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Student Housing Duplex in North Dallas $635k

1914 N Floyd Rd, Richardson
ROI
17.89% IRR
Strategy
Mid Term Rental
Richardson duplex within walking distance to the University of Texas at Dallas. Unit 1916 is leased for $3450. Unit 1914 is leased for $2300. Current income is $5750. If both sides are leased as room rentals top line income is $6900. The property is in great condition. The area is B+ grade. This is an excellent property for a long term, mid term, short term, or rbtr deal. Taxes $11786.

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Student Housing Duplex in North Dallas $635k

Listed 10/23/2024

1914 N Floyd Rd, Richardson

Purchase Price:$635,000

Cash Outlay:$171,450

Cashflow:$810/mo

Cap Rate:7.22%

IRR:17.89%

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