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Fully Renovated 2 Bed Near Lockheed Martin

581 Joy Dr, White Settlement
ROI
19.05% IRR
Strategy
Long Term Rental
Fully renovated 2 bed near Lockheed Martin. All major capex items replaced or in good shape, roof <10 years old. Currently vacant with significant interest at $1350-1500/mo. 650 sq ft 2 bed, 1 bath with a full gut remodel just completed. All new electric, plumbing, water heater, floors, cabinets, counters, appliances, cosmetics. Roof under 10 years old, no foundation issues. Originally listed for rent at $1350/mo with over 75 inquiries in the first 24 hours, including offers over asking.

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Fully Renovated 2 Bed Near Lockheed Martin

Listed 06/08/2023

581 Joy Dr, White Settlement

Purchase Price:$170,000

Cash Outlay:$45,900

Cashflow:$83/mo

Cap Rate:6.15%

IRR:19.05%

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