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DFW Cashflowing Single Family Rental $250k

16121 Kiva Ct, Justin
ROI
13.40% IRR
Strategy
Long Term Rental
North Fort Worth single family rental with recent $75k price drop. Fair market value is $295k providing a very strong built-in equity position. It’s a large 2318 sqft layout with opportunity to convert an upstairs bonus room into a 4th bed and increase rents. Current rental comps support $2100-$2200 per month. Schools are rated 7s and 6s. HOA $18. Taxes $3704.

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DFW Cashflowing Single Family Rental $250k

Listed 12/10/2024

16121 Kiva Ct, Justin

Purchase Price:$250,000

Cash Outlay:$67,500

Cashflow:$114/mo

Cap Rate:6.38%

IRR:13.40%

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