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Rented: 3 Triplexes & 1 Duplex Central location in Metro DFW

$ 300,000
Dallas Fort Worth, ,
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Rented
SOLD

Available Units

Beautiful Split Foyer Home with Oversized Back Deck Overlooking the Yard
Category: ,
Rooms: 9,
Bedrooms: 4,
Baths: 2.5,
Size: 1,558.00 ft2

Overview

  • Updated On:
  • September 11, 2021

Property Description

  • The DFW (Dallas-Ft.-Worth) metro had been a very hot real estate metro in the last year.
  • In recent months Simply Do It had suggested on a number of occasions to NOT make offers – primarily on SFHs.
  • Our main competition, homeowners, are making almost ZERO contingencies, creating a difficult environment for the offers we’d like you to submit.
  • Arlington is centrally located between Dallas and Ft Worth – we pretty much like everything in Arlington – it is the “middle” of the metro
  • Properties are 35 minutes from Dallas and 20 minutes from Ft. Worth
 
Finding a cash-flowing property in DFW in a good area/location, for $150,000 (per door) or less is rare these days.
Cash Flows vary per building but are between 2400 to 5100 per year with the potential of increasing by $200 to $450 per month

Next steps

  1. Interested? let me know I will connect you w/ the local team.
  2. Have questions? send it to me or we can loop in the local team.
  3. You can buy 1 building, 2 building or more.
  • The analysis Excel represents the CURRENT rents (except one unit that is vacant).
  • Market rents are about $100-$150 per month higher per unit.
  • Each Building is one title/one mortgage
  • All buildings are 1970-1972 built
 

Asking price:

  • Triplex: $400K ($133,500 per door)
  • Duplex: $300K ($150,000 per door)
 
Building Unit Number Monthly Rent Beds Baths
47 1 $750 1 1
47 2 $1,200 2 2
47 3 $1,250 2 2
$3,200 5 5
Building Unit Number Monthly Rent Beds Baths
33 1 $1,025 2 2
2 $1,025 2 2
3 $1,200 2 2
$3,250 6 6
Building Unit Number Monthly Rent Beds Baths
25 1 $1,300 2 2
2 $1,000 2 2
3 $1,200 2 2
$3,500 6 6
Building Unit Number Monthly Rent Beds Baths
43 1 $1,150 3 2
2* $1,200 3 2
$2,350 6 4
currently vacant

 

Specifications
Type Triplex Triplex Triplex Duplex
Building # 25 33 43 47
Bedrooms 6 6 6 5
Bathrooms 4.5 4.5 4 4
Square Feet 3404 3404 2798 3128
Year Built 1972 1972 1970 1970
Garage Size 2 2 2 2
Schools Rating (on scale of 0-10) B B B B
Purchase Assumptions
Purchase Price $399,999 $399,999 $299,999 $399,999
Market Value (after improvements) $400,000 $400,000 $300,000 $400,000
Improvements $4,500 $4,500 $4,500 $4,500
Closing Costs $3,000 $3,000 $3,000 $3,000
Mortgage Costs $3,000 $3,000 $3,000 $3,000
Other Fees At Closing $0 $0 $0 $0
Total Cost $410,499 $410,499 $310,499 $410,499
Financing Assumptions
Down Payment (%) 25% 25% 25% 25%
Down Payment Amount $100,000 $100,000 $75,000 $100,000
Financed Amount $299,999 $299,999 $224,999 $299,999
Interest Rate 3.50% 3.50% 3.50% 3.50%
Mortgage Term (Years) 30 30 30 30
Monthly Mortgage Payment $1,347 $1,347 $1,010 $1,347
Cash Outlay (total cost of property) $110,500 $110,500 $85,500 $110,500
Financial Assumptions (mo)
Rent $3,500 $3,250 $2,300 $3,200
Property Tax Rate (approximate) 2.25% 2.25% 2.25% 2.25%
Property Taxes $750 $750 $563 $750
Insurance $170 $170 $170 $170
Repairs $240 $210 $70 $210
Variable-Cost PM 100/m 100/m 100/m 100/m
Leasing Fee $117 $108 $77 $107
HOA $23 $23 $0 $23
Vacancy Rate 4.0% 4.0% 4.0% 4.0%
Total Fixed Monthly Expenses $1,728 $1,679 $1,163 $1,676
Total Fixed Annual Expenses $20,732 $20,152 $13,958 $20,108
Analysis Summary (5 yrs)
 Cap Rate 5.4% 3.1% 2.4% 2.6%
 Net Cash Flow $29,852 $17,258 $10,373 $14,365
 Equity Increase $117,570 $117,570 $88,178 $117,570
 Total Gain $147,422 $134,828 $98,550 $131,934
 Average Cash Flow/Year $5,970 $3,452 $2,075 $2,873
 Average Cash Flow/Month $498 $288 $173 $239
 Average Gain/Year $29,484 $26,966 $19,710 $26,387
 Annual ROI 27% 24% 23% 24%
 Projected Property Value $486,661 $486,661 $364,996 $486,661

 

 

Disclaimer

This Report is provided solely for general business information purposes. No advisory, fduciary or other relationship is created by any acceptance or use of this Report.

The inclusion of this Report with any other materials does not constitute an endorsement by the Report Author of any third party or any third party’s products or services. The projected valuation, fnancial and investment return information, conclusions and other information contained in this Report are based upon tested methodologies for accuracy. However, such information and conclusions are not defnitive forecasts, appraisals or opinions of valuations. All such information and conclusions are stated in terms of probability of likelihood based on market factors and information submitted to the Report Author, and such information and conclusions are not guaranteed by the Report Author and should not be construed as a certifed appraisal or valuation, or investment advice.

The Report Author uses or has used public and/or confdential data and assumptions provided to the Report Author by third parties, and the Report Author has not independently verifed the data and assumptions used in these analyses or data sets. Attributes for properties may be inaccurate because county assessor and property data does not always include recent additions and/or modifcations to property structures. Changes in the underlying data or operating assumptions, or any loss of access to any one or more sources will clearly impact the analyses, information and conclusions set forth in this Report.

Address: Dallas Fort Worth
City:
State/County:
Zip: 76102
Country: United States
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Property Id : 35291
Price: $ 300,000
walkscore72 / Very Walkable more details here

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