Real Estate Investing Performance In Arlington
Knowing the returns you might get after your investment is crucial. This will help you know if an investment is worth it or not. This table shows what returns to expect:
|Avg Purchase Price||Avg Cap Rate||Avg Cash on Cash Return||Avg Cash Needed to close|
|Commercial 5+ units LTR||n/a||n/a||n/a||n/a|
|Short Term Rental (SFH)||n/a||n/a||n/a||n/a|
|STR (2-4 Units)||n/a||n/a||n/a||n/a|
|Long Term Rental (2-4 Units)||300-400k||3% - 5%||2% - 4%||98k|
|Long Term Rental (SFH)||300k - 350k||2% - 4%||2% - 3%||$71,500|
|Househack (2-4 Units)||150k - 175k per door||n/a||n/a||$12,500 per door|
|Househack (SFH)||325k - 400k||n/a||n/a||$18,750|
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Arlington Real Estate Investment Tips
If you are planning to buy apartments and properties in Arlington, here are a few tips that will help you stay on track:
- Check Potential Communities: Many of our real estate clients love to check out the area around the University of Texas Arlington for some well-established properties. Another high-quality area is West of Cooper St, north of highway 20, and south of highway 30. There are beautifully established homes in the area that cost less than $300k and see a high tenant demand.
- Check the Condition of Houses: This is yet another great tip. Nobody wants to invest in a property that will take money out of their pocket. Many inventories in Arlington are mostly from the 50s. This means that some of them use beam foundations from way back, which may not look pleasant for your clients. Therefore, inspect any property, especially the plumbing system, before purchasing it. Some homes still use cast iron for sewer drainages. Insurance companies may not cover such homes because cast iron is pretty expensive to replace.
- Growth Potential of the Area: Real estate investors pay attention to any area’s growth potential before investing. This is important because it helps them predict if the prices of homes will stagnate or appreciate. Therefore, evaluate the growth rate of Arlington before purchasing properties.
Main Activities, Attractions, and Employers in Arlington
While evaluating the growth potential in Arlington, ensure to check the main activities, employers, and attractions that drive the economy of Arlington. This is another great way to know if purchasing properties in Arlington is worth it. Here are a few employers and attractions that boost the value of real estate properties in the area:
ATT Stadium in Arlington is one of the most spectacular stadiums in the United States. The stadium was originally named Rangers Ballpark and was built for the Texas Rangers baseball team. Many people travel to Arlington to enjoy baseball games. The place is lively, which is why it is ideal for serious investors looking for tenants and home buyers.
University of Texas Arlington
The University of Texas Arlington is a public university in Arlington, Texas, United States. It has an enrollment of over 10,000 students and has become a major employer in Arlington, with more than 500 people working at the university. Students, as well as workers, commute from different neighborhoods in Arlington to attend the university.
The good news is that the transport system from central Texas to Arlington and other surrounding areas is top-notch. Therefore, you should never be afraid to invest in Arlington real estate. Everything surrounding the area will favor your investment.
General Motors is one of the largest employers in Arlington County, Texas. It currently employs more than 1,000 people at its Arlington Assembly Plant and looks forward to employing more. It is one of the reasons why people travel to Arlington, as the plant offers job opportunities.
Many people in the company prefer to rent and purchase properties around the area to commute to work easily. This is a real chance for investors to make consistent profits with their real estate investments.
JP Morgan Chase
JP Morgan Chase is located at 1301 S Bowen Rd, Arlington, TX, and is also a notable employer in Arlington. The bank mainly focuses on investment banking, financial services for consumers and small businesses, commercial banking, and asset management. The firm anchors the Arlington economy and is one of the reasons why many small businesses in Arlington are rapidly growing.
Success stories investing in this area
“Used Victor in finding and purchasing my first investment property. Victor and his team were knowledgeable in providing help along the way especially toward the end while getting everything squared away.”
Long Term Rental
Victor was an awesome realtor! We were first time investors in Texas and he was very responsive, experienced, and pleasant. Every question we had he answered promptly and from start to finish Victor guided us thorough the whole process and made the buying transaction as smooth as possible for us! You will not be disappointed by working with Victor Steffen, thank you Victor!
Long Term Rental
Investing Strategies in Arlington
Here are the best investment strategies to use when planning to invest in Arlington:
Long-term and mid-term Rentals: Short-term rentals won’t work well in Arlington because the city is actively working to eliminate non-permitted STRs from sites like Airbnb. Long-term and mid-term rentals do so well in Arlington, especially on the south side of Arlington. You should try duplexes or homes with one bath, three beds, and one garage layout.
Occasional Flipping: Occasional flipping is when you buy a house intending to sell it again within three years or less. The profit from this type of flip is usually in the form of equity, meaning you don’t have to pay any money for repairs or updates.
Arlington has experienced pressure from home flippers. It is a strategy that has been proven to work in the area. However, you need proper planning and research because not all flips may work. Always use trusted sources for a property inspection to avoid investing in the wrong homes.
Is Arlington a Good Real Estate Investment?
Arlington is a good location to consider for your next real estate investment because Arlington, is home to a diverse range of businesses and employers, including large corporations, small businesses, and everything in between. Some of the largest employers in Arlington include:
General Motors: An American multinational corporation that designs, manufactures, markets, and sells vehicles and vehicle parts. The company was founded in 1908 and employs over 500 people in Arlington.
AT&T: A multinational conglomerate that provides telecommunications services and products. AT&T was founded in 1983 and employs over 2,000 people in Arlington.
The University of Texas at Arlington: A public research university that is part of the University of Texas System. The university was founded in 1895 and employs over 2,000 people in Arlington.
Six Flags Over Texas: A theme park that features rides, attractions, and live entertainment. Six Flags was founded in 1961 and employs over 2,000 people in Arlington.
Texas Health Resources: A non-profit health care system that operates hospitals, clinics, and other medical facilities in North Texas. The company was founded in 1997 and employs over 2,000 people in Arlington.
Is it a Good Time to Invest in Arlington?
It’s a good time to invest in Arlington because it has experienced significant growth over the years. The city has a rich history dating back to the mid-19th century, but it has transformed into a bustling metropolis over the past few decades. The population of Arlington has grown steadily, and as of the latest census, it was estimated to be over 400,000 residents.
Arlington’s growth can be attributed to several factors, including its location within the Dallas-Fort Worth metropolitan area, its strong economy, and its attractive quality of life. The city has a thriving business sector, with major employers in industries such as healthcare, retail, and education. Additionally, Arlington is home to several major attractions, including AT&T Stadium (home of the Dallas Cowboys), Globe Life Park (home of the Texas Rangers), and Six Flags Over Texas theme park.
Arlington has also invested heavily in infrastructure and development, including the creation of new housing developments, shopping centers, and parks. The city has also been designated as a “smart city,” with a focus on technology and sustainability. These investments have helped to attract new residents and businesses to the area, further fueling its growth.
Some of the most desirable communities in Arlington for real estate investors to consider include:
Best Neighbourhoods to Invest in Arlington
Dalworthington Gardens: This small, upscale community is known for its serene setting and well-manicured properties.
This community is popular with families due to its proximity to schools and parks, as well as its access to shopping and dining options.
This small town is known for its friendly atmosphere and is located just minutes from downtown Arlington.
This new master-planned community is known for its sustainable design, green spaces, and ample recreational opportunities.
This neighborhood is located near the lake of the same name and offers residents a quiet, natural setting.
Financing Information for Arlington Real Estate Investors
If you’re looking for financing, you’ll be glad to learn that JJVM can finance owner-occupied loans for single-family or house hackers’ investments. Such a loan will attract a 20% down payment.