Updated about 5 years ago on . Most recent reply
The Best Areas In DFW Area
Hi all,
We are looking for the best class A or B areas to invest in the DFW area in Texas. Please, can anybody give me an insight of the best zip codes to invest in for multifamily apartment buildings there? I represent a group and we are looking to make a move soon. Please, any piece of advice will be much appreciated
Chika
Most Popular Reply
@Chika Nworah What is the cap rate you are looking to buy at? That will be the biggest determining factor. Because neighborhood classes are so subjective, I don't know if that is purely the best way to look at things. A class neighborhoods will typically be one's with the highest household incomes. You can do that search pretty easily. But know in DFW you will be at a 4 - 6% cap rate in these places. If your ownership group is okay with that, perfect.