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DFW Single Family Househack OR Equity Play $400k

1409 Barbour Dr, Wylie
ROI
14.60% IRR
Strategy
Short Term Rental
5 bed 3 bath 2003 build single family rental. Schools rated 9/10/8 in a beautiful and highly desirable neighborhood near Plano. Lease comps support $2800 per month. The price was recently reduced by $90k (!) and the sellers are motivated. I love this deal for anyone looking for built in equity, in a highly desirable neighborhood with a strong history of appreciation. It will also work as a househack deal for an investor to live in one bedroom and lease out the other 4. Bedrooms lease for $800-$1000 each. $38 HOA. Taxes $7209.

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DFW Single Family Househack OR Equity Play $400k

Listed 11/19/2024

1409 Barbour Dr, Wylie

Purchase Price:$400,000

Cash Outlay:$108,000

Cashflow:$464/mo

Cap Rate:4.44%

IRR:14.60%

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