100496 . 45 Home SFR Dallas TX

100496 . 45 Home SFR Dallas TX Dallas, TX 75081

100496 . 45 Home SFR Dallas TX, Dallas, TX, 75081
100496 . 45 Home SFR Dallas TX, Dallas, TX, 75081
Property Type:
MultiFamily Apartments
Cap Rate:
Last Verified:
Jul 07, 2020

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Introducing a high performing 45 home single-family detached portfolio that is located in the Dallas-Fort Worth TX metro area, which was just recently ranked the #9 Best-Performing City in the USA, according to Milken Institute. This ranking is based on job growth, income growth, and GDP growth. Demand for homes in these areas are high and continuing to increase as DFW sets job-growth highs, according to RentRange’s recent metro report. The high inward migration and shortage of affordable homes has continued to push home prices out-of-reach for many consumers, and created a high demand for single family rentals.

This portfolio contains homes in both Dallas and Tarrant county, across the cities of Dallas, Lancaster, Mesquite, Grand Prairie, Desoto, Fort Worth, Balch Springs, Irving, Garland, and Richardson. The floorplan mix is heavy in 3 bedroom homes (91%) with square footage of all individual homes ranging from 925 to 2,471. High performing properties create a low vacancy rate of only 2.14%, creating an instant cash-flowing asset for the new investor to take advantage of. Current management has successfully leased these homes at solid rents, but there is still opportunity to raise them by nearly 9% to reach their full operating potential at market rate. Insurance expenses can be decreased to one-third the current amount by placing a master insurance policy on the whole portfolio versus each of the individual homes, further adding to the bottom line. Majority of the homes include an attached garage and are single level.

The seller purchased the bulk of the portfolio in 2017 and 2018 and renovated all homes to a similar spec level in the 24 months post-purchase, curing the package of deferred maintenance for the next owner.


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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.