Dallas Texas Investment Property

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Dallas Investment Property
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NOTE: Due to heated market conditions, investors are contracting properties before they are ready for sale.  Because of this "fast" market, we have been forced to create a Priority List of investors interested in purchasing upcoming properties.  If you would like to be added to the list, please call or contact us for more information.


Potter Lane (Mequite), Dallas
6 Photos
Home for sale: Potter Lane (Mequite), Dallas, TX
   
Purchase Price: $125,000 Rental Income: $1,250
Bedrooms: 3 Property Tax: $116
Bathrooms: 2 Insurance/HOA: $50
Size: (sq ft) 1,950  Property Mgmt: $125
Year Built: 1970 Cash Flow: (NOI) $959
Parking: Street Cap Rate: 9.2%
DealGrader™: 8.3 Rent/Value Ratio: 1.0%
       
Nice 3 bedroom/2 bath brick in Mesquite, great kitchen with separate pantry and laundry room, good-sized bedrooms, and nicely equipped bathrooms. Beautiful fenced yard. Good location for rentals, good schools and easy commute to anywhere in the DFW area.
Yucca Drive, Dallas
9 Photos
Home for sale: Yucca Drive, Dallas, TX
   
Purchase Price: $97,000 Rental Income: $1,050
Bedrooms: 4 Property Tax: $94
Bathrooms: 2 Insurance/HOA: $50
Size: (sq ft) 1,616  Property Mgmt: $105
Year Built: 1954 Cash Flow: (NOI) $801
Parking: Street Cap Rate: 9.9%
DealGrader™: 8.4 Rent/Value Ratio: 1.1%
       
Look no further! This property is loaded, offering a spacious four bedroom, split floor plan. Included are two bathrooms, large eat-in kitchen with more than enough room for your dining table, large master suite with access to back yard. Don t let this deal pass you by!
Sesame Drive (Mesquite), Dallas
1 Photo
Home for sale: Sesame Drive (Mesquite), Dallas, TX
   
Purchase Price: $97,000 Rental Income: $900
Bedrooms: 3 Property Tax: $140
Bathrooms: 1 Insurance/HOA: $50
Size: (sq ft) 1,596  Property Mgmt: $90
Year Built: 1966 Cash Flow: (NOI) $620
Parking: Car Port Cap Rate: 7.7%
DealGrader™: 8.1 Rent/Value Ratio: 0.9%
       
Pretty 3 bedroom, 1 bath brick house with 1596 square feet of living space, in a good neighborhood with good schools and close to highways for a good commute. Don't miss out on this one!
Parkhaven Drive (Seagoville), Dallas
1 Photo
Home for sale: Parkhaven Drive (Seagoville), Dallas, TX
   
Purchase Price: $112,000 Rental Income: $1,195
Bedrooms: 3 Property Tax: $136
Bathrooms: 1 Insurance/HOA: $50
Size: (sq ft) 1,763  Property Mgmt: $120
Year Built: 1969 Cash Flow: (NOI) $890
Parking: Car Port Cap Rate: 9.5%
DealGrader™: 8.4 Rent/Value Ratio: 1.1%
       
Really nice brick house in a quiet established neighborhood with pretty lawns/landscaping and huge trees. This house features 3 big bedrooms and 1 bathroom with 1763 square feet of living space. Near I-20, and highway 175 for an easy commute to downtown Dallas. Don't snooze or you'll loose out on the opportunity to invest in this property in the booming North Texas area where there are plenty of jobs, good schools, and entertainment galore!
Braden Street (Mesquite), Dallas
1 Photo
Home for sale: Braden Street (Mesquite), Dallas, TX
   
Purchase Price: $95,000 Rental Income: $1,150
Bedrooms: 3 Property Tax: $169
Bathrooms: 2 Insurance/HOA: $50
Size: (sq ft) 1,309  Property Mgmt: $115
Year Built: 1956 Cash Flow: (NOI) $816
Parking: 2 car att. Cap Rate: 10.3%
DealGrader™: 8.5 Rent/Value Ratio: 1.2%
       
Cute little brick house in Mesquite with 3 bedrooms, 2 baths, and a 2-car garage just waiting for you! Established neighborhood with easy access to highways, schools, shopping, hospitals and all that Big D has to offer! Don't wait on this one!
Oleander Trail (Mesquite), Dallas
5 Photos
Home for sale: Oleander Trail (Mesquite), Dallas, TX
   
Purchase Price: $112,000 Rental Income: $1,225
Bedrooms: 4 Property Tax: $189
Bathrooms: 2 Insurance/HOA: $50
Size: (sq ft) 1,852  Property Mgmt: $123
Year Built: 1960 Cash Flow: (NOI) $864
Parking: 2 car att. Cap Rate: 9.3%
DealGrader™: 8.4 Rent/Value Ratio: 1.1%
       
Great one-story brick, 4 bedrooms with 2 bathrooms in an excellent location in Mesquite. Family room with woodburning fireplace, eat-in kitchen and formal dining, nice sunroom that looks out on a beautiful shady backyard with a storage building, and best of all, no back neighbors! Only 2 blocks to I-30 and very near I-635 for easy commutes to work.
Waldorf Street (Fort Worth), Dallas
23 Photos
Home for sale: Waldorf Street (Fort Worth), Dallas, TX
   
Purchase Price: $95,000 Rental Income: $1,345
Bedrooms: 2 x 3 Property Tax: $180
Bathrooms: 2 x 2 Insurance/HOA: $50
Size: (sq ft) 1,940  Property Mgmt: $135
Year Built: 2006 Cash Flow: (NOI) $981
Parking: Street Cap Rate: 12.4%
DealGrader™: 8.9 Rent/Value Ratio: 1.4%
       
Beautiful duplex with spacious rooms and wide kitchen.

One-Year Rent Guarantee
One-Year Rent Guarantee With Every Property!
Norada Real Estate Investments is pleased to offer a free one-year rent guarantee with every property.  It's another value-added service we provide our members.  Learn more  >>>

Overview

Dallas is a very large city located in the state of Texas. With a population of 1,223,229 people and 294 constituent neighborhoods, Dallas is the third largest community in Texas.

Dallas is neither predominantly blue-collar nor white-collar, instead having a mixed workforce of both blue-collar and white-collar jobs. Overall, Dallas is a city of sales and office workers, service providers and professionals. There are especially a lot of people living in Dallas who work in office and administrative support (13.78%), sales jobs (10.98%) and management occupations (7.33%).

Dallas, like many big cities in America, has a public transportation system, but the citizens of Dallas are lucky because theirs is one of the most extensive and widely used. Many commuters choose to leave their cars at home and instead use the bus to get to and from work. In fact, for some people it is feasible to forgo car ownership entirely, avoiding the cost and headache of driving in heavy traffic. The benefits include reduced air pollution and load on the road network.

Dallas Information and Demographics

In terms of college education, Dallas is somewhat better educated than the 21.84% who have a 4-year degree or higher in the typical US community: 28.62% of adults 25 and older in the city have at least a bachelor's degree.

The per capita income in Dallas in 2010 was $26,716, which is upper middle income relative to Texas and the nation. This equates to an annual income of $106,864 for a family of four. However, Dallas contains both very wealthy and poor people as well.

Dallas is an extremely ethnically-diverse city. The people who call Dallas home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Dallas residents report their race to be White, followed by Black or African-American. Dallas also has a sizeable Hispanic population (people of Hispanic origin can be of any race). People of Hispanic or Latino origin account for 42.35% of the city’s residents. Important ancestries of people in Dallas include German, English and Irish.

In addition, Dallas has a lot of people living here who were born outside of the US (24.86%).

The most common language spoken in Dallas is English. Some people also speak Spanish.


Information by Department of Numbers, Bureau of Labor Statistics, U.S. Census Bureau and Locatoin Incorporated are deemed reliable but not guaranteed.

Statistics for Single Family Homes and Condos in Dallas, TX
$240,610 44 2,608 0.0%
Median
Listing Price
Median
Days on Market
Active Listings Distressed Listings
(foreclosures & short sales)
Median Price Trends — Dallas, TX
Market Inventory Trends — Dallas, TX
Average Days on Market — Dallas, TX
Market Action Index — Dallas, TX

Information by realestate.com and altosresearch.com are deemed reliable but not guaranteed.

Additional Statistics for Dallas, TX
462,589 157,155 32 23 minutes
Number of Homes Homes
with Children
Median Age Average
Commute Time
Unemployment Rate Trends — Dallas, TX
Unemployment Rate Trends - Dallas, Texas
            Dallas, Texas, National.   (Recessions shown as gray bars.)
Total Employment Trends — Dallas, TX
Total Employment - Dallas, Texas
            CPS - Current Population Survey,  CES - Current Employment Statistics.
Real Median Household Income Trends — Dallas, TX
Real Median Household Income Trends - Dallas, Texas
            Dallas, Texas, National.
Home Rent-to-Mortgage Payment Ratio — Dallas, TX
Home Rent-to-Mortgage Payment Ratio - Dallas, Texas

The rent-to-mortgage payment ratio uses the adjusted market rent against a 100% loan-to-value mortgage (30-year fixed) for the median price home using MLS sales statistics.  A ratio of 1.0 means that annual rent is equivalent to annual mortgage payments.  Values less than 1.0 indicate rents are cheaper, and values greater than 1.0 mean mortgage payments are cheaper.  (Note: taxes are not considered here.)

The rent-to-mortgage payment ratio for Dallas was 1.15 in December 2012.

Information by Department of Numbers, Bureau of Labor Statistics, U.S. Census Bureau deemed reliable but not guaranteed.

Price Forecast for Dallas, TX  (MSA)
7.5% 11.4% 15.3% 19.1%
Next 24 Months Next 36 Months Next 48 Months Next 60 Months

Metropolitan Statistical Area (MSA) represents the current U.S. defined sampling area or region for reporting data to various local and state governments.  MSAs may cross county and state lines to form a qualified statistical region.



More Properties Coming Soon!

Basic Purchase Information

Est. Property Value $
Purchase Price $
Down Payment (%) $
Equity at Purchase $

Mortgage Calculations

Interest Rate (%)
Down Payment (%)
Loan Term (Fixed)
Loan Amount: $, Loan Term: yrs, Interest Rate: %
Monthly Payment $
Annual Payment $

Cash at Closing

Loan Amount $
Down Payment (%) $
Closing Costs (%) $
Total Cash Required $
 
* Blue boxes can be changed.

Financial Performance Summary

Cap Rate (Year 1)
Cash on Cash Return
Total Equity at Year 5 $

Calculation Assumptions

Rental Income (Monthly) $
Property Taxes $
Insurance $
Homeowners Assoc. $
Management Fee (%)
Maintenance Reserve (%)
Appreciation Rate (%)
Vacancy Allowance (%)
Rental Income Increase (%)
Property Tax Increase (%)
Closing Costs (Buy) (%)
Closing Costs (Sell) (%)

Cash Flow and Equity Accumulation

CASH-FLOW YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR 10 YEAR 20 YEAR 30
Gross Scheduled Income
Vacancy Allowance
Total Operating Income
                 
Property Taxes
Insurance
Homeowners Association
Maintenance Reserve
Property Management
Total Operating Expenses
                 
Net Operating Income (NOI)
less Mortgage Expense
GROSS CASH FLOW
                 
EQUITY ACCUMULATION YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR 10 YEAR 20 YEAR 30
Property Value
less Mortgage Balance
EQUITY (WEALTH)
                 
TAX BENEFIT YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR 10 YEAR 20 YEAR 30
Depreciation
Mortgage Interest
                 
FINANCIAL PERFORMANCE YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR 10 YEAR 20 YEAR 30
Capitalization (Cap) Rate
Cash on Cash Return (COC)
Return on Investment (ROI)
Internal Rate of Return (IRR)
Coming soon...