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100979 . 13 Home SFR Dallas TX - Availability Details

100979 . 13 Home SFR , Dallas, TX 75224

  • For Sale $4,650,000
  • Property Type Multi-Family
  • Property Size 23,695 SF
  • Lot Size 2.52 Acre
  • Year Built 1973
  • Date Updated Apr 15, 2022
Among all the cities located in Dallas County in Texas, Dallas is the biggest. Dallas occupies the most significant portion of land in the Texas state, even expanding to adjacent counties such as Collin, Denton, Kaufman, and Rockwell. Dallas is the ninth most populous city, surpassing the 13 million. Today, Dallas is the 9th largest city in the United States. Dallas is currently growing at a rate of 0.13% annually and has had a 12.61% growth in population from the last time it was surveyed, which recorded 1,197,816 habitants in 2010. Dallas’s population density has been recorded as 3,970 people per square mile. Due to incredible efforts done by the city’s leaders to push Dallas forward, it has recently been rated as a “beta plus” world city. Aside from being one of the fastest-growing in the country, the Dallas metropolitan area is also the 7th largest metro area across the nation. The Hispanic population in Dallas is also pretty significant, 36.8% being Mexican, 0.3% Puerto Rican, 0.2% Cuban, and 4.3% amongst other Hispanic or Latin ethnicities. Historically, Dallas’ communities have been white for the most part, with non-Hispanic whites accounting for 83% of the population. However, the city’s population has drastically changed in the last 20 years, accounting for a more significant and diverse community. Texas has led the United States’ economic growth throughout the last few years. Dallas has played a crucial role by developing one of the most diverse economic sectors across the nation. Some include defense, financial services, information technology, telecommunications, and transportation. Dallas is also home to nine fortune 500 companies within the city limits. Over 41 colleges and universities are located within its metropolitan area, being the highest concentration of education centers in any metropolitan across Texas. In conclusion, the opportunity to buy an investment portfolio in Dallas is rare, and many players are hunting for a chance to include this city in their books. It is a wise decision for investors to consider this portfolio and not miss out on what many may call a golden occasion.
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Location

  • City Dallas, TX
  • Neighborhood Wynnewood
  • Zip Code 75224
  • Market Dallas Fort Worth

Contacts

broker

Thomas C. Johnston

SVN | SFRhub Advisors

(602) 403-3695

Highlights

  • Recently renovated properties
  • Significant opportunity to purchase an SFR package in one of the top rental markets in the country
  • Very low supply of inventory on market, enabling rent growth & high occupancy
  • Quality 3- and 4-Bedroom unit mix in desirable locations
  • Strong in-place cash flow with achievable rental increases
  • Stabilized Year 1 Gross Yield of 7.40%
  • Year 1 stabilized leveraged IRR of 22.28%
  • The average price per sq. FT of just $196
  • Six percent rent growth for 2021, 4% projected for 2022
  • DFW has the highest weighted median rents in Texas, at $1778 per month
  • 2020 ranked #14th Best-Performing City in the USA, according to Milken Institute
  • DFW existing home values increased over 20% YOY and still climbing
  • Apartment rent growth of 15% in the DFW market
  • Five percent employment growth YOY to date and 3.6% (2021) and 3.1% (2022) projected out
  • All SVN® Offices Independently Owned & Operated
  • Local Broker License Information: www.SFRhub.com/realstatelicensing

Frequently Asked Questions

What year was 100979 . 13 Home SFR Dallas TX built and finished?

100979 . 13 Home SFR Dallas TX was completed in 1973.

Contact Listing Broker

broker

Thomas C. Johnston

SVN | SFRhub Advisors

(602) 403-3695

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