Section8 Portfolio- $130k NOI-Fort Worth,TX, 76123
Six Section 8 Rental Homes for sale in 76123, Fort Worth, TX. Tenants are in place and property mgmt in place. Perfect for an existing investor. Homes are valued based on cap rate and will not appraise for asking price. You are purchasing cash flow in a growing market. Tenants are from Dallas, Fort Worth, and Tarrant County housing. Rents are similar across all three housing authorities which shows stability. Owner is an individual and is open to doing an off market deal creative deal.
Homes built in 2023, under 1-2-10 builder warranty
NOI= $129,546 (Expenses Included= property mgmt, 5% for maintenance, HOA Fees, Utilities, Insurance, Property Taxes).
Est Purchase Price Cap Rate= 7.8%
Owner is an individual selling for personal circumstances
Financials (USD)
Net Operating Income (Annual) $129,546
Asking Price $1,650,000
Cap Rate 8%
Additional Details
Street Address Texas Risinger Drive
Year Built/Renovated 2023
Percent Occupied 100%
Deal Terms
Who is Listing the Property? Owner
Broker Co-Op? Available On Request
Seller Financing Available? Available On Request
Seller Willing To Lease? No
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