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Off-Market 6-Plex in DFW $780k

214 Joyce St, Weatherford
ROI
24.80% IRR
Strategy
Long Term Rental
All six units occupied. Current income is $6825 and all tenants are month to month. Increasing rents to market rate would bring income to $7800 per month. Tenants pay all utilities. All 6 units were gutted and renovated down to the studs in 2018. Located in Weatherford in a great area with high appreciation and low vacancy rates. Sale comps put current value between $850k-$875k. Taxes 8920. Insurance 6000.

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Off-Market 6-Plex in DFW $780k

Listed 08/14/2024

214 Joyce St, Weatherford

Purchase Price:$780,000

Cash Outlay:$210,600

Cashflow:$1,727/mo

Cap Rate:9.96%

IRR:24.80%

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