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Fully Renovated 4 Bed with Potential ADU and Interest Rate Buydown

2942 Townsend Dr, Dallas
ROI
20.00% IRR
Strategy
Long Term Rental
Fully renovated 4 bed with potential ADU and interest rate buydown. Single story completely renovated with high end finishes, new HVAC, water heater, appliances, and plumbing. Value-add opportunity with a powered shed that can be converted into an ADU. Single story 1,964 sq ft 4 bed, 3 bath built in 1959 with a complete renovation in 2020. Major capex completed plus marble counters, hardwood floors, stainless appliances. Powered shed out back could be converted into an ADU.

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Fully Renovated 4 Bed with Potential ADU and Interest Rate Buydown

Listed 01/15/2024

2942 Townsend Dr, Dallas

Purchase Price:$410,000

Cash Outlay:$110,700

Cashflow:$296/mo

Cap Rate:6.28%

IRR:20.00%

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