
Occupied
5
Occupied
6
Occupied
7
Occupied
8
Relisting

Room status reflects the most recent information provided and may differ from the 2025 historical occupancy period. One room is actively relisting, with historical lease-up activity supporting a strong occupancy outlook. Buyer should verify current room status, lease terms, rent roll, and PadSplit platform records during due diligence.

Floor plan for 927 Roper Street Houston co-living investment property

Floor plan shown reflects the 8-bedroom co-living layout following the 2024 conversion. Buyer should independently verify all room dimensions, layout details, and square footage during due diligence.

Room-by-room income breakdown.

Room Tier Sq Ft Weekly Rent Monthly Rent Annual Rent Status
1 Standard 115 $142 $615 $7,384 Occupied
2 Compact 105 $139 $602 $7,228 Occupied
3 Compact 101 $159 $689 $8,268 Occupied
4 Standard 122 $142 $615 $7,384 Occupied
5 Standard 114 $142 $615 $7,384 Occupied
6 Standard 109 $159 $689 $8,268 Occupied
7 Premium 128 $149 $646 $7,748 Occupied
8 Premium Primary 177 $159 $689 $8,268 Relisting
Total (Stabilized — 8 Rooms) $5,161/mo $61,932/yr

Rent schedule reflects seller-provided room pricing. Full rent roll available upon executed contract. Buyer should verify current room status, lease terms, and platform records during due diligence.

Current pricing reflects the seller's motivation.

The seller is motivated. A prior offer did not close.

The property is being offered at a price intended to attract a serious buyer who can move efficiently, review the available documentation, and submit a clean offer. Investors waiting for a fully polished, fully occupied version of this asset may be competing at a different price point later. The opportunity to acquire an already-converted, already-operating co-living asset with documented income history — at this price point — is time-sensitive by nature.

Previous offer fell through — seller is ready to close. You are buying into documented upside, not a projection.
Request Offer Package →

What makes a strong offer.

Seller is seeking a clean, efficient transaction. The following elements typically support a stronger offer review.

Clean TREC One-to-Four Family Residential Contract
Proof of funds or lender approval letter
Reasonable option period with clear timeline
Clear proposed closing date
Limited seller concession requests
Buyer has reviewed available photos and deal overview
Buyer understands financials and rent roll may be released upon executed contract

We make it easy to move forward.

01
Submit using the TREC One-to-Four Family Residential Contract. We cannot negotiate via text, phone, or LOI — but we will assist in preparing your offer at no additional cost to the buyer.
02
Full rent roll and financials may be released upon executed contract. Current and pre-conversion photos are available via the links in the Documentation section below.
03
Seller intends to assign all existing PadSplit leases at closing, subject to contract terms, platform requirements, and buyer verification. Buyer should confirm all lease and assignment terms through due diligence.
04
Need financing help? DSCR lenders familiar with co-living income may be available upon request, subject to buyer qualification and lender approval.

Investor FAQ.

Q
Is this property currently occupied?
According to seller-provided information, the property operated at full occupancy during the 2025 income period. Current occupancy may vary due to normal room turnover. As of the most recent update, one room was recently vacant, in turnover, or actively relisting. Buyer should verify current room status before closing.
Q
Are the financials available to review?
Summary figures are provided on this page for initial review. A full rent roll and detailed financial records may be released upon executed contract. All figures are seller-provided and platform-documented. Buyer should independently verify all income, expenses, and occupancy before closing.
Q
Can this property be financed?
Cash offers are welcome. DSCR financing may be possible through lenders familiar with co-living income, subject to buyer qualification and lender approval. Broker can provide lender referrals upon request. Seller and broker make no guarantee of financing availability or approval.
Q
Are the existing leases assigned at closing?
The seller intends to assign existing PadSplit leases at closing, subject to contract terms, platform requirements, and buyer verification. Buyer should confirm all lease, platform, and assignment requirements through independent due diligence prior to closing.
Q
Can I tour the property?
Access should be coordinated in a way that respects current occupants. Serious buyers should request the offer package and available showing instructions by contacting the listing agent directly.
Q
What is the offer process?
All offers must be submitted using the TREC One-to-Four Family Residential Contract. The listing agent is available to assist qualified buyers in preparing and presenting an offer. Contact JT at tomie@epique.me or 832-387-4027.
Q
What does April 2026 reflect?
April 2026 collections of $3,400 reflect a lower recent month compared to January through March 2026. This may be connected to current room turnover and relisting activity. Buyer should review current room status, vacancy details, and relisting timeline as part of due diligence.

What you receive when you request the offer package.

Ready to review the deal? Request the investor offer package to receive the available property details, photo links, offer instructions, and next-step guidance. Serious buyers may submit offers using the TREC One-to-Four Family Residential Contract.

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Offer instructions
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Available rent roll summary
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Current property photos
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Pre-conversion photos
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Property details & disclosures
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PadSplit operating notes
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Disclosure links
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Seller's preferred offer terms

Photos & files.

Photo and file links may include current photos, pre-conversion photos, floor plans, video, and supporting documentation. Buyer should independently verify all property information during due diligence.

Interested in the Deal?
Request the Offer Package.
Ready to review the deal? Request the investor offer package to receive the available property details, photo links, offer instructions, and next-step guidance. Serious buyers may submit offers using the TREC One-to-Four Family Residential Contract.
Juniat Thomas · Tomie Group · Epique Realty, LLC · Exclusively Representing the Seller

To receive the Investor Offer Package, please include your name, phone number, buying entity if applicable, purchase method, and proof of funds or lender approval status.

Ask a Deal Question →

Financial figures are provided for informational purposes only and are based on seller-provided records, platform data, and stated assumptions. Buyer should independently verify all income, expenses, occupancy, financing terms, zoning, use, lease assignments, platform requirements, and operating conditions before closing. Seller and broker make no guarantee of future income, occupancy, cash flow, financing approval, lease transferability, platform approval, or investment performance.