Dallas is a great market for investment in single-family rental properties. Rental prices there increased by 4.7% in 2013 and have continued growing thus far in 2014.
Home values in Dallas saw a healthy increase in 2013 and are expected to increase an additional 5.4% in 2014. The city’s job market is also strong, increasing 3.2% in 2013, which is well above the national increase of 1.8%, while the median income is 9.8% above the national average.
In terms of future employment opportunities, the outlook for Dallas is great as well. It’s the new corporate headquarters for Toyota, who added 4,000 jobs to the area in 2013 alone. The Dallas-Fort Worth area is also home to 18 of the Fortune 500’s headquarters.
According to the Atlantic, Dallas is one of the top 15 US cities for millennials- we already know they like to rent, rather than tie themselves down by buying. Fox Business also rated the city fifth out of ten for business growth. The metro area hosts more than 30 colleges and universities- ensuring a population that turns over reliably and a healthy rental economy.
53.5% of homes in Dallas are rentals, compared to a Texas average of 26%, and a national average of nearly 28%. That’s a lot of opportunity- especially when you consider that the cost of living is 8.4% lower in Dallas than the national average. All the economic indicators point towards Dallas remaining a center of activity for years to come- and where there’s economic activity, there are families that move in that need homes to rent.
What does this mean for you? It’s time to invest in Dallas single- family rental homes! Check out the opportunity below, then visit our website to sign up and see all of our Dallas opportunities!
3 Bed/2 Bath in Denton, TX
Price – $109,900
Leveraged Investment – $29,347
ROI – 13.16%*