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4059 Clovis St - Cashflow Positive New Build DFW Duplex 2 Unit Apartment Building Offered at $699,000 at a 5.58% Cap Rate Midlothian, TX 76065
Investment Highlights
- 4.25% Financing Available
- Cashflow Positive
- Turnkey Class-A Duplexes
- Property management in place
Executive Summary
PRIME investment opportunity to add to your portfolio, house-hack, or complete your 1031 exchange: 4.25% financing when using the preferred Lender for a limited time! Class-A new construction luxury duplex on a 1-acre lot with LOW property taxes in scorching hot DFW market. This duplex features two 1653sf units with 4 bedrooms, 2 baths, and a 2-car garage on one level. Each unit has a covered patio and a fenced-in backyard. Edgewood Estates is located in Midlothian, Texas, and it is zoned to good Waxahachie ISD schools. 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. With major economic drivers such as the $1.6B Google Data Centers project and two nearby hospitals, plus excellent property management in place, this asset is primed for continued growth. Proven rents of $2,450 per month per unit at peak leasing season. Easy commute to major employers. Professional property management is in place at a great rate of 5%.
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$58,800
|
$17.79
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$1,764
|
$0.53
|
| Effective Gross Income |
$57,036
|
$17.25
|
| Taxes |
$9,547
|
$2.89
|
| Operating Expenses |
$8,518
|
$2.58
|
| Total Expenses |
$18,065
|
$5.46
|
| Net Operating Income |
$38,971
|
$11.79
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $58,800 |
| Annual Per SF | $17.79 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $1,764 |
| Annual Per SF | $0.53 |
| Effective Gross Income | |
|---|---|
| Annual | $57,036 |
| Annual Per SF | $17.25 |
| Taxes | |
|---|---|
| Annual | $9,547 |
| Annual Per SF | $2.89 |
| Operating Expenses | |
|---|---|
| Annual | $8,518 |
| Annual Per SF | $2.58 |
| Total Expenses | |
|---|---|
| Annual | $18,065 |
| Annual Per SF | $5.46 |
| Net Operating Income | |
|---|---|
| Annual | $38,971 |
| Annual Per SF | $11.79 |
Property Facts
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer Hookup
- Ceiling Fans
- Double Vanities
- Kitchen
- Oven
- Sprinkler System
- Stainless Steel Appliances
- Tub/Shower
- Carpet
- Yard
- Attic
- Family Room
- Island Kitchen
- Lawn
- Patio
- Vinyl Flooring
- Large Bedrooms
- Quartz Countertops
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+2 | 2 | $2,450 | 1,653 |
1 1
Not walkable
10/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 309673 | Total Assessment | $119,000 (2025) |
| Land Assessment | $119,000 (2025) | Annual Taxes | $9,547 ($2.89/SF) |
| Improvements Assessment | $0 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
309673
Land Assessment
$119,000 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$119,000 (2025)
Annual Taxes
$9,547 ($2.89/SF)
Tax Year
2026
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4059 Clovis St - Cashflow Positive New Build DFW Duplex