Well-Maintained Duplex
For Sale
$435,000
5720 Cancun Drive, North Richland Hills, TX 76180
Full duplex features two single-story units with private fenced backyards, covered parking, and brick exterior construction.
Property Size2,124 SF
Price / SF$204.80
Days on Market17
Property Features for 5720 Cancun Drive
General Information
Standard status
Active
Size
2,124 SF
Property subtype
Duplex
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,846
Amenities
private fenced backyards
covered parking
exterior storage
Building Details
Building Size
2,124 SF
Year Built
1985
Stories
1
Construction
brick
Tenancy
Multi
Listing Agency:
The Harvest House Realty Group
(817) 888-8849
Listed By:
Ragini Bhayani
Source:
Nilesrealtygroup
Added: Jul 27
Changed: Aug 11
Last Checked: Aug 12 at 3:04PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Harvest House Realty Group
Investment Insights
Based on property information with market context.
This for-sale duplex includes two separate single-story residences within a full duplex configuration. Each unit is described as approximately 1,062 square feet with 2 bedrooms, 2 full bathrooms, an open-concept living and dining area, and a spacious kitchen. The property was built in 1985 and includes private fenced backyards, covered parking, and exterior storage, with low-maintenance brick construction.
The duplex is located at 5720 & 5722 Cancun Drive in North Richland Hills, with easy access to Loop 820 and nearby shopping, dining, and major employment centers. The property is within Birdville ISD.
The layout is designed for independent living, with functional single-story floor plans in each unit and outdoor space provided by private fenced backyards.
The duplex is located at 5720 & 5722 Cancun Drive in North Richland Hills, with easy access to Loop 820 and nearby shopping, dining, and major employment centers. The property is within Birdville ISD.
The layout is designed for independent living, with functional single-story floor plans in each unit and outdoor space provided by private fenced backyards.
Key Highlights
- Full duplex built in 1985 with two single‑story units at 5720 & 5722 Cancun Drive
- Each unit has approximately 1,062 SF, 2 bedrooms, and 2 full bathrooms with open‑concept living and dining
- Spacious kitchens with functional single‑story floor plans in both units
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
3.68%
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 3.68%
Second Best
Apartment 5plus
$198.7K
$173.9K – $231.8K
NOI $13,910 @ 7.0% cap · market cap 3.20%
Theoretical Best
Office A
$747.2K
$653.8K – $871.7K
NOI $52,301 @ 7.0% cap · market cap 12.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Fenced yard
Yes
Highway access
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
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 - Full duplex features two single-story units with private fenced backyards, covered parking, and brick exterior construction.
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 $435,000.
What are key features of this property?
This property features: Full duplex built in 1985 with two single‑story units at 5720 & 5722 Cancun Drive; Each unit has approximately 1,062 SF, 2 bedrooms, and 2 full bathrooms with open‑concept living and dining; Spacious kitchens with functional single‑story floor plans in both units
