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DFW Single Family Rental $373k

1870 Lockhart Dr, Forney
ROI
12.84% IRR
Strategy
Short Term Rental
Located east of downtown Dallas in Forney ISD with highly rated schools (8-rated elementary, 6-rated high school). Lease comps support $3,000 per month ($1.11 per sq. ft.). New construction with warranty in place. Builder offering preferred financing at 4.99%. No rental restrictions. Three of these homes were opened to investor purchasers. Excellent SFR deals with local property managers available for lease-up or ongoing management. HOA $75. Taxes $7,750.

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DFW Single Family Rental $373k

Listed 02/26/2025

1870 Lockhart Dr, Forney

Purchase Price:$373,000

Cash Outlay:$100,710

Cashflow:$196/mo

Cap Rate:5.46%

IRR:12.84%

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