100496 . 45 Home SFR Dallas TX
100496 . 45 Home SFR Dallas TX, Dallas, TX 75081
- For Sale $11,200,000
- Property Type Multi-Family
- Property Size 65,043 Sqft
- Date Updated Sep 24, 2021
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- City Dallas, TX
- Neighborhood Carbondale
- Zip Code 75081
- Market Dallas Fort Worth
- Economic value add opportunity with below-market rents of 15%
- Majority of homes renovated to similar spec level after purchase in 2017 and 2018
- Cap ex improvements create little to no deferred maintenance for future owner
- The portfolio is currently 100% occupied, majority of 3-bedroom homes averaging 1445 SF
- Very low supply of inventory on market, enabling rent growth & high occupancy
- Strong stabilized year 1 Gross Yield of 8.42%
- Year 1 stabilized IRR of 23.23%
- Year 1 stabilized NOI of $531,779
- The average price per home is $248,889 or $172 SF
- Six percent rent growth for 2021, 4% projected for 2022
- Stabilzed year 1 projected rents at $1695 per home average
Frequently Asked Questions
What is the total square footage of 100496 . 45 Home SFR Dallas TX?
100496 . 45 Home SFR Dallas TX totals 65,043 square feet.
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