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Cash Flow + Appreciation in Dallas
7439 Amber Drive, Dallas, TX 75241
$99,900
1,245 SF
$99,900
Residential Income
Single-Unit (SFR/ Condo)
Investment
2
2004
2 / 1,000 SF
-
Find Out More...
Last Verified 10/16/2009
Listing ID 15230187
Highlights
Turnkey investment - perfect for new investor!- 1 year lease expires 3/31/09--4th year with same great tenant!
- Nearly new - minimal repairs for several years
- Major growth in immediate area means more jobs, solid appreciation & rent growth
- Property management firm in place (or use your own)
- No brokers seeking listings, please.
Description
Cash Flow + Appreciation =High Total Return on Investment (ROI).
Very well positioned rented house in the Wisdom Terrace subdivision of Dallas. Built in 2004 by Pulte and offers a 2 car rear entry garage, blinds, landscaping and sprinkler systems. 7439 Amber Drive has 3 bedrooms and two baths. Current tenant just renewed for 4th year at $975 per month and lease expires 3/31/09.
Two other similar properties are within 3 blocks are available -- ask if interested.
This property provides a modest cash on cash return while creating a 25%+ total annual pre-tax return on investment with forecasted 5% appreciation.
Located just over 1 mile from the intersection of I-35 and Camp Wisdom Rd., Wisdom Terrace is in the middle of an exciting new growth corridor in south Dallas. Current infrastructure improvements include:
* The construction of the massive Dallas Logistics Hub, which will be the largest in North America and is only 2-3 miles away,
* The widening of Camp Wisdom Rd. to be a divided highway,
* The expansion of the Univ. North Texas at Dallas campus less than 1 mile away to eventually serve 25,000 students, and
* A number of new, higher priced residential communities under construction in the area.
Actual
2007
$11,700
Map of 7439 Amber Drive, Dallas, TX 75241 (Dallas County)
Created 7/7/2007
The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.