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High Cashflow DFW Duplex Exceeding the 1% Rule $250k

122 Ramsey Ave, Cleburne

ROI

21.83% IRR

Strategy

Long Term Rental

Duplex located in Cleburne, just outside of the metroplex in a B-Grade neighborhood. Asking is $270k. I think the seller will accept $250k if we move quickly before other bids roll in. One side is leased for $1400. The other side is vacant and ready for tenants but is the same layout so a buy/ hold investor could place another tenant and pull $2800 per month. Taxes $4025.

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High Cashflow DFW Duplex Exceeding the 1% Rule $250k

Listed 07/09/2024

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122 Ramsey Ave, Cleburne

Purchase Price:$270,000

Cash Outlay:$72,900

Cashflow:$421/mo

Cap Rate:9.90%

IRR:21.83%

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