New Braunfels Off-Market Duplex $375k

523 Clearfield Dr, New Braunfels

ROI

18.95% IRR

Strategy

Long Term Rental

New Braunfels is one of the fastest growing cities in the country and turnkey duplexes like this one trade quickly once they hit the market. Steffen Realty clients have first shot at this property through Friday. Unit A is 2 bds 2bths, Unit B is 3 beds 2 bths. Unit A just became vacant and Unit B has been occupied by the same tenants for many years and their lease renews Jan 1. Unit A was previously leased for $1540 and market rate is $1650. Unit B pays $1600. Market rate is $1850 - $2000. This is an excellent deal in a great location. Taxes $4460.

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New Braunfels Off-Market Duplex $375k

Listed 12/30/2024

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523 Clearfield Dr, New Braunfels

Purchase Price:$375,000

Cash Outlay:$101,250

Cashflow:$539/mo

Cap Rate:7.56%

IRR:18.95%

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