DFW Value-Add Duplex $370k
316 Shady Valley Dr, Mansfield
ROI
21.39% IRR
Strategy
Long Term Rental
Each side is a 3 bed 2 bath with 1260 sqft. Current rents are $1375 and $1550. Rental comps support $1700 per month for 3 bed units. Renovated units in this area pull as high as $2000 per month per door. Mansfield is a B grade area with schools rated 5s and 6s. This would make an excellent value-add play for an investor to renovate units as they become vacant, then increase rents to $2000 per door, and be sitting on a cashflow heavy asset in a good area. Taxes $7336.
