Fort Worth Duplexes
Texas
4bd • 2ba • Built: 2026
| Projected Income | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Projected Rent | $38,400 | $39,552 | $40,739 | $41,961 | $43,220 | $44,516 | $45,852 | $47,227 | $48,644 | $50,103 |
| Vacancy Losses | ($3,072) | ($3,164) | ($3,259) | ($3,357) | ($3,458) | ($3,561) | ($3,668) | ($3,778) | ($3,892) | ($4,008) |
| Operating Income | $35,328 | $36,388 | $37,479 | $38,604 | $39,762 | $40,955 | $42,183 | $43,449 | $44,752 | $46,095 |
| Estimated Expenses | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Property Taxes | ($8,851) | ($9,178) | ($9,518) | ($9,870) | ($10,235) | ($10,614) | ($11,007) | ($11,414) | ($11,836) | ($12,274) |
| Insurance | ($2,339) | ($2,426) | ($2,516) | ($2,609) | ($2,705) | ($2,805) | ($2,909) | ($3,017) | ($3,128) | ($3,244) |
| Management Fees | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Leasing/Advertising Fees | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Association Fees | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Maintenance | ($768) | ($796) | ($826) | ($856) | ($888) | ($921) | ($955) | ($990) | ($1,027) | ($1,065) |
| Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Operating Expenses | ($11,958) | ($12,401) | ($12,859) | ($13,335) | ($13,829) | ($14,340) | ($14,871) | ($15,421) | ($15,992) | ($16,583) |
| Income Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Net Operating Income | $23,370 | $23,987 | $24,620 | $25,269 | $25,933 | $26,615 | $27,313 | $28,028 | $28,761 | $29,512 |
| - Mortgage Payments | ($16,251) | ($16,251) | ($16,251) | ($16,251) | ($16,251) | ($16,251) | ($16,251) | ($16,251) | ($16,251) | ($16,251) |
| = Cash Flow | $7,119 | $7,736 | $8,369 | $9,017 | $9,682 | $10,363 | $11,061 | $11,777 | $12,510 | $13,260 |
| + Principal Reduction | $5,377 | $5,582 | $5,795 | $6,016 | $6,246 | $6,484 | $6,731 | $6,988 | $7,255 | $7,532 |
| + Appreciation | $19,495 | $20,470 | $21,493 | $22,568 | $23,696 | $24,881 | $26,125 | $27,431 | $28,803 | $30,243 |
| = Gross Equity Income | $31,991 | $33,788 | $35,657 | $37,602 | $39,624 | $41,729 | $43,918 | $46,196 | $48,567 | $51,035 |
| Capitalization Rate | 5.7% | 5.6% | 5.5% | 5.3% | 5.2% | 5.1% | 5.0% | 4.9% | 4.8% | 4.6% |
| Cash on Cash Return | 6.4% | 7.0% | 7.6% | 8.2% | 8.8% | 9.4% | 10.0% | 10.6% | 11.3% | 12.0% |
| Return on Equity | 26.1% | 22.8% | 20.3% | 18.4% | 16.9% | 15.7% | 14.7% | 13.9% | 13.2% | 12.5% |
| Loan Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Market Value | $409,395 | $429,865 | $451,358 | $473,926 | $497,622 | $522,503 | $548,628 | $576,060 | $604,863 | $635,106 |
| - Loan Balance | ($287,048) | ($281,466) | ($275,670) | ($269,654) | ($263,408) | ($256,924) | ($250,193) | ($243,204) | ($235,949) | ($228,418) |
| = Equity | $122,347 | $148,399 | $175,688 | $204,272 | $234,214 | $265,579 | $298,436 | $332,855 | $368,913 | $406,688 |
| Loan-to-Value Ratio | 70.1% | 65.5% | 61.1% | 56.9% | 52.9% | 49.2% | 45.6% | 42.2% | 39.0% | 36.0% |
| Potential Cash-Out Refi | $81,408 | $105,413 | $130,552 | $156,879 | $184,452 | $213,329 | $243,573 | $275,249 | $308,427 | $343,178 |
| Sale Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Equity | $122,347 | $148,399 | $175,688 | $204,272 | $234,214 | $265,579 | $298,436 | $332,855 | $368,913 | $406,688 |
| - Closing Costs | ($28,658) | ($30,091) | ($31,595) | ($33,175) | ($34,834) | ($36,575) | ($38,404) | ($40,324) | ($42,340) | ($44,457) |
| = Proceeds After Sale | $93,689 | $118,309 | $144,092 | $171,097 | $199,380 | $229,004 | $260,032 | $292,531 | $326,573 | $362,231 |
| + Cumulative Cash Flow | $7,119 | $14,855 | $23,223 | $32,241 | $41,923 | $52,286 | $63,348 | $75,124 | $87,634 | $100,894 |
| - Approximate Cash Invested | ($110,634) | ($110,634) | ($110,634) | ($110,634) | ($110,634) | ($110,634) | ($110,634) | ($110,634) | ($110,634) | ($110,634) |
| = Net Profit | ($9,826) | $22,529 | $56,682 | $92,704 | $130,669 | $170,656 | $212,745 | $257,022 | $303,573 | $352,491 |
| Internal Rate of Return | -8.9% | 10.0% | 15.6% | 17.7% | 18.5% | 18.7% | 18.7% | 18.5% | 18.3% | 18.0% |
| Return on Investment | -8.9% | 20.4% | 51.2% | 83.8% | 118.1% | 154.3% | 192.3% | 232.3% | 274.4% | 318.6% |
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.