Rent-Ready 2 Bed Condo with Strong LTR and MTR Cashflow

9839 Walnut St #107, Dallas
ROI
31.46% IRR
Strategy
Mid Term Rental
Rent-ready 2 bed condo with strong LTR and MTR cashflow. Light value-add potential. Minutes from multiple large medical centers, and Dallas College. 794 sq ft 2 bed, 1 bath condo built in 1984. Turnkey condition with some dated finishes offering light value-add potential. Rent long-term for $1300/mo as is, or $1400+ with updates. Mid-term rental rates $2100+/mo after cosmetic updates. Appliances convey with sale.

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Rent-Ready 2 Bed Condo with Strong LTR and MTR Cashflow

Listed 07/24/2023

9839 Walnut St #107, Dallas

Purchase Price:$90,000

Cash Outlay:$44,300

Cashflow:$651/mo

Cap Rate:11.81%

IRR:31.46%

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