Turnkey Single-Family Rental in Dallas $399k

417 Gypsum Ln, Glenn Heights

ROI

13.85% IRR

Strategy

Short Term Rental

Single family home located in south Dallas. Built in 2019 for minimal maintenance expense. Mid-level schools for a solid tenant pool. And very low taxes. The property is approaching 100 days on market. I think we can land around $375k. Lease comps support $3000 per month. This is an excellent buy/ hold and appreciate deal for an out of state investor looking for a mix of appreciation and cashflow in a turnkey asset. Taxes $5370.

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Turnkey Single-Family Rental in Dallas $399k

Listed 07/18/2024

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417 Gypsum Ln, Glenn Heights

Purchase Price:$375,000

Cash Outlay:$101,250

Cashflow:$67/mo

Cap Rate:8.06%

IRR:13.85%

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