$260,000
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1420 & 1422 E Mulkey Street Fort Worth, TX 76104
6 Beds
4 Baths
5,998 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Subdivision Ryan Southeast Add
MLS Listing ID 20881253
Bedrooms 6
Full Baths 4
Year Built 2005
Annual Tax Amount $6,644
Lot Size 5,998 Sqft
Property Sub-Type Duplex
Property Description
Duplex Investment Opportunity. House Hack & Build Wealth! This duplex at 1420 E Mulkey St, Fort Worth, TX is a prime opportunity for house hackers and investors alike! Live in one unit while renting out the other for $1,350 a month, drastically reducing your housing costs while building equity. Key Features: Two Units, perfect for rental income or multi-generational living House Hack Potential. Offset your mortgage with rental income $1,350 Monthly Rental Income. Helps cover mortgage and expenses Tiled Floors Throughout. Low maintenance and durable Spacious Kitchen and Living Areas. Ready for your updates Prime Location. Close to highways, shopping, and schools Updated Mortgage Savings Estimate: Purchase Price: $260,000 Down Payment FHA 3.5%: $9,100 Loan Amount: $250,900 Interest Rate 7% Estimate: $1,668 a month P and I Taxes and Insurance Estimate: $300 a month Est Total Monthly Payment: $1,968 Rental Income from One Unit: $1,350 Your Out-of-Pocket Cost: ONLY $618 a month! Potential ROI and Cash Flow: Market Rent for Both Units: $2,700 a month Annual Rental Income If Fully Rented : $32,400 Estimated Annual Expenses Taxes, Insurance, Maintenance: $8,000 Potential Net Income if Fully Rented: $24,400 a year Cash on Cash Return with 3.5% down: 30-35% This is a turnkey investment opportunity that allows you to live for less while building wealth through real estate. Whether you're an investor or a first-time homebuyer, this duplex is a smart move! Call today to schedule a showing!
Location
State TX
County Tarrant
Interior
Heating Central, Electric
Cooling None
Flooring Ceramic Tile
Exterior
Utilities Available City Sewer, City Water
Roof Type Composition
Building
Story One
Foundation Slab
Structure Type Brick
Schools
Elementary Schools Mg Ellis
Middle Schools Riverside
High Schools Carter Riv
School District Fort Worth Isd
Others
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
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Bought with Animesh Prabhakar • Classik Management Co