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Rare Cashflow-Positive Duplex with STR Zoning in the Heart of Arlington

2720 Parkchester Dr, Arlington
ROI
28.35% IRR
Strategy
Short Term Rental
Rare cashflow-positive duplex with STR zoning in the heart of Arlington. Minutes from Medical City, University of Texas, Six Flags, AT&T Stadium. Unit 1 leased for $1500/mo expiring 10/24 and Unit 2 leased for $1300 expiring 7/24. Gross $6-7k as a short-term rental. Light facelift will be needed to convert to a STR.

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Rare Cashflow-Positive Duplex with STR Zoning in the Heart of Arlington

Listed 01/25/2024

2720 Parkchester Dr, Arlington

Purchase Price:$340,000

Cash Outlay:$121,800

Cashflow:$2,082/mo

Cap Rate:12.03%

IRR:28.35%

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