Rental Property Investor · Dallas, TX · Member since 2017 · 30 posts · 9 votes
What areas are considered up and coming and prime for appreciation?
Seems like there is a lot of attention in the Fairmont-Southside
district as well as near the Stockyards. Are there any areas that seems
to be next? Maybe the stop 6 area? Any input would help.
@Ron McGriff I think you have some good suggestions above but I would also offer some clarification here. Any property under $175,000 will fit a good appreciation model and cash flow for investors. Meaning, Westcliff, TCU, and Fairmount all fit a "up and coming" description but those are not investor friendly neighborhoods because you will not rent them as effectively as other neighborhoods. Neighborhoods where the value is $175,000 and under. I hope that makes sense how I am describing it.
There is a revitalization effort underway in Stop 6. Whether it is successful or not is to be seen. But you did ask for up and coming and not already come along. So there could be upside for sure.
@Ron McGriff I live near Stop 6/Como... there is a lot of gentrification happening and there’s even a new Marriott hotel about to be built within a mile. Another area is directly off the new Chisholm Trail Pky between downtown FtW and Cleburne. It’s being developed very quickly!
Let me know if you’d like pics/video or any help finding a property. I’d be more than happy to help!
@Ron McGriff I think you have some good suggestions above but I would also offer some clarification here. Any property under $175,000 will fit a good appreciation model and cash flow for investors. Meaning, Westcliff, TCU, and Fairmount all fit a "up and coming" description but those are not investor friendly neighborhoods because you will not rent them as effectively as other neighborhoods. Neighborhoods where the value is $175,000 and under. I hope that makes sense how I am describing it.