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Recently Built Cashflowing Duplex $350k

3920 Peperport Dr, Greenville
ROI
19.90% IRR
Strategy
Long Term Rental
Duplex in Greenville, about an hour from the DFW metroplex. 3 beds each side. Lease comps average $1650 per door. 2005 build for minimal maintenance expense and approaching 3 months on market so I feel we can take a shot at in in the low 300s and land around $320k. A $320k purchase price lands us at a 9.9% cap rate and 4.9% COC. Taxes 6785.

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Recently Built Cashflowing Duplex $350k

Listed 07/11/2024

3920 Peperport Dr, Greenville

Purchase Price:$320,000

Cash Outlay:$86,400

Cashflow:$358/mo

Cap Rate:9.93%

IRR:19.90%

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