Cashflow Duplex in Mansfield by Methodist Hospital

307 Kings Way Dr, Mansfield
ROI
20.40% IRR
Strategy
Long Term Rental
Cashflow duplex in Mansfield by Methodist Hospital. 3 bed units currently occupied 20% below market rent. Next to Methodist Hospital, 20 minutes to Arlington and Fort Worth, 30 minutes outside Dallas. 2,440 sq ft duplex with 2 beds, 2 baths per side. Built in 2002. Unit A leased for $1575/mo expired 6/30/23, Unit B leased for $1250/mo since 2014 and expires 5/31/24. Market rents $1800 per side.

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Cashflow Duplex in Mansfield by Methodist Hospital

Listed 09/14/2023

307 Kings Way Dr, Mansfield

Purchase Price:$375,000

Cash Outlay:$101,250

Cashflow:$290/mo

Cap Rate:7.08%

IRR:20.40%

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