Tenant-Occupied
For Sale
Under Contract
$425,000
5720 Cancun Drive, North Richland Hills, TX 76180
ResidentialIncome, North Richland Hills, TX
Property Size2,124 SF
Lot Size0.10 Acres
Price / SF$200.09
Days on Market73
Property Features for 5720 Cancun Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 1, Bathroom 2, Bedroom 2, Bedroom 4, Bathroom 4, Bedroom 3, Bathroom 3, Bedroom 1
Parking
4
Parking features
Driveway, Carport
Interior features
DecorativeDesignerLightingFixtures, HighSpeedInternet, CableTv
Exterior features
Storage
Appliances
Dishwasher, ElectricRange, ElectricWaterHeater, Disposal
Subdivision
Holiday West Add
Lot features
Acreage, Interior Lot, Landscaped, Few Trees
Elementary school
Holiday
Middle school
Norichland
High school
Richland
Elementary school district
Birdville ISD
Middle school district
Birdville ISD
High school district
Birdville ISD
Directions
From Loop 820, exit Rufe Snow Drive and head north. Turn right onto Mid Cities Boulevard, then left onto Holiday Lane. Turn right onto Acapulco Drive and continue to Cancun Drive. The property will be on your right. GPS
Standard status
Active Under Contract
APN
05530768
Size
2,124 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Description
HOLIDAY WEST ADDITION BLOCK 25 LOT 6A
Tax Annual Amount
3846
Legal Description
HOLIDAY WEST ADDITION BLOCK 25 LOT 6A
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Electric, Ceiling Fan(s), Central Air
Water source
Public
Amenities
private fenced backyards
covered parking
exterior storage
Building Details
Year built
1985
Floors in Building
1
Number of units
2
Flooring type
Carpet, Laminate, Tile
Building materials
Brick
Roof type
Composition
Additional Structures
Storage
Listing Agency:
The Harvest House Realty Group
(817) 988-2170
Listed By:
Ragini Bhayani
(817) 888-8849
Added: Jul 18
Changed: Sep 27
Last Checked: Sep 28 at 12:06PM
MLS# 21312422
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This single-story duplex contains two residences, each with approximately 1,062 square feet, two bedrooms, two full bathrooms, an open living and dining area, and a spacious kitchen. Both sides are currently leased. Built in 1985, the property uses brick construction and includes separate fenced backyards, covered parking, and exterior storage for each unit. Interior finishes include laminate, tile, and carpet flooring, with central electric heating and cooling.
Located at 5720 and 5722 Cancun Drive in North Richland Hills, the property has public water and sewer service. Additional features include dishwashers, electric ranges, disposals, electric water heaters, ceiling fans, composition roofing, and driveway parking.
Located at 5720 and 5722 Cancun Drive in North Richland Hills, the property has public water and sewer service. Additional features include dishwashers, electric ranges, disposals, electric water heaters, ceiling fans, composition roofing, and driveway parking.
Key Highlights
- 2,124 square feet across two duplex units
- Each side offers approximately 1,062 sq ft, 2 bedrooms, and 2 full baths
- Both units are currently leased
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$16,000
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.76%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$320,000
$320.0K
Cap Rate 7%
$228,571
$228.6K
Cap Rate 9%
$177,778
$177.8K
Market Conditions
NOI Build-Up for 2,124 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$25.7K $12.12/SF
− Vacancy
−$2.9K −$1.36/SF
EGI
$22.9K $10.76/SF
− OpEx
−$6.9K −$3.23/SF
NOI
$16.0K $7.53/SF
Area
Tarrant County, TX
Vacancy
11.21%
Lease Rate
$12.12 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$320,000
Cap Rate 7%
$228,571
Cap Rate 9%
$177,778
Alternative Uses
Best Use
Multifamily LT 5
$228.6K
$200.0K – $266.7K
NOI $16,000 @ 7.0% cap · market cap 3.76%
Second Best
Apartment 5plus
$198.7K
$173.9K – $231.8K
NOI $13,910 @ 7.0% cap · market cap 3.27%
Theoretical Best
Office A
$747.2K
$653.8K – $871.7K
NOI $52,301 @ 7.0% cap · market cap 12.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
687
Businesses Nearby
Explore this area
Business Placement
Demographics for 76180, TX
37,087
Population
16,138
Households
2.3
Avg Household Size
37
Median Age
33%
College-Educated
92%
High-School Grad
9.3 sq mi
ZIP Area
3,988
Density / Sq Mi
$78,688
Median Household Income
$42,984
Median Earnings
$1,553
Median Rent
$286,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Fully leased, single-story duplex with private fenced yards, covered parking, and storage serving each residence.
Where is this duplex located?
The property is located at 5720 Cancun Drive North Richland Hills, TX.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 2,124 square feet across two duplex units; Each side offers approximately 1,062 sq ft, 2 bedrooms, and 2 full baths; Both units are currently leased
