418 N Moore St, Dallas, TX 75203

Location, Location, Location!

This 2 bedroom / 1 bathroom rental makes sense for any rental investor, even in today's changing real estate market. Prime location by Downtown Dallas, a low-cost flip, and an amazing opportunity for a high upside flip, or massive long-term appreciation potential!

The property is VACANT, contact Dispo Manager for walkthrough. Closing on November 30th, 2023

Deal Takeaways:

With direct access to Downtown and the Trinity River, be a part of the exciting revitalization of The Bottom District.

Located near South Gateway Park, which will officially open its doors in 2024

South Gateway Park is a new 5-acre development expected to cost $82 million

HVAC unit is 4 years old, roof the same 4 years old, water heater is 4 years old, new appliances

5 minutes from Downtown Dallas, Bishop Arts, The Cedars, Trinity Groves, Bishop Arts, Methodist Medical Center

LINK to The Bottom's MASTER PLAN

LINK to the Souther Gateway Park

LINK to Siteplan

Financials:

ARV: $275,000

Purchase Price: $92,500

Profit Details:

$275,000 ARV

(*) 94% for sale commissions

(-) $92,500 purchase price

(-) $60,000 rehab budget

(-) $5,000 closing / holding cost

(=) $101,000 profit

Rental Profit Details:

$1,599 monthly estimated rent

(-) $211 monthly tax

(-) $110 monthly insurance

(-) $160 property management

(-) $160 allocation for repairs, vacancy, etc

(=) $958 net monthly cash flow

Property Details:

2 Beds / 1 Bath

1920 Year Build

732 Home Square Feet

2,861 Square Feet Lot Size

Nov 30th, 2023 Closing