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Updated almost 6 years ago on . Most recent reply

Account Closed's profile image
Account Closed's profile image
Account Closed
  • Rental Property Investor
  • from New Jersey
  • Member since Jul 13, 2017
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Account Closed's profile image
Account Closed's profile image
Account Closed
  • Rental Property Investor
  • from New Jersey
  • Member since Jul 13, 2017
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Account Closed
  • Rental Property Investor
  • New Jersey
6
Votes |
18
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Dallas Real Estate Forum

Arlington TX 76014 zip code -does it have appreciation potential?

Account Closed
  • Rental Property Investor
  • New Jersey
Posted

Looking to buy a property in the 76014 Arlington TX zip code. 185Kish. 3BR 2BR. Is this area a bad play for long term buy and hold for appreciation? 

Dallas, Texas
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Michael S.'s profile image
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Michael S.
  • from Dallas, Texas
  • Member since Dec 25, 2014
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Michael S.'s profile image
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Michael S.
  • from Dallas, Texas
  • Member since Dec 25, 2014
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Michael S.
  • Dallas, TX
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Michael S.
  • Dallas, TX
Replied

I don't have a crystal ball, but if you want some backward looking data I can help. I bought a property in 76013 exactly 3 years ago for $140,000. It's probably worth about $160k today. About 14% in 3 years (~4.7% a year). My advice: make sure it cash flows. 

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