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Positive Cashflow DFW New Construction Duplex 651-655 Clovis St 2 Unit Apartment Building $699,000 ($349,500/Unit) 5.23% Cap Rate Midlothian, TX 76065
INVESTMENT HIGHLIGHTS
- 4.75% Financing for limited time
- Hot DFW Market
- 1 Acre Lot
- Positive Cashflow
- Professional Property Management in Place
- Strong Market Fundamentals
EXECUTIVE SUMMARY
4.75% special financing when using preferred Lender - expires by end of year! Prime investment opportunity on a Class-A new construction luxury duplex on acre lots with positive cashflow and LOW property taxes in scorching hot DFW market. This duplex features two 1653sf units with 3 bedrooms + a flex room (that can serve as a 4th bedroom) 2 baths and 2 garage all on one level. Each unit has a covered patio and a fenced in back yard. Duplex is under construction with estimated completion of December 2025. Edgewood Estates is located in Midlothian Texas, and it is zoned to good Waxahachie ISD. Significant rental housing inventory shortages combined with strong Tenant demand generated by growth in population, jobs and financial investment make this area an excellent investment. Midlothian is just a short 30 min drive to Downtown Dallas and Fort Worth. Also, this project is within a short 8-10 min drive to Methodist Midlothian Health, Waxahachie’s Baylor Scott and White as well as to Midlothian and Waxahachie’s retail and dining. The Dallas-Fort Worth MSA is one of the fastest growing areas in the country. More than 175 corporate headquarters have moved to Dallas-Fort Worth since 2010 Proven rents of $2455 per unit per month. based on comparable duplexes in the community. Easy commute to major employers. Professional property management in place at a great rate of 5%. Hurry - this won't last!
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$58,920
|
$0.40
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$1,768
|
$0.01
|
| Effective Gross Income |
$57,152
|
$0.38
|
| Taxes |
$10,571
|
$0.07
|
| Operating Expenses |
$9,629
|
$0.06
|
| Total Expenses |
$20,200
|
$0.14
|
| Net Operating Income |
$36,952
|
$0.25
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $58,920 |
| Annual Per SF | $0.40 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $1,768 |
| Annual Per SF | $0.01 |
| Effective Gross Income | |
|---|---|
| Annual | $57,152 |
| Annual Per SF | $0.38 |
| Taxes | |
|---|---|
| Annual | $10,571 |
| Annual Per SF | $0.07 |
| Operating Expenses | |
|---|---|
| Annual | $9,629 |
| Annual Per SF | $0.06 |
| Total Expenses | |
|---|---|
| Annual | $20,200 |
| Annual Per SF | $0.14 |
| Net Operating Income | |
|---|---|
| Annual | $36,952 |
| Annual Per SF | $0.25 |
PROPERTY FACTS
| Price | $699,000 | Apartment Style | Garden |
| Price Per Unit | $349,500 | Building Class | B |
| Sale Type | Investment | Lot Size | 112.39 AC |
| Cap Rate | 5.23% | Building Size | 149,000 SF |
| Gross Rent Multiplier | 11.61 | No. Stories | 2 |
| No. Units | 2 | Year Built | 2025 |
| Property Type | Multifamily | Parking Ratio | 1.09/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | Commercial | ||
| Price | $699,000 |
| Price Per Unit | $349,500 |
| Sale Type | Investment |
| Cap Rate | 5.23% |
| Gross Rent Multiplier | 11.61 |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 112.39 AC |
| Building Size | 149,000 SF |
| No. Stories | 2 |
| Year Built | 2025 |
| Parking Ratio | 1.09/1,000 SF |
| Zoning | Commercial |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer Hookup
- Heating
- Bay Window
- Ceiling Fans
- Double Vanities
- Kitchen
- Granite Countertops
- Refrigerator
- Oven
- Sprinkler System
- Stainless Steel Appliances
- Range
- Tub/Shower
- Carpet
- Yard
- Attic
- Double Pane Windows
- Island Kitchen
- Lawn
- Office
- Pantry
- Patio
- Vinyl Flooring
- Quartz Countertops
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Fenced Lot
- Tenant Controlled HVAC
- Gas Range
- Recycling
- Smoke Free
- Walk-Up
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 4+2 | 2 | $2,455 | 1,653 |
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PROPERTY TAXES
| Parcel Number | 183202 | Total Assessment | $2,202,847 |
| Land Assessment | $306,104 | Annual Taxes | $10,571 ($0.07/SF) |
| Improvements Assessment | $1,896,743 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
183202
Land Assessment
$306,104
Improvements Assessment
$1,896,743
Total Assessment
$2,202,847
Annual Taxes
$10,571 ($0.07/SF)
Tax Year
2025
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Positive Cashflow DFW New Construction Duplex | 651-655 Clovis St
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