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

Fully Renovated 4 Bed with Potential ADU and Interest Rate Buydown

2942 Townsend Dr, Dallas
ROI
20.78% 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 potential 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.

Enter your email to download the proforma

< Back to Daily Deals

Fully Renovated 4 Bed with Potential ADU and Interest Rate Buydown

Listed 12/05/2023

2942 Townsend Dr, Dallas

Purchase Price:$425,000

Cash Outlay:$114,750

Cashflow:$353/mo

Cap Rate:6.56%

IRR:20.78%

Talk to an agent about this property

Get a response in less than 24 hours.
Message

See other properties

Long Term Rental

New Caney Triplex House Hack Live Free Income Property $265K

19639 Maple Ln, New Caney

Purchase Price:$350,000

Cash Outlay:$904,500

Cashflow:$650/mo

Cap Rate:8.78%

IRR:25.10%

Long Term Rental

Killeen Quadplex 3 Bed Units Value Add 1%+ Potential $350K

1600 Dugger Cir, Killeen

Purchase Price:$350,000

Cash Outlay:$94,500

Cashflow:$485/mo

Cap Rate:7.50%

IRR:18.90%

Long Term Rental

Killeen Quadplex 3 Bed Units Partial Vacancy Upside $360K

3202 Hereford Ln #A-D, Killeen

Purchase Price:$360,000

Cash Outlay:$97,200

Cashflow:$336/mo

Cap Rate:6.96%

IRR:16.26%

Long Term Rental

San Marcos Duplex 3 Bed Units Strong Rent Growth Corridor $350K

108 Gm Ln, San Marcos

Purchase Price:$350,000

Cash Outlay:$94,500

Cashflow:$115/mo

Cap Rate:6.23%

IRR:12.75%

Long Term Rental

Houston Energy Corridor Quadplex Katy ISD Fully Leased $675K

720 Memorial Mews St, Houston

Purchase Price:$675,000

Cash Outlay:$182,250

Cashflow:$121/mo

Cap Rate:6.05%

IRR:11.88%

Long Term Rental

Dallas 8 Unit Value Add Multifamily Lease Reset Opportunity $879K

3209 Norwalk Ave, Dallas

Purchase Price:$879,000

Cash Outlay:$237,330

Cashflow:$1,207/mo

Cap Rate:7.49%

IRR:18.83%