FREE book: The Book on Texas Real Estate Investing — download now

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.

Enter your email to download the proforma

< Back to Daily Deals

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%

Talk to an agent about this property

Get a response in less than 24 hours.
Message

See other properties

Long Term Rental

Baytown 4-Unit Cash Cow With $6550/mo Income – $450k

2633 W Main St, Baytown

Purchase Price:$450,000

Cash Outlay:$121,500

Cashflow:$2,118/mo

Cap Rate:11.49%

IRR:38.22%

Long Term Rental

Dallas Pair of Duplexes Exceeding the 1% Rule – $650k

2250/2254 Areba St Unit A&B, Dallas

Purchase Price:$650,000

Cash Outlay:$175,500

Cashflow:$1,028/mo

Cap Rate:7.74%

IRR:20.04%

Long Term Rental

Stephenville Student Housing Quad Near Tarleton State – $650k

852 W Vanderbilt, Stephenville

Purchase Price:$650,000

Cash Outlay:$175,500

Cashflow:$65/mo

Cap Rate:5.96%

IRR:11.42%

Long Term Rental

San Antonio Quadplex Hitting the 1% Rule | $400k

507 Oregon St, San Antonio

Purchase Price:$400,000

Cash Outlay:$108,000

Cashflow:$562/mo

Cap Rate:7.52%

IRR:19.00%

Long Term Rental

Houston Full Duplex Producing $3,750/mo in Katy ISD | $450k

5216 & 5218 Beaverbrook Dr, Houston

Purchase Price:$450,000

Cash Outlay:$121,500

Cashflow:$403/mo

Cap Rate:6.91%

IRR:16.04%

Long Term Rental

Dallas Proper Newer-Built Duplex Producing $5,700/mo | $700k

1654-1656 Hudspeth Ave, Dallas

Purchase Price:$700,000

Cash Outlay:$189,000

Cashflow:$678/mo

Cap Rate:7.00%

IRR:16.47%