220 N Waxahachie Street Mission, TX 78573
Duplex with two units, oversized backyard, great investment opportunity.
Property Features for 220 N Waxahachie Street
General Information
- Standard status
- Active
- Size
- 2,016 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1997
Listing office LV Real Estate Group, LLC
Listing date Jun 28, 2024
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of LV Real Estate Group, LLC
Investment Insights
Based on property information with market context.
Key Highlights
- Fully occupied duplex providing immediate rental income.
- Great opportunity for investors or those seeking extra income.
- Each unit features 2 bedrooms and 1 bathroom.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $33.4k | $16.56 |
| − Vacancy | −$3.9k | −$1.92 |
| EGI | $29.5k | $14.64 |
| − OpEx | −$13.3k | −$6.59 |
| NOI | $16.2k | $8.05 |
