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Positive Cashflow New Build DFW Triplex 4405 Clovis Ct 2 Unit Apartment Building $975,000 ($487,500/Unit) 6.38% Cap Rate Midlothian, TX 76065
Investment Highlights
- 4.75% financing when using preferred Lender for a limited time!
- Proven rents $2,525 based on nearby units
- Completed and Perfect for 1031
- Professional Property Management at 5%
- Each Unit is 1838s with 3 bedrooms, 2.5 baths and 2 car garage
Executive Summary
PRIME investment opportunity perfect to add to your portfolio or complete your 1031 exchange: 4.75% financing when using the preferred Lender for a limited time! Turnkey Class-A new construction luxury Triplex on 1-acre lots with LOW property taxes in scorching hot DFW market. This triplex features three 1838sf units with 3 bedrooms, 2.5 baths, and a 2-car garage. 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, and 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 $2,525 per month per unit during the peak leasing season. Easy commute to major employers. Professional property management is in place at a great rate of 5%.
Financial Summary (Pro Forma - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$90,900
|
$16.49
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$2,727
|
$0.49
|
| Effective Gross Income |
$88,173
|
$15.99
|
| Taxes |
$13,317
|
$2.42
|
| Operating Expenses |
$12,676
|
$2.30
|
| Total Expenses |
$25,993
|
$4.71
|
| Net Operating Income |
$62,180
|
$11.28
|
Financial Summary (Pro Forma - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $90,900 |
| Annual Per SF | $16.49 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $2,727 |
| Annual Per SF | $0.49 |
| Effective Gross Income | |
|---|---|
| Annual | $88,173 |
| Annual Per SF | $15.99 |
| Taxes | |
|---|---|
| Annual | $13,317 |
| Annual Per SF | $2.42 |
| Operating Expenses | |
|---|---|
| Annual | $12,676 |
| Annual Per SF | $2.30 |
| Total Expenses | |
|---|---|
| Annual | $25,993 |
| Annual Per SF | $4.71 |
| Net Operating Income | |
|---|---|
| Annual | $62,180 |
| Annual Per SF | $11.28 |
Property Facts
| Price | $975,000 | Apartment Style | Townhome |
| Price Per Unit | $487,500 | Building Class | B |
| Sale Type | Investment | Lot Size | 1.00 AC |
| Cap Rate | 6.38% | Building Size | 5,513 SF |
| Gross Rent Multiplier | 10.73 | No. Stories | 2 |
| No. Units | 2 | Year Built | 2025 |
| Property Type | Multifamily | Parking Ratio | 1.09/1,000 SF |
| Property Subtype | Apartment |
| Price | $975,000 |
| Price Per Unit | $487,500 |
| Sale Type | Investment |
| Cap Rate | 6.38% |
| Gross Rent Multiplier | 10.73 |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | B |
| Lot Size | 1.00 AC |
| Building Size | 5,513 SF |
| No. Stories | 2 |
| Year Built | 2025 |
| Parking Ratio | 1.09/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2.5 | 2 | $2,525 | 1,838 |
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Property Taxes
| Parcel Numbers | Total Assessment | $2,342,847 | |
| Land Assessment | $446,104 | Annual Taxes | $13,317 ($2.42/SF) |
| Improvements Assessment | $1,896,743 | Tax Year | 2025 |
Property Taxes
Parcel Numbers
Land Assessment
$446,104
Improvements Assessment
$1,896,743
Total Assessment
$2,342,847
Annual Taxes
$13,317 ($2.42/SF)
Tax Year
2025
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Positive Cashflow New Build DFW Triplex | 4405 Clovis Ct
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