We ran the numbers for this Home Find of the Month and liked what we saw – it was a solid investment opportunity. This determination was based on three key factors: its market, specific location, and the actual property itself.
The Property Identification Process
Dallas/ Ft. Worth Market Conditions
So why the market of Dallas/ Ft. Worth? The city’s 105,000 expected new jobs are an excellent starting point. This, combined with the fact that monthly rent prices slated to rise (by 3.5% to $1,662 per month) and low vacancy rates (they’re expected to drop to 6.7%) make investing in this area a winning proposition. If that wasn’t enough, a shortage of available inventory also favors investors; thanks to this, they’re able to discount homes less and less (compared to previous months) when obtaining contracts. In fact, in this specific instance, our investor received 11% more in rent than was initially projected (while also saving 2% on the overall home purchase price).
Research Report: Location Assessment
Not underestimating the value of convenience, our staff paid attention to the home’s quick access to the Dallas/ Ft. Worth business districts (via I-30). Its idyllic, suburban location solidified the property’s status— although we were already quite confident in the Dallas/ Ft. Worth area’s overall attractiveness to investors and tenants. The sufficient saturation of schools, shopping spots, and other facilities cemented the fact that this location would hold tremendous appeal to renters. While the property’s market and location were already enough to make it a solid investment, its aesthetic appeal and layout put it over the top.
Floor Plan & Visual Appeal
A beautiful brick facade and ample square footage make this piece of modern Texas living a rental fit for royalty. It comes with a rustic outdoor chandelier and a spacious 5 bedroom/ 3 bath layout that appeal to renters. It’s also gives the opportunity for renters to live in the lap of luxury while bypassing property taxes! Take a look at this property:
Our hard work proved profitable for the investor, as renters quickly moved in after this property completed our rehab and marketing process.
Looking to Invest in a Growing Market Like Dallas?
Speak to one of our Solutions Managers now by calling 888-276-0232 or by scheduling a consultation now.