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Rent-Ready Duplex Next to Ft Hood with One 3 Bed and One 2 Bed Unit

2210 Shoemaker Dr, Killeen
ROI
18.90% IRR
Strategy
Long Term Rental
Rent-ready duplex next to Ft Hood. One 3 bed and one 2 bed unit, with light value-add potential in minimal cosmetics and minor wood rot. 2,060 sq ft single story duplex built in 1982 with one 3 bed, 2 bath and one 2 bed, 1 bath. Property is being marketed for lease at $950/mo for the 2 bed, $1050/mo for the 3 bed. Some dated finishes, updating would help drive rent increases.

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Rent-Ready Duplex Next to Ft Hood with One 3 Bed and One 2 Bed Unit

Listed 04/21/2023

2210 Shoemaker Dr, Killeen

Purchase Price:$225,000

Cash Outlay:$70,750

Cashflow:$272/mo

Cap Rate:6.99%

IRR:18.90%

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