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$799,900

NAL Estimated Property Value

609-611-613-615 Wheatfield Drive, Venus, TX, 76084

Off MarketInfo
Beds9 Beds
Baths8 Bath
QuadruplexQuadruplex
Year BuiltBuilt in 2024

Property Lead Type:

Off-Market ListMove-In Ready

Highlights

Interior

Bedrooms 9Bedrooms 9
Bathrooms 8Bathrooms 8
AppliancesDishwasher, Disposal, Electric Range, Electric Water Heater
FlooringCarpet

Building Information

Garage Spaces4

About this property

Prime opportunity to invest in a Class-A new construction luxury fourplex in scorching hot DFW market. Builder's Preferred Lender offers below market fixed rate financing in the low to mid 5s plus get Owner's title policy paid by Builder when using preferred Lender. Very strong tenant demand and established leasing market. This fourplex is to be built and is estimated to be complete by Jan-Feb 2024. Fantastic location across near Google's $600M Data Center. Ellis County has experienced explosive population growth in the last decade. Children attend Midlothian schools. The fourplex has a 3-2 unit (flat), a 2-2 unit (flat) and two townhouse style 2-1.5 units. Each unit has a one car garage. Projected rents of $1595-1795 per month based on strong Tenant demand in Phase 1. Easy commute to major area employers. Wealth of opportunities to relax & play nearby. Professional property management in place at a favorable rate of 5%. Hurry - this won't last!

Investor Tools

Property Icon
$799,900
Estimated Property Value
$0Estimated Mortgage Balance
$799,900Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,799 /month
Positive
Cash Flow Estimate:
$1,600 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$X/month
$1,800/month
5.947%

City: Venus

609-611-613-615 Wheatfield Drive | Property Details | No Agent List