Get a great return on investment with this duplex on a quiet street in Fort Worth. Some TLC can result in some quick cash flow.
Please note: Utilities are ON and Mineral Rights are Included!
Numbers below say it all!
Reduced! $31,998.00, $19.74/sf!
Total Monthly Rent: $1,100 Total
Estimated Cost of Repairs: $9,000 - $13,000 (have written estimates)
If Refinanced (5%, 30 yrs), Estimated Monthly Cash Flow: $710.84
Return on Investment (ROI): 43%
Gross Rent Multiplier (GRM): 4.31
CAP Rate: 28%
Hurry! This great deal won't last long!!!!
4 Bedroom, 2 Bath duplex on 0.125 acres. 1621 square feet. Roof is in good condition. Great potential for curb appeal. New texture and paint on walls, with just a few areas that need attention. Electrical inspection with City of Fort Worth recently completed. Utilities are on. Newer cabinets in updated, open kitchen will be sure to attract renters. Good size, fenced-in backyard. Homes on the same street that have been recently painted,and are well-maintained. Within walking distance to schools.
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