DFW 1% Rule SFR Near Plano $225k

2620 Herring Cir, Sachse

ROI

12.66% IRR

Strategy

Long Term Rental

Classic 1% rule deal in good area north of Dallas. These have been almost impossible to find! 3 bed 2 bath 1300 sqft single family rental built in 1985. Schools are rated 8/6/6. Rental comps support $2250 per month. Current long term tenant lease expires November 10th. They were paying $1900 per month. Asking price is $250k. We’ve negotiated down to $225k. The tax assessed value is $285k. This is a great deal for a walk-in equity position, cashflow, and appreciation all in one deal. Taxes $6,430.

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DFW 1% Rule SFR Near Plano $225k

Listed 10/22/2024

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2620 Herring Cir, Sachse

Purchase Price:$225,000

Cash Outlay:$60,750

Cashflow:$73/mo

Cap Rate:6.22%

IRR:12.66%

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