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Occupied Duplex Already Hitting 1% Rule with More Upside in Rents

1817 Brittain St, Fort Worth
ROI
22.33% IRR
Strategy
Short Term Rental
Occupied duplex already hitting 1% Rule with more upside in rents. Updated 2 bed units leased for $1195 each, market rents $1300+. Single story duplex built in 1947 with 765 sq ft per unit. Both units updated inside with hardwood floors, granite counters, newer HVAC. Separate utilities. Each unit is leased for $1195/mo, with 1817 expiring 3/1/2024 and 1819 expiring 6/30/2023.

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Occupied Duplex Already Hitting 1% Rule with More Upside in Rents

Listed 03/16/2023

1817 Brittain St, Fort Worth

Purchase Price:$239,000

Cash Outlay:$64,530

Cashflow:$328/mo

Cap Rate:7.48%

IRR:22.33%

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