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Turnkey 1% Rule Duplex in Mesquite Built in 2007

1240-1244 Redman Ave, Mesquite
ROI
20.42% IRR
Strategy
Long Term Rental
Turnkey 1% Rule duplex in Mesquite built in 2007. Strong cashflow in a growing area. Two half duplexes with combined 2,500sf and 3 beds, 2 baths per unit. Built in 2007. One unit vacant and one occupied through September at $1350/mo, market rents $1750/mo.

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Turnkey 1% Rule Duplex in Mesquite Built in 2007

Listed 07/12/2023

1240-1244 Redman Ave, Mesquite

Purchase Price:$350,000

Cash Outlay:$94,500

Cashflow:$278/mo

Cap Rate:6.81%

IRR:20.42%

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