DFW Special Package of 3 Duplexes and 1 Tri-plex – All Rented

Dallas-Fort Worth,
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Overview

  • Updated On:
  • November 16, 2021

Property Description

Read First

  • The information listed below is based on public info + info provided by the seller’s agent
  • Simply Do It’s team has not been to the site/s yet.
  • As always w/ such package – info provider or info obtained online is not 100% accurate
  • Located 45 mins NW to downtown Dallas and approx. 35 mins. N. to downtown Ft. Worth – excellent location within the metro.  
  • Pricing is per building/property. 
  • OUR GOAL IS TO GROUP MULTIPLE INVESTORS AND BUY ALL 12 DUPLEXES AND OFFER A MORE AGGRESSIVE OFFER (AIMING TO LOWER $300K LESS THAN ASKING)
    • The analysis is done based on ASKING’s price.

 

About this opportunity

  • 3 BUILDINGS BUILT IN 2018, 1 BUILDING BUILT IN 1986.
  • LOCATED 2 BLOCKS FROM UNT CAMPUS
  • 9 UNITS CONSISTING OF:
    • TWO 5 BED 4 BATH UNITS
    • TWO 4 BED 3 BATH UNITS
    • TWO 2 BED 1.5 BATH UNITS
    • THREE 2 BED 1 BATH UNITS
    • GARAGE AND CARPORT SPACES AVAILABLE
  • LIST PRICE $2,500,000 for the entire package
  • Big university/college town
  • Location is very walkable to local city amenities (hard to find such locations in DFW)
  • In the analysis we use the HOA filed for utilities expenses (there is no HOA)

The following questions were sent to the seller – we are still waiting on answers:

  1. Do you have seller disclosures?
  2. Do you have a list of known repairs, known issues, major issues?
  3. Do you have a list of improvements made and when?
  4. Any known issues w/ any of the tenants?
  5. Is it owner-managed or professionally managed?
  6. Are there signed leases for each occupied unit?
  7. Are there security deposits for each occupied unit?

 

Buying Preference

  • Priority will be given to a buyer/s who will buy multiple duplexes.

 

Next Steps

  1. Active Simply Do It’s investors – text/email for more info such as an address, full analysis, and questions.
  2. Non-active investors – email/call.text with questions about this opportunity and to find out what you need to do to join the Simply Do It program and benefit from this and many other opportunities. 

 

Pricing

Build. Unit Beds Baths Sq. Ft Rent / mo Market Rent Exp. Security Dep.   Year Asking Ask/ door Suggested Offer Offer/
door
04 A 2 1.5 1,186 $1,325 $1,500 8/31/21 $1,325
04 B 2 1.5 1,186 $1,295 $1,500 8/31/21 $500
2 4 3 2,372 $2,620 $3,000 $1,825 1986 $490,164 $245,082 $420,000 $140,000
08 B 4 3 1,920 $2,100 $2,300 11/30/21 $2,350
08 A 2 1 742 $1,450 $1,450 4/30/22 $2,175
2 6 4 2,662 $3,550 $3,750 $4,525 2018 $550,091 $275,045 $520,000 $130,000
10 100 5 4 1,830 $2,695 $2,700 8/31/22 $2,595
10 102 2 1 742 $1,550 $1,450 7/31/22 $1,550
10 104 5 4 1,830 $2,345 $2,700 12/31/22 $2,845
3 12 9 4,402 $6,590 $6,850 $6,990 2018 $909,654 $303,218 $890,000 $98,889
14 100 4 3 1,920 $2,695 $2,300 5/31/22 $2,495
14 100 2 1 742 $1,475 $1,450 8/31/22 $1,495
2 6 4 2,662 $4,170 $3,750 $3,990 2018 $550,091 $275,045 $530,000 $132,500

* Pricing is calculated based on sq ft

 

 

Analysis for Building #1 – 4/3

Purchase Assumptions My Offer Per Door
Asking $490,164 $245,082
Suggested offer (options) $420,000 $210,000
 Market Value (after improvements) $490,164 $245,082
 Improvements (lower) $6,500
 Improvements (upper) $8,500
 Closing Costs $2,000
 Mortgage Costs $2,000

 

Financing Assumptions  
 Down Payment (%) 25%
 Down Payment Amount $105,000
 Financed Amount $315,000
 Interest Rate 3.40%
 Mortgage Term (Years) 30
 Monthly Mortgage Payment $1,397
 Cash Outlay (Total Out of Pocket) $116,500

 

Monthly Yearly
Rent (upper) $2,810 $3,000 $36,000
Rent (lower) $2,620 $31,440
 Property Tax Rate (Approx.) 2.00%
 Property Taxes $390 $4,680
 Insurance $135 $1,623
 Repairs $140 $1,680
Variable-Cost PM 8.0%
Property Management Fee $200 $2,400
 Leasing Fee 80% $93.7 $1,124
 HOA $50 $600
 Vacancy Rate 4.0%
 Total Fixed Expenses $1,113 $13,360
 Total Expenses (Fixed + Mortgage) $2,510 $30,123

 

Financial Analysis / Deal Attractiveness
Years: 5 10
 Cap Rate 3.8% 4.7%
 Net Cash Flow $22,137 $55,303
 Equity Increase $139,138 $307,378
 Total Gain $161,275 $362,681
 Average Cash Flow/Year $4,427 $5,530
 Average Cash Flow/Month $369 $461
 Average Gain/Year $32,255 $36,268
 Average ROI 138.4% 311.3%
 Annual ROI 27.7% 31.1%
 Projected Property Value $596,359 $725,562

 

 

Analysis for Building #2 – 6/4

Purchase Assumptions My Offer Per Door
Asking $550,091 $275,046
Suggested offer (options) $520,000 $260,000
 Market Value (after improvements) $550,091 $275,046
 Improvements (lower) $2,500
 Improvements (upper) $4,500 $3,500
 Closing Costs $3,500
 Mortgage Costs $3,500

Financing Assumptions  
 Down Payment (%) 25%
 Down Payment Amount $130,000
 Financed Amount $390,000
 Interest Rate 3.40%
 Mortgage Term (Years) 30
 Monthly Mortgage Payment $1,730
 Cash Outlay (Total Out of Pocket) $140,500

 

Monthly Yearly
Rent (upper) $3,650 $3,750 $45,000
Rent (lower) $3,550 $42,600
 Property Tax Rate (Approx.) 2.00%
 Property Taxes $660 $7,920
 Insurance $150 $1,800
 Repairs $165 $1,980
Variable-Cost PM 8.0%
Property Management Fee $200 $2,400
 Leasing Fee 80% $121.7 $1,460
 HOA $50 $600
 Vacancy Rate 4.0%
 Total Fixed Expenses $1,485 $17,816
 Total Expenses (Fixed + Mortgage) $3,214 $38,571

 

Financial Analysis / Deal Attractiveness
Years: 5 10
 Cap Rate 4.5% 5.5%
 Net Cash Flow $31,447 $76,968
 Equity Increase $159,965 $353,296
 Total Gain $191,412 $430,264
 Average Cash Flow/Year $6,289 $7,697
 Average Cash Flow/Month $524 $641
 Average Gain/Year $38,282 $43,026
 Average ROI 136.2% 306.2%
 Annual ROI 27.2% 30.6%
 Projected Property Value $669,270 $814,269

 

 

Analysis for Building #3 – 12/9

Purchase Assumptions My Offer Multi
Asking $909,654 $303,218
Suggested offer (options) $890,000 $296,667
 Market Value (after improvements) $909,654 $303,218
 Improvements (lower) $6,500
 Improvements (upper) $8,500 $7,500
 Closing Costs $2,000
 Mortgage Costs $2,000

 

Financing Assumptions  
 Down Payment (%) 25%
 Down Payment Amount $222,500
 Financed Amount $667,500
 Interest Rate 3.40%
 Mortgage Term (Years) 30
 Monthly Mortgage Payment $2,960
 Cash Outlay (Total Out of Pocket) $234,000

 

Monthly Yearly
Rent (upper) $6,725 $6,850 $82,200
Rent (lower) $6,600 $79,200
 Property Tax Rate (Approx.) 2.00%
 Property Taxes $1,115 $13,380
 Insurance $180 $2,160
 Repairs $120 $1,440
Variable-Cost PM 8.0%
Property Management Fee $300 $3,600
 Leasing Fee 80% $224.2 $2,690
 HOA $75 $900
 Vacancy Rate 4.0%
 Total Fixed Expenses $2,271 $27,254
 Total Expenses (Fixed + Mortgage) $5,231 $62,777

 

Financial Analysis / Deal Attractiveness
Years: 5 10
 Cap Rate 8.6% 9.8%
 Net Cash Flow $100,521 $229,990
 Equity Increase $266,885 $589,384
 Total Gain $367,406 $819,375
 Average Cash Flow/Year $20,104 $22,999
 Average Cash Flow/Month $1,675 $1,917
 Average Gain/Year $73,481 $81,937
 Average ROI 157.0% 350.2%
 Annual ROI 31.4% 35.0%
 Projected Property Value $1,106,733 $1,346,510

 

 

Analysis for Building #4 – 6/4

Purchase Assumptions My Offer Multi
Asking $550,091 $275,046
Suggested offer (options) $530,000 $265,000
 Market Value (after improvements) $550,091 $275,046
 Improvements (lower) $6,500
 Improvements (upper) $8,500 $7,500
 Closing Costs $2,000
 Mortgage Costs $2,000

 

Financing Assumptions  
 Down Payment (%) 25%
 Down Payment Amount $132,500
 Financed Amount $397,500
 Interest Rate 3.40%
 Mortgage Term (Years) 30
 Monthly Mortgage Payment $1,763
 Cash Outlay (Total Out of Pocket) $144,000

 

Monthly Yearly
Rent (upper) $3,975 $4,200 $50,400
Rent (lower) $3,750 $45,000
 Property Tax Rate (Approx.) 2.00%
 Property Taxes $700 $8,400
 Insurance $150 $1,800
 Repairs $100 $1,200
Variable-Cost PM 8.0%
Property Management Fee $200 $2,400
 Leasing Fee 80% $132.5 $1,590
 HOA $90 $1,080
 Vacancy Rate 4.0%
 Total Fixed Expenses $1,524 $18,282
 Total Expenses (Fixed + Mortgage) $3,286 $39,436

 

Financial Analysis / Deal Attractiveness
Years: 5 10
 Cap Rate 6.6% 7.7%
 Net Cash Flow $47,322 $110,578
 Equity Increase $160,749 $355,010
 Total Gain $208,071 $465,588
 Average Cash Flow/Year $9,464 $11,058
 Average Cash Flow/Month $789 $921
 Average Gain/Year $41,614 $46,559
 Average ROI 144.5% 323.3%
 Annual ROI 28.9% 32.3%
 Projected Property Value $669,270 $814,269

 

 

FAQ

  • How much is the HOA?
    • No HOA
  • Can I buy with a mortgage?
    • Yes, and we have preferred lenders for you to use if you wish.
  • Do you have a local property manager we can use?
    • Yes, we sure do.
  • Can I buy cash?
    • Yes, of course.
  • Can I buy more than 1 property?
    • Yes.
  • Is there a way for me to buy all and get financing for all of them under 1 mortgage?
    • Generally speaking yes, and we have a lender who may be able to do it.

 

 

 

 

Disclaimer

Information contained herein was obtained from sources deemed reliable, however, Simply Do It and/or the owner(s) of the property make no guarantees, warranties or representation as to the completeness or accuracy thereof. The presentation of the property is offered subject to errors, omissions, changes in price and/or terms, prior sale or lease or removal from the market for any reason without notice.

The analysis is provided “As Is”. All the information is believed to be accurate (except for the small effects of some simplifying assumptions), but is not guaranteed, and depends on the values entered for the property. This analysis is intended for the purpose of illustrative projections. The information provided is not intended to replace or substitute for any legal, accounting, investment, real estate, tax, or other professional advice, consultation, or service. Simply Do It and/or the owner(s) are not responsible nor liable for any damages arising from the use of the analysis info.

 

 

Address: Dallas-Fort Worth
State/County:
Zip: 76201
Country: United States
Open In Google Maps
Property Id : 38929
walkscore72 / Very Walkable more details here

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