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DFW 6-Plex Hitting The 1% Rule $740k

3020 South Blvd, Dallas
ROI
20.49% IRR
Strategy
Long Term Rental
Newly remodeled 6-unit apartment complex in Dallas. (4) 2 bed units and (2) 1 bed units. 2 bed lease comps are $1300 per door. 1 bed comps at $1100 per door making this a 1% rule deal at a $740k strike price. Perfect deal for an investor looking to scale and purchase via a DSCR loan. All units vacant and move-in ready. Taxes 13685.

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DFW 6-Plex Hitting The 1% Rule $740k

Listed 07/29/2024

3020 South Blvd, Dallas

Purchase Price:$740,000

Cash Outlay:$199,800

Cashflow:$960/mo

Cap Rate:9.72%

IRR:20.49%

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