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Cashflow Positive Duplex Mis-Listed on MLS as a SFH

1605 N Oak St, McKinney

ROI

20.35% IRR

Strategy

Long Term Rental

Cashflow positive duplex mis-listed on MLS as a SFH. 2 bedroom units currently occupied with Unit A leased until 1/31/24 and Unit B m2m. Projected market rents $1850-1950/mo. 2,176 sq ft duplex built in 1973 with 2 beds, 1.5 baths per side. Mis-listed on the MLS as a single family home, good opportunity to purchase with less competition.

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Cashflow Positive Duplex Mis-Listed on MLS as a SFH

Listed 10/02/2023

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1605 N Oak St, McKinney

Purchase Price:$425,000

Cash Outlay:$114,750

Cashflow:$324/mo

Cap Rate:7.07%

IRR:20.35%

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