Every successful person working in the field of real estate knows that location is a key factor in determining the success of the business. That is why real estate investors do not simply aim to find and purchase the best real estate investments. They opt for finding and investing in the best places to invest in real estate. That is the path towards making money in real estate, and every professional knows it.
So, why are we mentioning this now, you may ask. Well, the truth is that the United States real estate market is tremendously big. Therefore, it is an unimaginably hard task to select the best location amongst all the possibilities for buying an investment property. Due to this reason, we will present to you a specific Texas real estate market- the Dallas real estate market. By presenting you the Dallas residential real estate market specifically, you will be able to fully grasp the way it operates, its benefits and cons and understand if this is the right place for buying a rental property.
Are you interested in learning everything you need to know about the Dallas real estate market? Keep on reading! To further explore this topic, please visit “In Which Neighborhoods Should You Invest for the Best Return on Rental Properties in Dallas?”
#1 The Dallas Real Estate Market and Dallas Housing Market Predictions
The Dallas real estate market is one of the quickly expanding markets in the United States at the moment. Additionally, the Dallas real estate market is one of the most profitable markets currently. This is due to the constantly increasing rental income and high return on investment properties generate.
The median property price of properties in the Dallas housing market is $469,871. The rental income for Airbnb properties is currently at $1,883, while for traditional rentals– $ 1,956. These values are provided by Mashvisor’s real estate investment calculator.
The Dallas housing market predictions are that the market will keep on developing further and will welcome more new real estate investors who wish to start making money in real estate. If you are interested in learning more, make sure to visit “The Best Real Estate Investment Opportunities in the Dallas Real Estate Market.”
#2 The Dallas Rental Market: Traditional Rental Properties
The Dallas real estate market is one of the top markets for long term rentals. The Dallas residential real estate market is a top Texas real estate market due to the stable economic situation in the city. The latter is tied to many new job opportunities, thus, more people coming to the city.
The population growth also marks its peak. What is interesting to observe is that the incoming population is mainly young people. Most of them are not interested in buying an investment property, they mostly prefer renting. This means that the demand for long term rentals in the Dallas real estate market grows correspondingly to the growth of the population. Here are the two best places to invest in real estate for Dallas traditional rental properties:
This area has its own historic value and is quite famous for its well-developed community. These are two of the main points which make the neighborhood a desired place for long term accommodation. It is good to know that properties in this area show high-performance results for traditional rental properties.
Oak Cliff is the central district of business affairs in the city of Dallas. This means only one thing- there are numerous offices and job opportunities in the neighborhood. Therefore, it is logical that people who work and seek opportunities for development in the area also want to live nearby. That is the main reason why the neighborhood scores high-performance rates for traditional rentals.
#3 The Dallas Rental Market: Airbnb Rental Properties
The Dallas real estate market is a suitable place for short term rentals. The reason for this is the fact that Airbnb Dallas is a quickly developing investment strategy at the moment. There are several reasons explaining this phenomenon. First of all, as already mentioned, there are various business meetings, conferences, and events held in the city. This attracts many business people to the area who are looking for short term accommodation. Thanks to this, the short term rentals Dallas real estate market is expanding.
Additionally, there are many tourist destinations such as the Dallas World Aquarium, the Dallas Arboretum and Botanical Garden, the Reunion Tower, etc., which attract domestic and international visitors. Here are the two best neighborhoods to invest in if you want to succeed in Airbnb Dallas:
Besides the fact that many people living in the city desire to occupy this district long term, there are many business travelers who attend business meetings or conferences there. These types of people logically seek short term accommodation nearby. Therefore, this neighborhood is a great place for buying a rental property and listing it as an Airbnb rental.
Northwest Dallas is an area perfect for short term rentals. The reason behind this is simple. There is an airport- the Dallas Love Field Airport- situated in the area. Even though this is not a huge facility, there are quite a number of layover flights every year. This means that many of the travelers look for a place to stay for a night or two. Thus, the demand for Airbnb rentals in the region is quite high.
Keep on reading here in order to get a fuller understanding of “Where Do You Find the Best Dallas Investment Properties at the Beginning of 2018?”
#4 How to Find the Best Real Estate Investments
Finding the best properties in the Dallas real estate market is also important and the answer to the question above is pretty simple. Use Mashvisor’s investment property calculator. Our investment property calculator will help you make quick and accurate real estate investing decisions by a few simple clicks. The tool can perform real estate market analysis in order to show you the best locations to invest in.
Additionally, it can also tackle investment property analysis, the results of which will indicate which are the best investment properties in the Dallas housing market, for instance. How so? Well, the tool computes various real estate metrics, such as return on investment, potential rental income, cap rate, cash on cash return as well as Airbnb occupancy rate. By reviewing the values, the real estate investor can quickly assess the situation. This will help in making the best decision for his/her business.
To start looking for and analyzing the best investment properties in your city and neighborhood of choice, click here.