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DFW Single Family Rental w/ Big Price Drop $335k

1317 Woodbine Cliff Dr, Fort Worth

ROI

16.46% IRR

Strategy

Long Term Rental

Take advantage of a soft single-family market. This property has been lowered from $375k to $335k. Lease comps support $2450 per month. This is one of the larger 3-bedroom floor plans in the community and will appreciate nicely while leasing up quickly. Excellent deal here for a long-term buy/ hold/ appreciate investor looking for a turnkey, recently built asset in a good neighborhood offered at a 10%+ discount from fair market value. A classic BEAF deal! Taxes 7608. Note: if you'd like to break even in cashflow I suggest self-managing and negotiating to have the space leased prior to closing to limit vacancy expense.

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DFW Single Family Rental w/ Big Price Drop $335k

Listed 07/15/2024

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1317 Woodbine Cliff Dr, Fort Worth

Purchase Price:$335,000

Cash Outlay:$90,450

Cashflow:$304/mo

Cap Rate:7.43%

IRR:16.46%

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