Cashflow Duplex in Mansfield by Methodist Hospital

307 Kings Way Dr, Mansfield

ROI

21.26% 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 07/07/2023

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307 Kings Way Dr, Mansfield

Purchase Price:$375,000

Cash Outlay:$101,250

Cashflow:$371/mo

Cap Rate:7.03%

IRR:21.26%

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