Real Estate Investing Performance In Weatherford
Knowing the expected financial returns is essential if you plan to buy properties in Weatherford. Here is a table showing you what 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)||275k - 350k||6% - 8%||8% - 11%||$75,950 (furnished)|
|STR (2-4 Units)||n/a||n/a||n/a||n/a|
|Long Term Rental (2-4 Units)||250k - 325k||2% - 4%||2% - 4%||$62,500|
|Long Term Rental (SFH)||250k - 325k||2% - 4%||2% - 4%||$62,500$|
|Househack (2-4 Units)||150k - 175k per door||n/a||n/a||$12,500 per door|
|Househack (SFH)||275k - 350k||n/a||n/a||$16,325|
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Real Estate Investment Tips in Weatherford
We encourage real estate investors to target a few specific areas in Weatherford as we are sure they will get a return on their investment.
Downtown Weatherford is one notable area known for its attractive Victorian-style homes and brick-lined streets. It is also a place where people would want to settle, as it is home to many restaurants, businesses, and local shops.
Park Place is also a potential area, offering plenty of apartments, townhouses, and single-family homes. The area is located on the east side of Weatherford and is known for great entertainment, shopping places, and tree-lined streets. Other places you should check out when in Weatherford are:
- Canyon West: Located on the west side of Weatherford and contains beautiful homes, a pool, a golf course, walking trails, a tennis court, etc.
- Brookhaven: Brookhaven is a quiet, friendly neighborhood with many townhouses and single-family homes. The place is on the south side of Weatherford and also offers several restaurants, parks, and shopping centers.
- North Weatherford: Here, you will also find many townhouses, single-family homes, shopping places, parks, entertainment, and community events.
Another tip is to evaluate the prices of houses in the area before purchasing. With this you can easily tell the profits you are most likely to make in the long run. Also, check the main attractions, employers and activities around Weatherford before investing in real estate.
Main Activities, Attractions, and Employers in Weatherford.
Before investing anywhere, the most natural thing is to check what drives the economy of that particular place. In Weatherford, there are many employers that provide job opportunities to the people living there. Aside from that, you will find many attractions and activities that bring tourists to the area. Here are a few you should know about before investing in the area:
1. Weatherford Regional Medical Center
Weatherford Regional Medical Center is one of the most famous employers in the area. It has employed several doctors and nurses who provide quality services to the people living in Weatherford.
2. Parker County
Parker County is part of the Weatherford, Texas, Micropolitan Statistical Area. In other words, it is the local government of the area and provides many employment opportunities and public services to the people who live in Weatherford.
3. Weatherford College
Weatherford College is a public facility that offers two-year programs as well as several job opportunities. People from different parts of Weatherford, TX, commute daily to Weatherford college for training and work. This offers an excellent opportunity for real estate investors who want to rent and sell their properties.
4. Weatherford ISD Maintenance and Operations
This is yet another significant employer in Weatherford. It is responsible for maintaining all district buildings and ensuring that all district facilities are in proper condition and ready for use by students and staff.
5. Weatherford ISD Transportation
Weatherford ISD Transportation provides employment opportunities to the locals and is responsible for providing bus transportation services to the nearby local school district.
1. Historic Downtown Weatherford
This is a significant attraction in Weatherford because of the brick-lined streets and Victorian-style homes. Tourists visiting this place also love to check out the restaurants, local shops, and cultural heritage of the area.
2. Lake Weatherford
Weatherford also has several recreational areas, one of them being Lake Weatherford. Tourists from all over the United States visit the place yearly for camping, boating, and fishing. With such an attraction, you are sure to get potential customers interested in Weatherford houses and properties. So, why hesitate to put money in Weatherford real estate?
3. Weatherford Farmers Market
The Weatherford Farmers Market is a free, weekly event mainly held on Saturdays. It’s a great place to enjoy fresh produce, local arts and crafts, live music, and delicious food. Many locals and visitors from other parts love to attend the event to enjoy amazing food, among other things.
There are many other employers and attractions in Weatherford that keep the place lively and offer excellent opportunities to all kinds of investors. Weatherford is the right place to be if you want to get into other investments apart from real estate.
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
Investment Strategies in Weatherford
Not all investment strategies will work for real estate investors in Weatherford. Weatherford is already an established area, so we encourage investors to check out communities outside major metropolitan areas. These are best for investors looking for long-term growth. They can buy and hold the properties to sell them at a huge profit when prices appreciate.
However, we advise real estate investors to keep track of major changes in such areas and research infrastructure development, job growth, and the real estate market before tapping into Weatherford real estate. While areas outside the major metropolitan might experience high demand for housing, this may not work out for all communities in Weatherford. Therefore, evaluate the possibility of growth before purchasing properties in Weatherford.
Is Weatherford a Good Real Estate Investment?
Weatherford is a good location to consider for your next real estate investment because there is a diverse range of employers, including healthcare, education, manufacturing, and retail. Some of the largest employers in the area include Weatherford ISD, the city of Weatherford, Weatherford Regional Medical Center, Weatherford College, and Albertsons. There are also several oil and gas companies with operations in the area. The oil and gas industry plays a significant role in the economy of Weatherford, Texas. The city is located near the Barnett Shale, one of the largest natural gas reserves in the United States, and the industry has attracted many energy companies to the area. Weatherford is also home to several oilfield services companies that support drilling operations in the region. The oil and gas industry has brought significant growth to the Weatherford economy, creating jobs and boosting local businesses.
Is it a Good Time to Invest in Weatherford?
It’s a good time to invest in Weatherford because it has experienced steady population growth over the past decade. According to data from the US Census Bureau, the population of Weatherford was estimated to be around 39,000 in 2019, an increase from the estimated population of 25,250 in 2010. The city has been growing due to the strong local economy, a high quality of life, and its proximity to the Dallas-Fort Worth metropolitan area.
Best Neighbourhoods to Invest in Weatherford
The communities in Weatherford most investors consider are the historic downtown area, the Sante Fe Railroad Historic District, and the Cattleman’s Historic District.
Financing Information for Weatherford 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.