Dallas Texas Investment Property

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Dallas Investment Property
Rental Income Protection for Investment Property


 Oak Trail (Desoto), Dallas, 75115  [AREI]
1 Photo
Home for sale: Oak Trail (Desoto), Dallas, TX
   
Purchase Price: $191,500 Rental Income: $1,695
Bedrooms: 4 Property Tax: $299
Bathrooms: 2 Insurance/HOA: $208
Size: (sq ft) 2,052  Property Mgmt: $136
Price/Sq foot:  $93 Cash Flow: (Raw) $1,052
Year Built: 1966 Cap Rate: 6.6%
Parking: Rent/Value Ratio: 0.9%
Neighborhood: B DealGrader™: 7.2
Great home in Great Location!  Rehab is underway!
 Sophora Cir, Dallas, 75249  [AREI]
1 Photo
Home for sale: Sophora Cir, Dallas, TX
   
Purchase Price: $185,200 Rental Income: $1,550
Bedrooms: 3 Property Tax: $319
Bathrooms: 2 Insurance/HOA: $83
Size: (sq ft) 2,095  Property Mgmt: $124
Price/Sq foot:  $88 Cash Flow: (Raw) $1,024
Year Built: 1978 Cap Rate: 6.6%
Parking: Rent/Value Ratio: 0.8%
Neighborhood: A– DealGrader™: 7.2
Currently under renovation!
 Wedgway Dr (Fort Worth), Dallas, 76133  [PPR]
1 Photo
Home for sale: Wedgway Dr (Fort Worth), Dallas, TX
   
Purchase Price: $195,000 Rental Income: $1,595
Bedrooms: 3 Property Tax: $331
Bathrooms: 2 Insurance/HOA: $110
Size: (sq ft) 2,030  Property Mgmt: $160
Price/Sq foot:  $96 Cash Flow: (Raw) $995
Year Built: 1965 Cap Rate: 6.1%
Parking: Rent/Value Ratio: 0.8%
Neighborhood: B+ DealGrader™: 7.2
Great Investment opportunity!
 Wormar Ave (Fort Worth), Dallas, 76133  [PPR]
1 Photo
Home for sale: Wormar Ave (Fort Worth), Dallas, TX
   
Purchase Price: $192,000 Rental Income: $1,595
Bedrooms: 3 Property Tax: $326
Bathrooms: 2 Insurance/HOA: $110
Size: (sq ft) 1,950  Property Mgmt: $160
Price/Sq foot:  $98 Cash Flow: (Raw) $1,000
Year Built: 1963 Cap Rate: 6.2%
Parking: Rent/Value Ratio: 0.8%
Neighborhood: B+ DealGrader™: 7.2
Great investment opportunity in Fort Worth!
 Kermit Ave (Fort Worth), Dallas, 76116  [PPR]
1 Photo
Home for sale: Kermit Ave (Fort Worth), Dallas, TX
   
Purchase Price: $175,000 Rental Income: $1,495
Bedrooms: 3 Property Tax: $295
Bathrooms: 2 Insurance/HOA: $100
Size: (sq ft) 1,713  Property Mgmt: $150
Price/Sq foot:  $102 Cash Flow: (Raw) $951
Year Built: 1971 Cap Rate: 6.5%
Parking: Rent/Value Ratio: 0.9%
Neighborhood: B DealGrader™: 7.2
Wonderful opportunity!

More Properties Coming Soon!

POPULATION GROWTH

  • Birth rates in DFW are higher than the national average.
  • DFW is the recipient of substantial immigration from Mexico.
  • Cost of living is low and quality of life is high attracting families, businesses, and retirees to the great state of Texas.
  • The Dallas-Fort Worth area’s population has grown by nearly 1.3 million from 2000-2009.
  • The Dallas, TX metro is forecasted to add 4 million new people from 2010 – 2040 according to the Texas Data Center and the North Texas Water Board.
  • In 2009, the population of Texas grew by 231,539!  That is more growth than Florida, Arizona, California, Nevada and Colorado, combined.

JOB GROWTH

  • The DFW job market is strong. ~60,000 net new jobs were created August 2010 to August 2011.
  • According to the US Bureau of Labor & Statistics, Dallas job growth is twice the national average.  An educated populace and a cost of living below the national average, make Dallas enticing to companies seeking a lower cost but highly qualified workforce.
  • Dallas recovered 158.9% of jobs lost since the last recession began. (BLS)

ECONOMY

  • The Dallas economy is primarily based on banking, commerce, telecommunications, computer technology, energy, and transportation.  North Texas has 28% of the state’s workforce, employing more than 350,000 in health care, 225,000 in high-tech and 68,000 aviation-related jobs.  North Texas has 20 colleges and universities, 17 graduate schools, 3 medical/dental schools, 2 law schools and 20 community college campuses.

TAXES / COST OF LIVING

  • No personal or corporate state income tax.
  • Maximum state and city sales tax of 8.25%.

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.

Price Forecast for Dallas, TX  (MSA)
7.4% 11.2% 15.0% 18.7%
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.

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.


Basic Purchase Information

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

Mortgage Calculation

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

Cash to Purchase

Down Payment  (%) $
Closing Costs  (%) $
Total Cash Required $
 
    Numbers in blue boxes can be modified.
    Calculations under all tabs update in real-time.
 
 

Calculation Assumptions

Rental Income (mo.) $
Property Taxes $
Insurance (est.) $
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
  less Vacancy Allowance
Total Operating Income
                 
Property Taxes
Insurance (est.)
Homeowners Association
Maintenance Reserve
Property Management
Total Operating Expenses
                 
Net Operating Income (NOI)
  less Mortgage Expense
ANNUAL CASH FLOW
MONTHLY CASH FLOW
                 
TAX BENEFITS YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR 10 YEAR 20 YEAR 30
Depreciation
Mortgage Interest
                 
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)
                 
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)


Note: Google's Street View images may be as much as two years old.





Please contact us for neighborhood specific information and demographics.

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