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DFW High Equity Duplex $400k

216 Stewart Bend Ct, Azle
ROI
11.67% IRR
Strategy
Long Term Rental
Selling $70k below assessed value. Located in Azle, a B+ grade market north of Fort Worth for a balance of appreciation and cashflow. Built in 2016 for minimal maintenance expenses. Currently fully occupied. Both units are 3 beds 2 baths. Unit A pays $1610 moved in 2023, their lease renews April 2025. Unit B pays $1,665 moved in 2019, lease renews August 2025. This is a walk-in equity position, on a deal that pays for itself, in an appreciating area of a major metro. Taxes $10319 (should reduce to $8950 once new sale price is reported).

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DFW High Equity Duplex $400k

Listed 03/25/2025

216 Stewart Bend Ct, Azle

Purchase Price:$400,000

Cash Outlay:$108,000

Cashflow:$58/mo

Cap Rate:6.01%

IRR:11.67%

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