2928 Aster St, Dallas, TX 75211
$219,000
Status: For Sale
- Gross Income
- $31,920
- Cap rate
- 8.27%
- NOI
- $18,120
- GRM
- 6.86
- Price / unit
- $109,500
- Price / sq ft
- $166
About 2928 Aster St
8.3% CAP RATE on projected market rents. This full duplex in Dallas gives you two rentable units and two ways to use it: hold it as an investment or live in one side and rent the other. The left unit is occupied and has 2 bedrooms, 1 bath, a living room, and a kitchen. The right unit is vacant and ready to rent. It has 1 bedroom, 1 bath, a living room, and a kitchen, with fresh paint, new flooring, and a new bathroom countertop. Major systems are already handled. The roof is about 2 years old. The plumbing is about 5 years old. The right side has a new water heater installed November 2024. Total of 3 bedrooms and 2 baths across 1,320 SF. Fill the vacant side, and the numbers work from day one.
Unit details
| Unit | Beds / Baths | Sq Ft | Current Rent | Market Rent | Lease Expiration | Notes |
|---|---|---|---|---|---|---|
| Unit 1 (left) | 2 / 1 | — | — | — | — | Occupied. Living room and kitchen. |
| Unit 2 (right) | 1 / 1 | — | — | — | — | Vacant. Fresh paint, new flooring, new bathroom countertop, new water heater (Nov 2024). |
Operating expenses
| Expense Category | Monthly | Annual | Paid By |
|---|---|---|---|
| Insurance | $150 | $1,800 | Owner |
| General Expenses | $1,000 | $12,000 | Owner |
Financial summary
- Gross monthly income
- $2,660
- Gross annual income
- $31,920
- Total annual expenses
- $13,800
- Net operating income (NOI)
- $18,120
- Cap rate
- 8.27%
- Gross rent multiplier (GRM)
- 6.86
Figures are supplied by the listing broker and are not verified by Duplexes.com. Verify all income and expense data independently.
Property details
- Year built
- 1930
- Building size
- 1,320 sq ft
- Lot size
- 7,013 sq ft
- Units
- 2
- MLS #
- 21400451
- Days on market
- 0