Value-Ddd Duplex Next to TWU Hitting 1% Rule

3300 Mclean St, Fort Worth

ROI

18.84% IRR

Strategy

Long Term Rental

Value-add duplex next to TWU hitting 1% Rule. Two story over/under 2 bed units needing full cosmetics, light exterior work. Two story 2,004 sq ft duplex built in 1949 with 2 beds, 1 bath per unit. Interior needs full surface update (floors, paint, cabinets, appliances), exterior needs paint & trim.

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Value-Ddd Duplex Next to TWU Hitting 1% Rule

Listed 03/30/2023

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3300 Mclean St, Fort Worth

Purchase Price:$220,000

Cash Outlay:$109,400

Cashflow:$539/mo

Cap Rate:7.16%

IRR:18.84%

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