Investor opportunity in Corsicana. Fully occupied duplex priced at $85k with a projected $20k CapEx requirement for cosmetics and deferred maintenance. Current configurations are dual 1/1 units.
Current Financials
Purchase Price: $85,000
Estimated Rehab: $20,000
All-In Basis: $105,000
Current Gross Rent: $1,300/mo ($15,600/yr)
In-Place Gross Yield: 14.8% (on all-in basis)
Exit & Upside
Lease Security: Guaranteed cash flow through 2027.
Pro Forma Rent: Post-rehab market rates for updated 1/1s in this pocket hit $900-$950/mo.