Wednesday, October 30, 2019
NOVEMBER 2019 - INVESTMENT PROPERTY UPDATE - DALLAS, FT WORTH, HOUSTON, SAN ANTONIO & AUSTIN
Texas Real Estate Commission Information About Brokerage
Thanks for visiting the DFW Investment Blog,
Below is the NOVEMBER 2019 update. Typically the time of year owners get real on selling if they are going to sell.
If you have specific parameters (area/property type/size/price/etc), please let me know.
When clicking on below links, you can click on DISPLAY on the upper right of page to display property by property details.
NOVEMBER 2019 LIST
SHORT LIST OF DUPLEXES
FULL LIST OF DUPLEXES
SHORT LIST OF TRI/QUAD PLEXES
FULL LIST OF TRI/QUAD PLEXES
FULL LIST OF COMMERCIAL MULTI-FAMILY
OTHER PROPERTIES FOR SALE – Updated 10/30/2019
0. 15 Townhome package in North Euless off Hwy 360 - $2M - Off Market (Great location).
1. Brand new 4-plexes in New Braunfels, great location, 3 bed units - $725,000
2. 4-plex in Weatherford - Complete Hands Off - HOA runs it all - Owners Split All - seller said they would take $385,000
4. New build 4-plex, Northwest Houston - Year 2018 - $689,000 - 6.9% Cap - Hot Area
6. New build duplexes in New Braunfels, north of San Antonio - $355K - decent selection
7. 12 Units near UTA in Arlington - $725,000 - Class C asset
8. 22 units - Townhome style - next to Sam Houston St Univ - 7.8% Cap - $3.7M - newer build
9. 19 units in Denton - Near TWU and UNT - $2.050M - 6% Cap - 8% after minor updates
10. 12 unit apartment complex - College Station (Texas A&M) - $1.555M
12. New Construction - 16 unit Apartment Complex - PreLeasing has started - $1.9M - 8% Cap per builder - Great Houston Area
13. 4-plex in College Station - on the bus route - $345,000 - $2,975 monthly rent
14. San Antonio 4-plex - $656,000 - Brand New Build
15. 4 duplexes in Copperas Cover - Near Killeen - 8.5% Cap - $625,000
16. Duplex in Central Plano, TX - $450,000
17. 8 unit MF in Bishop Arts of Oak Cliff - Location/Location - $1.1M
18. 24 units - built 2016 - Next to UNT in Denton - $3.5M
19. Walk to Baylor - 12 units in 2 buildings - Year 2015 build - $935,000
20. 13 Units in San Marcos - Close to Texas State University - $1.59M - stays near 100% Occupancy
23. 16 Unit - High End - Next to Northgate and Texas A&M - Great Location - $2.5M
25. 8 Class B Garden Homes - Great North San Antonio location - $725,000
27. 16 Class C units - Fast Growing Conroe, TX (north, north Houston) - all 2/2 units - $1.9M
28. 24 units - New Build MF - Denton - next to UNT - $4.9M
29. Off market duplex in Old East Ft Worth - $199,000 - both units on new 1 yr leases at $995 per month
30. 6 units next to TCU in Ft Worth - $1,250,000 - $82k NOI - Great area
31. 19 unit new builder Apartment Complex - Denton, TX - next to UNT. $3.55M - 5.4% Cap
32. 9 duplexes, 18 units in Kileen, TX (NW of Austin) - Large Military Base - Built 2014 - $1.935M
33. 8 Unit apartment complex in South Austin - $1.965M - 5% Cap - Some units renovated (another 6 unit next door for sale at $1.728M
34. 16 unit apartment complex in Arlington, next to UTA campus
NEW SINGLE FAMILY RENTAL LIST – BETTER SCHOOLS
Best ISDs to consider right now on Single Family are Keller ISD, Mansfield ISD, Northwest ISD, McKinney ISD, Birdville ISD
BUILDER INVENTORY
This time of year we start to see the builders get more aggressive on SPEC inventory. This has been limited since the Housing Bust of 2008 but I am getting more and more emails from builders with discounts on increasing inventory. Some still don’t allow investors but worth a look if wanting a newer product.
HALF DUPLEXES
This is becoming a more popular option than town homes. Typically better locations, lower price and No HOA fees gets them to a better cash flow number. Also popular for those investors working the AirBnB model to achieve higher cash flow.
FLAT FEE MLS LISTING (100s of Internet Sites) - $150 – GREAT WAY TO LIST FOR SALE AND FOR LEASE PROPERTIES
I offer a Flat Fee MLS service to list your investment property or unit for rent on MLS. First listing is a flat $150 and each listing after is $125. The flat fee gets the property on MLS and all the sites that pull feeds from those sources. Great exposure for your property. If you would like information on this program, please call or email.
FULL SERVICE LISTING - 1% Listing Fee
If you need more than the MLS Flat Fee service, I will be offering Full Service listing for only 1% on the listing side (still reserve 2-3% for buyer broker). Reduced commission but full representation of photos, signs, lockbox, negotiations, etc.
Texas Real Estate Commission Information About Brokerage
Please call/email for details.
Again, I am a State of Texas licensed Realtor that works with buyers to locate property. My focus throughout the Dallas/Ft Worth Metroplex are duplexes, 4-plexes and small commercial multi-family property. This blog is updated bi-monthly (I also send out a bi-monthly email with the latest property update, let me know if you would like to be added to that list).
Texas Income property, duplexes, 4-plexes, apartment complex, quad plex, quads, duplex, single family investment, Dallas Real Estate, Fort Worth Real Estate, DFW income property, austin duplexes, houston income property, san antonio duplexes
Friday, October 25, 2019
Duplex & 4-Plex Numbers - Updated with Monthly #s
Duplex and 4-plex by the numbers. There are several 2-4 unit properties for sale right now. Many are overpriced, when evaluating the current inventory (outside of the overall location), some things to review:
Property price is $200,000
Tax of $5,400 (2.7%) - Insurance of $1,200 - 20% Down - $150 Misc Expenses
Monthly rental income of $1,800 - Monthly cash flow of $289
Monthly rental income of $2,000 - Monthly cash flow of $489
Not factored is vacancy (typically 5%) and MGMT fee - Lots of ways to avoid MGMT Fees these days. If owner is paying any utilities, that would be factored as well, most duplexes tenants pay all - 4-plexes will vary on separate water meters and electric. Also, 4-plexes will carry a higher monthly Misc Expense
Property price is $250,000
Tax of $6,750 (2.7%) - Insurance of $1,500 - 20% Down - $150 Misc Expenses
Monthly rental income of $2,300 - Monthly cash flow of $450
Monthly rental income of $2,500 - Monthly cash flow of $650
Not factored is vacancy (typically 5%) and MGMT fee - Lots of ways to avoid MGMT Fees these days.
Property price is $300,000
Tax of $8,100 (2.7%) - Insurance of $1,700 - 20% Down - $150 Misc Expenses
Monthly rental income of $2,600 - Monthly cash flow of $434
Monthly rental income of $2,900 - Monthly cash flow of $734
Not factored is vacancy (typically 5%) and MGMT fee - Lots of ways to avoid MGMT Fees these days.
Property price is $330,000
Tax of $8,910 (2.7%) - Insurance of $2,000 - 20% Down - $150 Misc Expenses
Monthly rental income of $2,900 - Monthly cash flow of $502
Monthly rental income of $3,200 - Monthly cash flow of $802
Not factored is vacancy (typically 5%) and MGMT fee - Lots of ways to avoid MGMT Fees these days.
Property price is $360,000
Tax of $9,720 (2.7%) - Insurance of $2,200 - 20% Down - $150 Misc Expenses
Monthly rental income of $3,200 - Monthly cash flow of $597
Monthly rental income of $3,500 - Monthly cash flow of $897
Not factored is vacancy (typically 5%) and MGMT fee - Lots of ways to avoid MGMT Fees these days.
Property price is $400,000
Tax of $10,800 (2.7%) - Insurance of $2,400 - 20% Down - $150 Misc Expenses
Monthly rental income of $3,300 - Monthly cash flow of $429
Monthly rental income of $3,700 - Monthly cash flow of $829
Not factored is vacancy (typically 5%) and MGMT fee - Lots of ways to avoid MGMT Fees these days.
These numbers are approximate of course but a good way to quickly gauge cash flow when looking at rents and list price. The 1:1 rule has changed over the years with higher pricing on properties.
* I send out a 2x month Cash Flow Property Update - email if you would like to be added to the list
** I also do a Flat Fee Listing for $150 or a Full Service Listing at 1% - Ask for Details.
*** 14 years experience in DFW
Property price is $200,000
Tax of $5,400 (2.7%) - Insurance of $1,200 - 20% Down - $150 Misc Expenses
Monthly rental income of $1,800 - Monthly cash flow of $289
Monthly rental income of $2,000 - Monthly cash flow of $489
Not factored is vacancy (typically 5%) and MGMT fee - Lots of ways to avoid MGMT Fees these days. If owner is paying any utilities, that would be factored as well, most duplexes tenants pay all - 4-plexes will vary on separate water meters and electric. Also, 4-plexes will carry a higher monthly Misc Expense
Property price is $250,000
Tax of $6,750 (2.7%) - Insurance of $1,500 - 20% Down - $150 Misc Expenses
Monthly rental income of $2,300 - Monthly cash flow of $450
Monthly rental income of $2,500 - Monthly cash flow of $650
Not factored is vacancy (typically 5%) and MGMT fee - Lots of ways to avoid MGMT Fees these days.
Property price is $300,000
Tax of $8,100 (2.7%) - Insurance of $1,700 - 20% Down - $150 Misc Expenses
Monthly rental income of $2,600 - Monthly cash flow of $434
Monthly rental income of $2,900 - Monthly cash flow of $734
Not factored is vacancy (typically 5%) and MGMT fee - Lots of ways to avoid MGMT Fees these days.
Property price is $330,000
Tax of $8,910 (2.7%) - Insurance of $2,000 - 20% Down - $150 Misc Expenses
Monthly rental income of $2,900 - Monthly cash flow of $502
Monthly rental income of $3,200 - Monthly cash flow of $802
Not factored is vacancy (typically 5%) and MGMT fee - Lots of ways to avoid MGMT Fees these days.
Property price is $360,000
Tax of $9,720 (2.7%) - Insurance of $2,200 - 20% Down - $150 Misc Expenses
Monthly rental income of $3,200 - Monthly cash flow of $597
Monthly rental income of $3,500 - Monthly cash flow of $897
Not factored is vacancy (typically 5%) and MGMT fee - Lots of ways to avoid MGMT Fees these days.
Property price is $400,000
Tax of $10,800 (2.7%) - Insurance of $2,400 - 20% Down - $150 Misc Expenses
Monthly rental income of $3,300 - Monthly cash flow of $429
Monthly rental income of $3,700 - Monthly cash flow of $829
Not factored is vacancy (typically 5%) and MGMT fee - Lots of ways to avoid MGMT Fees these days.
These numbers are approximate of course but a good way to quickly gauge cash flow when looking at rents and list price. The 1:1 rule has changed over the years with higher pricing on properties.
* I send out a 2x month Cash Flow Property Update - email if you would like to be added to the list
** I also do a Flat Fee Listing for $150 or a Full Service Listing at 1% - Ask for Details.
*** 14 years experience in DFW
Monday, October 14, 2019
MID OCTOBER 2019 - INVESTMENT PROPERTY UPDATE - STATE OF TEXAS
Texas Real Estate Commission Information About Brokerage
Thanks for visiting the DFW Investment Blog,
Below is the MID OCTOBER 2019 update.
If you have specific parameters (area/property type/size/price/etc), please let me know.
When clicking on below links, you can click on DISPLAY on the upper right of page to display property by property details.
MID OCTOBER 2019 LIST
SHORT LIST OF DUPLEXES
FULL LIST OF DUPLEXES
SHORT LIST OF TRI/QUAD PLEXES
FULL LIST OF TRI/QUAD PLEXES
FULL LIST OF COMMERCIAL MULTI-FAMILY
OTHER PROPERTIES FOR SALE – Updated 10/15/2019
0. 15 Townhome package in North Euless off Hwy 360 - $2M - Off Market (Great location).
1. Brand new 4-plexes in New Braunfels, great location, 3 bed units - $725,000
4. New build 4-plex, Northwest Houston - Year 2018 - $689,000 - 6.9% Cap - Hot Area
6. New build duplexes in New Braunfels, north of San Antonio - $355K - decent selection
7. 12 Units near UTA in Arlington - $725,000 - Class C asset
8. 22 units - Townhome style - next to Sam Houston St Univ - 7.8% Cap - $3.7M - newer build
9. Duplex next to Baylor Campus in Waco - $300,000 - 2 units, 4 beds per unit
10. 12 unit apartment complex - College Station (Texas A&M) - $1.555M
11. Overpriced Duplex Packages - North Dallas - Two Sets worth a look if owner gets real on price or package deal
12. New Construction - 16 unit Apartment Complex - PreLeasing has started - $1.9M - 8% Cap per builder - Great Houston Area
13. 4-plex in College Station - on the bus route - $345,000 - $2,975 monthly rent
14. San Antonio 4-plex - $656,000 - Brand New Build
15. 4 duplexes in Copperas Cover - Near Killeen - 8.5% Cap - $625,000
16. New build 4-plexes in San Antonio - $565,000
17. 8 unit MF in Bishop Arts of Oak Cliff - Location/Location - $1.1M
18. 24 units - built 2016 - Next to UNT in Denton - $3.5M
19. Walk to Baylor - 12 units in 2 buildings - Year 2015 build - $935,000
20. 13 Units in San Marcos - Close to Texas State University - $1.59M - stays near 100% Occupancy
21. Full duplex in Richardson - Great Street - $380,000 - Central Richardson
23. 16 Unit - High End - Next to Northgate and Texas A&M - Great Location - $2.5M
25. 8 Class B Garden Homes - Great North San Antonio location - $725,000
26. 38 Units - East Dallas - Great area to Lakewood and Downtown Dallas - $5.0M
27. 16 Class C units - Fast Growing Conroe, TX (north, north Houston) - all 2/2 units - $1.9M
28. 24 units - New Build MF - Denton - next to UNT - $4.9M
29. Off market duplex in Old East Ft Worth - $199,000 - both units on new 1 yr leases at $995 per month
30. 6 units next to TCU in Ft Worth - $1,250,000 - $82k NOI - Great area
NEW SINGLE FAMILY RENTAL LIST – BETTER SCHOOLS
Best ISDs to consider right now on Single Family are Keller ISD, Mansfield ISD, Northwest ISD, McKinney ISD, Birdville ISD
BUILDER INVENTORY
This time of year we start to see the builders get more aggressive on SPEC inventory. This has been limited since the Housing Bust of 2008 but I am getting more and more emails from builders with discounts on increasing inventory. Some still don’t allow investors but worth a look if wanting a newer product.
HALF DUPLEXES
This is becoming a more popular option than town homes. Typically better locations, lower price and No HOA fees gets them to a better cash flow number. Also popular for those investors working the AirBnB model to achieve higher cash flow.
FLAT FEE MLS LISTING (100s of Internet Sites) - $150 – GREAT WAY TO LIST FOR SALE AND FOR LEASE PROPERTIES
I offer a Flat Fee MLS service to list your investment property or unit for rent on MLS. First listing is a flat $150 and each listing after is $125. The flat fee gets the property on MLS and all the sites that pull feeds from those sources. Great exposure for your property. If you would like information on this program, please call or email.
FULL SERVICE LISTING - 1% Listing Fee
If you need more than the MLS Flat Fee service, I will be offering Full Service listing for only 1% on the listing side (still reserve 2-3% for buyer broker). Reduced commission but full representation of photos, signs, lockbox, negotiations, etc.
Texas Real Estate Commission Information About Brokerage
Please call/email for details.
Again, I am a State of Texas licensed Realtor that works with buyers to locate property. My focus throughout the Dallas/Ft Worth Metroplex are duplexes, 4-plexes and small commercial multi-family property. This blog is updated bi-monthly (I also send out a bi-monthly email with the latest property update, let me know if you would like to be added to that list).
Texas Income property, duplexes, 4-plexes, apartment complex, quad plex, quads, duplex, single family investment, Dallas Real Estate, Fort Worth Real Estate, DFW income property, austin duplexes, houston income property, san antonio duplexes
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