Dallas 7-Plex Cash Flow
Net Worth Realty
Dallas – 75215
ARV: $150,000
Investor Cost: $125,000 (Cash or hard money only)
Rehab Estimate: $3,500
Estimated Gross Profit: $21,000
Square Feet: 1632
Bedrooms: 7
Bathrooms: 7
Great opportunity in Dallas! 7 units in total, 5 one bedrooms 2 efficiency units. This 7-plex has had the majority of work completed. Each unit just needs a window A/C unit. Landlord should pay all utilities and you will get $595 for the one bedrooms and $495 for the efficiency.
Cap Rate Analysis:
Gross yearly Rent: $47,580
MGMT 10% $4,758
Insurance: $3,000
Vacancy: $4,200
Maintenance: $4,200
Total expenses: $16,158
Net Operating Income: $31,422
Gross investment $135,000
ROI 23.6%
Call Stephen for more information and showings!
Net Worth Realty
Stephen Salerno
214-793-1246
5057 Keller Springs Rd. Addison TX
License # 624451