100537 . 10 Home SFR Dallas TX

100537 . 10 Home SFR Dallas TX Dallas, TX 75277

100537 . 10 Home SFR Dallas TX, Dallas, TX, 75277
10 HOME SFR PORTFOLIO DALLAS-FT WORTH TX (METRO)
100537 . 10 Home SFR Dallas TX, Dallas, TX, 75277
FOR SALE
Property Type:
Other Residential
Amount:
$2,135,000
Cap Rate:
5.69%
Last Verified:
Jul 07, 2020

Description

For more information visit www.SFRhub.com and search for portfolio 100537!

Welcome to the community of Parkway Village, a subdivision containing both retail homes, along with these purpose-built for rent homes.

Constructed in 2016, these single-family detached homes are the highest performing 10 homes of a larger package being offered by the seller. Quality finishes throughout, these investment homes are durable and attractive to future tenants, and will make for lower turn costs at tenant turnover. Being recently built homes and contained in close proximity, this portfolio is naturally efficient to manage, further decreasing property management and maintenance expenses. Floorplans range from 1,995 SF to 2,147 SF spread across 2 stories, and all contain 4 bedrooms and 2.5 baths. Private backyards surrounded by a wood fence creates the perfect play space for children or dogs. All homes are equipped with attached 2 car garages, these homes are ideal for families. Fully occupied with background-checked residents, these homes have shown to be in high demand, attracting multiple applications when becoming available. Currently achieving high market rents, the portfolio can be pushed an additional 7% to full market rates, further increasing their returns.

Dallas-Fort Worth TX metro area, which was 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 have continued to push home prices out-of-reach for many consumers and created a high demand for single-family rentals.

Don’t miss this rare opportunity to acquire these high-demand and top performing rental homes ideally positioned next door to each other in the ever-expanding city of Dallas, Texas!

Highlights
  • For more information visit www.SFRhub.com and search for portfolio 100537!
  • 100% occupied with background-checked residents
  • Dallas-Fort Worth TX metro ranked #9 Best-Performing City in the USA (Milken Institute)
  • Opportunity to further increase returns by pushing rents an additional 7% to full market rates
  • High inward migration and shortage of affordable homes has created high demand for rentals
  • Quality finishes create durability and decrease potential turn costs at tenant turnover
  • Newly purpose-built for rent in 2016, located within a community of owner-occupants as well
  • Selected highest performing 10 homes of a larger package being offered by the seller
  • Floorplans range from 1,995 SF to 2,147 SF
  • Homes historically have quickly attracted multiple applications when becoming available

Additional URLs

Map of 100537 . 10 Home SFR Dallas TX, Dallas, TX, 75277

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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.