Summary: a fully occupied Baylor rental, an off-market Fort Worth duplex selling far below fair market value, and an Arlington duplex near UTA with immediate long-term cash flow. The Arlington deal is also STR-eligible, giving you multiple ways to increase income without relying on appreciation alone.
1) Waco Baylor Duplex Fully Occupied $520K
Asset Quality A | Neighborhood Quality B | Year Built 2006
$4,800 per month is already in place on this fully occupied duplex near Baylor University. Both sides are large 4-bed, 4-bath units, with one leased for $2,200 (through july 30, 2027) and the other leased for $2,600 (through July 30, 2026), giving you a rare student-rental-style layout without buying an older beat-up asset. There is plenty of room for rent growth, with market comps supporting as much as $2,750 per unit, or roughly $5,500 per month total. Great for a buyer who wants the security of proximity to a major university. I’d start with an offer at $520K.
Link» 1907 S 17th St Waco 76706
Sale Price | $ 520,000 | Cap Rate | 7.01% |
Cash Needed | $ 135,200 | Cash on Cash | 4.49% |
Monthly | Annual | ||
Income | $ 4,950 | $ 59,400 | |
Mortgage | 6.75% | $ 2,530 | $ 30,354 |
Tax | $ 867 | $ 10,400 | |
Insurance | $ 329 | $ 3,952 | |
Repairs | $ 149 | $ 1,782 | |
Mgmt | $ 347 | $ 4,158 | |
Vacancy | $ 149 | $ 1,782 | |
Utilities | $ - | $ - | |
Lawn | $ 75 | $ 900 | |
HOA | $ - | $ - | |
NOI | $ 3,036 | $ 36,426 | |
Cashflow | $ 506 | $ 6,072 |
2) Fort Worth Off-Market Duplex Selling FAR Below FMV $350K
Asset Quality B | Neighborhood Quality B | Year Built 1977
$3,200/month is already in place on an off-market Fort Worth duplex priced at $360,000. Unit A is leased at $1,000/month through 5/31/27, and Unit B is leased at $2,200/month through 7/31/26. Multiple duplexes in this neighborhood have sold over $400k (comps attached in link). Ideal for cash flow, a large day 1 equity position, off-market pricing, and immediate occupancy upon closing. We have several good managers in the area and I’m happy to make intros.
Link» 4712 South Dr Fort Worth 76109
Sale Price | $ 350,000 | Cap Rate | 7.40% |
Cash Needed | $ 91,000 | Cash on Cash | 6.00% |
Monthly | Annual | ||
Income | $ 3,400 | $ 40,800 | |
Mortgage | 6.75% | $ 1,703 | $ 21,015 |
Tax | $ 600 | $ 7,200 | |
Insurance | $ 228 | $ 2,736 | |
Repairs | $ 102 | $ 1,224 | |
Mgmt | $ 238 | $ 2,856 | |
Vacancy | $ - | $ - | |
Utilities | $ - | $ - | |
Lawn | $ 75 | $ 900 | |
HOA | $ - | $ - | |
NOI | $ 2,157 | $ 25,884 | |
Cashflow | $ 454 | $ 5,453 |
3) Arlington Duplex Near UTA With STR Upside $335,000
Asset Quality B | Neighborhood Quality B | Year Built 1980
$3,190/month is already in place from two renovated 2-bedroom units renting for $1,595 each. The property is within walking distance of University of Texas at Arlington, where 42,000 students are enrolled, giving you a deep tenant pool. RM-12 zoning also makes the property eligible to apply for a short-term rental permit, so you can keep the current cash flow or push income through student housing or STR use. Perfect first investment or house hack. There is great upside as a STR being walking distance to the university and in the heart of the DFW metroplex, with security in positive cash flow as a long term rental. You can bundle the next door duplex at 109 Ray St available from the same seller.
107 Ray Street Arlington TX 76010
109 Ray Street Arlington TX 76010
Sale Price | $ 335,000 | Cap Rate | 6.62% |
Cash Needed | $ 87,100 | Cash on Cash | 3.02% |
Monthly | Annual | ||
Income | $ 3,190 | $ 38,280 | |
Mortgage | 6.75% | $ 1,630 | $ 19,555 |
Tax | $ 558 | $ 6,700 | |
Insurance | $ 233 | $ 2,800 | |
Vacancy | $ 96 | $ 1,148 | |
Repairs | $ 96 | $ 1,148 | |
Utilities | $ 60 | $ 720 | |
Management | $ 223 | $ 2,680 | |
Lawn Care | 75 | $ 900 | |
HOA | 0 | $ - | |
NOI | $ 1,849 | $ 22,184 | |
Cashflow | $ 219 | $ 2,628 |
Considering an offer? Let’s talk next steps.
[email protected]
512-270-3257