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4059 Clovis St - Cashflow Positive New Build DFW Duplex 2 Unit Apartment Building Offered at $963,879 CAD at a 5.98% Cap Rate Midlothian, TX 76065
Investment Highlights
- 5.25% Financing Available
- Cashflow Positive
- Turnkey Class-A Duplexes
- Property management in place
Executive Summary
100% leased bringing in $4900 in monthly rental income. PRIME investment opportunity to add to your portfolio, house-hack, or complete your 1031 exchange: 5.25% financing when using the preferred Lender for a limited time! Class-A new construction luxury duplex on a 1-acre lot with LOW property taxes in scorching hot DFW market. This duplex features two 1653sf units with 4 bedrooms, 2 baths, and a 2-car garage on one level. 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, as well as 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 $2,450 per month per unit at peak leasing season. Easy commute to major employers. Professional property management is in place at a great rate of 5%.
Financial Summary (Pro Forma - 2026) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$81,082
|
$24.53
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$81,082
|
$24.53
|
| Taxes |
$13,165
|
$3.98
|
| Operating Expenses |
$10,287
|
$3.11
|
| Total Expenses |
$23,452
|
$7.09
|
| Net Operating Income |
$57,630
|
$17.43
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $81,082 |
| Annual Per SF | $24.53 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $81,082 |
| Annual Per SF | $24.53 |
| Taxes (CAD) | |
|---|---|
| Annual | $13,165 |
| Annual Per SF | $3.98 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $10,287 |
| Annual Per SF | $3.11 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $23,452 |
| Annual Per SF | $7.09 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $57,630 |
| Annual Per SF | $17.43 |
Property Facts
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer Hookup
- Ceiling Fans
- Double Vanities
- Kitchen
- Oven
- Sprinkler System
- Stainless Steel Appliances
- Tub/Shower
- Carpet
- Yard
- Attic
- Family Room
- Island Kitchen
- Lawn
- Patio
- Vinyl Flooring
- Large Bedrooms
- Quartz Countertops
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+2 | 2 | $3,378 CAD | 1,653 |
1 1
Not walkable
10/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 309673 | Total Assessment | $201,480 CAD |
| Land Assessment | $201,480 CAD | Annual Taxes | $13,165 CAD ($3.98 CAD/SF) |
| Improvements Assessment | $0 CAD | Tax Year | 2026 |
Property Taxes
Parcel Number
309673
Land Assessment
$201,480 CAD
Improvements Assessment
$0 CAD
Total Assessment
$201,480 CAD
Annual Taxes
$13,165 CAD ($3.98 CAD/SF)
Tax Year
2026
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4059 Clovis St - Cashflow Positive New Build DFW Duplex
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