Rental Property Investor · Bay Area, CA · Member since 2018 · 22 posts · 1 vote
I'm from out of the state. Any ideas if Fort Worth zip code 76140 and Arlington 76010 are good rental investment areas? What's the tentant pool? Vacancy Rate? Safety? etc. Many thanks!
Real Estate Agent · Keller, TX · Member since 2017 · 850 posts · 825 votes
7y
Occupancy rates are very high here in the Dallas/Ft. Worth area. some reports have them north of 90%. But the stat to key in on is how many days on market comparable rentals in the same neighborhood are going for. Through out the Dallas/Ft. Worth area I am consistently seeing 17 days on market for a rental before it is under lease. The real questions you need to ask regarding the two zip codes in Ft. Worth & Arlington you suggested is what price are you willing to pay for the property, what rents your seeking, and what is your desired cash flow at the end of the day?
Real Estate Agent · Keller, TX · Member since 2017 · 850 posts · 825 votes
7y
Occupancy rates are very high here in the Dallas/Ft. Worth area. some reports have them north of 90%. But the stat to key in on is how many days on market comparable rentals in the same neighborhood are going for. Through out the Dallas/Ft. Worth area I am consistently seeing 17 days on market for a rental before it is under lease. The real questions you need to ask regarding the two zip codes in Ft. Worth & Arlington you suggested is what price are you willing to pay for the property, what rents your seeking, and what is your desired cash flow at the end of the day?
Attorney · Dallas, TX · Member since 2016 · 5k+ posts · 2k+ votes
7y
Still broadly speaking for an entire zip, thats working class, high turnover, rougher tenants. Not a problem if you want cash flow and a good PM. Just don't expect IT professionals from Toyota to live there.
I don't know about averages in Garland, but I can tell you about my house that I want to rent, but cannot seem to make work. It is a 3 bedroom 2.5 bath, 2200 sq. ft. I am told it would sell for a minimum of $265,000 and the comparable rent in my neighborhood for this house is $1900 per month. (75040 zip)
Burleson, TX · Member since 2016 · 3 posts · 2 votes
7y
The east side of Arlington tends to be the rougher part of Arlington. More your C class type neighborhoods. The south side tends to be nicer. I don't know much about rents on the east side of Arlington. But on the westside in the 76017 zip code, I've been hearing rates as much as $2,600 to $3,000. From what I understand it's because of the desirability of the schools. On the north side for lower end class C duplexes the rents are around $800.
I'm from out of the state. Any ideas if Fort Worth zip code 76140 and Arlington 76010 are good rental investment areas? What's the tentant pool? Vacancy Rate? Safety? etc. Many thanks!
76010 may be decent rentals, if you can buy at right price. May be rougher crowd but I think if you look closley there are good pockets and neighborhood is definitely appreciating and improving. It is pretty close to UTA so you may be able to do college students as well.
I owned a primary in 76010 and then sold it in 2017, man do I wish I hung on to it and rented it out.
Im a police officer in the 76140 zip code. After the crash in 2008/2009 that area had a lot of Calif investors scooping up property. The area has become rougher because of large apartment complex with public housing residents. No grocery store near by or public transportation. It is close to the freeway (I-35).
I do roofing and construction on the side. I canvased the 76010 area last year after a hail storm. Its not bad. A lot of housing volume, close to schools and ATT Stadium. It is also closer to freeways. Crime is not bad in that area.
Im a police officer in the 76140 zip code. After the crash in 2008/2009 that area had a lot of Calif investors scooping up property. The area has become rougher because of large apartment complex with public housing residents. No grocery store near by or public transportation. It is close to the freeway (I-35).
I do roofing and construction on the side. I canvased the 76010 area last year after a hail storm. Its not bad. A lot of housing volume, close to schools and ATT Stadium. It is also closer to freeways. Crime is not bad in that area.