Rehab: $10,000 (cosmetic fixes, and budgeted for foundation though it probably won’t be necessary)
Rent: $1100/mo -this is pretty much market rate around there.
Dallas, 75216 – This is a 1/1, 540 sqft per-side duplex that is currently being rented for $550/side. It needs some sprucing up, but both tenants are happy, paying, and want to stay, which is the best kind of tenant, really. A nice bonus is that it has a double-wide lot, which would probably be able to be subdivided and either sold or built on. Good cash flow (16% CAP with expenses).
Call 214-643-8464 for more details, photos, comps, rehab breakdown, and access!