North Dallas Rent By Room Deal $600k

7505 Larchmont Dr, Dallas

ROI

18.94% IRR

Strategy

Short Term Rental

North Dallas 6 bed 5 bath home currently setup and leased as a rent by room house. Current income is $5400 per month. Tenants split utilities. Copies of all leases will be provided once an offer is accepted. Rent by room deals are perfect for investors who want to invest in A-Grade locations, but have not been able to find anything that cashflows. This deal will also make an exceptional househack play and allow an investor to live in one bedroom, while the roommates pay for your living expenses. HOA $58. Taxes $6529

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North Dallas Rent By Room Deal $600k

Listed 11/19/2024

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7505 Larchmont Dr, Dallas

Purchase Price:$600,000

Cash Outlay:$162,000

Cashflow:$845/mo

Cap Rate:7.68%

IRR:18.94%

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