2901 Cortez Dr

Fort Worth, TX 76116
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4 bd, 2 ba | 2,585 sqft | Built in 1968

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List Price
$183,500

Initial Investment

$46,325

Purchase Price

$170,000

Down Payment

25%

Rent

$1,449

Total Return

$78,514

Annualized Return

20.8%

Cap Rate

4.5%

Gross Yield

10.2%

Cash Flow

-$2,313

Appreciation

9.1%
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Features

Occupancy

Occupied

Lease Start

12/01/2017

Lease End

11/30/2019

Lot Size

11,250

HOA

None

Flood Risk

Not Required

  • Seller offering free 1-year home warranty plan through First American
  • Complete interior and exterior turnkey rehab
  • $300+ in upside rent potential ($1,780)

See more in Analysis

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Annual Financial Highlights

Expected Rent

$16,519

Expenses

-$4,590

Property Taxes

-$5,000

Loan Payments

-$9,242

Net Cash Flow

-$2,313

See more in Financials

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