2637 Gross Rd

Dallas, TX 75228
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3 bd, 2 ba | 1,208 sqft | Built in 1963

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List Price
$180,000

Initial Investment

$48,869

Purchase Price

$179,000

Down Payment

25%

Rent

$1,475

Total Return

$119,691

Annualized Return

27.4%

Cap Rate

5.0%

Gross Yield

9.9%

Cash Flow

-$1,426

Appreciation

11.5%
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Features

Occupancy

Occupied

Lease Start

02/07/2020

Lease End

02/28/2021

Lot Size

8,063

HOA

None

Flood Risk

Not Required

  • Dec 2019 property rehabbed: new flooring, interior/exterior paint, dishwasher
  • Located near a college (within .25mi) and close to downtown
  • Minimal repairs <$500
  • Seller recently made repairs on home, view inspection documents for more info

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Annual Financial Highlights

Expected Rent

$16,815

Expenses

-$4,110

Property Taxes

-$4,400

Loan Payments

-$9,731

Net Cash Flow

-$1,426

See more in Financials

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