1420 & 1422 E MULKEY STREET, FORT WORTH, TX 76104
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Homes for sale in 76022.
1420 & 1422 E Mulkey Street
Fort Worth, TX 76104
List Price$260,000
Listing #20881253
6
Bedrooms
4 full
Bathrooms
2,100
Square Feet
2
Number of Units
Multi-Unit Residential
Type
About This Property
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!
Property Features
Location Information
County
Tarrant
Subdivision
Ryan Southeast Add
Interior Features
Interior
Cable TV
Cooling
None
Full Baths
4
Floors
Ceramic Tile
Has Fireplace
No
Appliances
Electric Cooktop
Heating
Central, Electric
Total Number of Units
2
Exterior Features
Stories
1
Garage Spaces
0
Construction
Brick
Pool Description
None
Foundation
Slab
Lot Size in Acres
0.138
Roof
Composition
Lot Size in Sq. Ft.
5,998
Water / Sewer
Sewer Available, Water Available, Cable Available
Buildings
1
Utilities
Sewer Available, Water Available, Cable Available
Building Total Area (Sq. Ft.)
2,100
Parking Description
Other
Is One Story
Yes
School
Elementary School District
Fort Worth ISD
Jr. High School
Riverside
Elementary School
MG Ellis
High School
Carter Riv
Additional Information
Year Built Details
Preowned
Status
Active Under Contract
Property Type
RI
Has a Home Owners Association
No
Property SubType
Duplex
Tax Annual Amount
6644.0
Year Built
2005
Exclusions
n/a
Similar Listings
Mortgage Calculator
$1,212
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$936
Monthly Tax
$216
Monthly Insurance
$60
yrs
%
$
$
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
Schools
Walk Score
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