3614 Latimer St · Dallas, TX 75215

$337,000

3 bd · 2.0 ba · 1,426 sqft · SingleFamily public records · 7 Days on market

Built 2026 6,273 sqft lot $236/sqft · 36% above area Est $344k · at est.

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Why this score? — see what drove the D- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• ARV discount +8.5/15.0
• Cash flow +7.2/30.0
• Appreciation +5.4/10.0
• Rent growth +4.3/5.0
• Livability +4.0/5.0
• Schools +2.8/10.0
• Condition / age +2.5/5.0
• DSCR +1.4/10.0
• 1% rule +0.9/10.0

Listing remarks MLS

Vacant corner lot. surrounded by mature trees. Located near under construction and new construction residential properties. New roads recently completed. Access to nearby freeway. Downtown Dallas 10min away. Four lots located on the same block, to be sold individually, or at a discounted packaged deal. 3600, 3608, 3614 Latimer St., and 2503 Metropolitan Ave.

Key facts

• New construction
• Extended driveway
• Open-concept layout

Tags

• NEW CONSTRUCTION
• NATURAL WOOD EXTERIOR
• SPACIOUS GATED BACKYARD
• OPEN-CONCEPT LAYOUT
• PRIVATE BACKYARD OASIS
• EXTENDED DRIVEWAY

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $337k.

Deal economics

• At list price, monthly cash flow is $-458 ($-5k/yr) — negative.
• To cash-flow at today's rent, offer at most $256k (24.0% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $199k (41.1% below list).
• Recommended offer: $199k (41.1% below list) — sets the bar for 1% rule.
• Cap rate 4.7% vs local median 2.3% in Dallas — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 81/100 on livability (#24 in TX, #1,380 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, housing A+; Watch: schools C-, crime F.
• Dallas ISD (urban): math 31% / reading 36% proficiency, ranked #559 of 826 in TX (top 68%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 83% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising fast (+7.2%/yr); 248 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); 12,577 units permitted in Dallas County in 2024 (6,829 in 5+ unit buildings).
• At $1,986/mo this rent would consume 52% of the median local household income ($46k/yr) (locally 1464% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• In year one you build about $5k of equity ($2k loan paydown + $3k appreciation (0.8% local appreciation)).
• Dallas County population projected at +35% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• By year 7, paydown + projected appreciation supports a ~$35k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 7 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 2y ago; this cycle's ask has dropped $62k (16%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $198,596 (41.1% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
4. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
5. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
6. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
7. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.59% ✗
• Cap rate: 4.66%
• Cash-on-cash: -5.82%
• DSCR: 0.74
• GRM: 14.1

CMA / ARV

• ARV (median comp): $344,472
• List price: $337,000
• Delta: 3.93%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2312 Jordan St	0.21mi	3/2.0	1,386 (-3%)	1mo	$188,500	$136	85
1817 Cooper St	0.33mi	3/2.5	1,405 (-2%)	4mo	$220,000	$157	77
3516 Booker St	0.07mi	4/2.0 (+1)	1,606 (+13%)	1mo	$268,500	$167	70
4422 Crozier St	0.65mi	4/2.0 (+1)	1,414 (-1%)	2mo	$160,000	$113	62
1609 Pine St	0.73mi	3/2.0	1,445 (+1%)	3mo	$229,000	$158	61
3300 Holmes St	0.62mi	3/2.5	1,473 (+3%)	4mo	$215,000	$146	61
3925 Malcolm X Blvd	0.41mi	3/2.0	1,248 (-12%)	0mo	$199,000	$159	60
3915 Coolidge St	0.71mi	4/2.0 (+1)	1,416 (-1%)	2mo	$230,000	$162	59
3719 Meadow St	0.55mi	3/2.0	1,222 (-14%)	2mo	$225,000	$184	48
2823 South Blvd	0.64mi	3/3.5	1,601 (+12%)	0mo	$199,500	$125	44
2622 Marburg St	0.71mi	4/2.0 (+1)	1,600 (+12%)	0mo	$256,500	$160	41
1629 Pine St	0.69mi	3/3.0	1,628 (+14%)	4mo	$245,000	$150	37

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

0.79% appreciation · 7.19% rent growth · sell at horizon

5-year hold

• IRR: -3.7%
• Equity multiple: 0.81×
• Total profit: $-17,757
• Equity at exit: $111,364

10-year hold

• IRR: 3.7%
• Equity multiple: 1.47×
• Total profit: $44,447
• Equity at exit: $145,186

Cash invested: $94,360 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Texas: 87 Strongly Landlord-Friendly · R+5
• County: — inherits STATE
• City: — inherits STATE

3-day notice; statewide preemption; one of the fastest eviction climates; Travis County (Austin) slightly slower.

Methodology + full state rankings →

ZIP-level market 75215

• Home prices YoY: 0.3%
• Rents YoY: 7.2%
• Active inventory: 248
• Price-to-rent: 14.1×

Monthly cashflow live

• Estimated rent: $1,986 high
• Mortgage (P&I): −$1,767
• Tax from tax record: −$119 /mo · $1,430/yr
• Insurance: −$140
• HOA: −$0
• Vacancy / Maint / Mgmt: −$417
• Net cashflow: $-458

Break-even live

Break-even rent $2,566

Max offer price $256,100

Occupancy floor —

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $84,250
• Closing costs: $10,110
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3501 Latimer St Dallas, TX	2.0	1.0	1008	$1,095	$1.09	3d	1	0.11mi
3711 Guaranty St Dallas, TX	3.0	1.0	984	$1,800	$1.83	15d	1	0.16mi
3502 Edgewood St Dallas, TX	4.0	2.0	1866	$2,523	$1.35	2d	1	0.17mi
2507 Birmingham Ave Dallas, TX	3.0	2.5	1516	$2,500	$1.65	24d	1	0.25mi
3521 S Harwood St Dallas, TX	3.0	2.5	1750	$2,700	$1.54	3d	1	0.33mi
2822 McDermott Ave Dallas, TX	3.0	2.0	1200	$1,795	$1.50	24d	1	0.35mi
2847 Metropolitan Ave Dallas, TX	3.0	1.0	1344	$2,050	$1.53	22d	1	0.36mi
3413 Wendelkin St Dallas, TX	3.0	2.5	1724	$2,650	$1.54	2d	1	0.41mi
4024 Myrtle St Dallas, TX	3.0	2.0	1106	$1,595	$1.44	5d	1	0.47mi
4024 Colonial Ave Dallas, TX	4.0	2.0	1560	$2,400	$1.54	24d	1	0.59mi
3907 Roberts Ave Dallas, TX	3.0	1.0	908	$1,395	$1.54	15d	1	0.65mi
1630 Poplar St Dallas, TX	2.0	1.0	903	$1,400	$1.55	24d	1	0.66mi
1628 Poplar St Dallas, TX	2.0	1.0	903	$1,400	$1.55	44d	1	0.67mi
3609 Cleveland St Dallas, TX	4.0	2.5	1500	$2,700	$1.80	7d	1	0.68mi
3915 Coolidge St Dallas, TX	4.0	2.0	1416	$2,100	$1.48	44d	1	0.70mi
2513 Southland St Dallas, TX	2.0	1.0	1010	$1,299	$1.29	3d	1	0.75mi
2513 Southland St Dallas, TX	2.0	1.0	1010	$1,399	$1.39	21d	1	0.75mi
3308 Birmingham Ave Unit 03 Dallas, TX	2.0	2.5	1451	$2,275	$1.57	44d	1	0.77mi
3308 Birmingham Ave Unit 7 Dallas, TX	2.0	2.5	1287	$2,125	$1.65	15d	1	0.77mi
3308 Birmingham Ave Unit 11 Dallas, TX	2.0	2.5	1505	$2,375	$1.58	44d	1	0.77mi
3308 Birmingham Ave Unit 6 Dallas, TX	2.0	2.5	1341	$2,175	$1.62	17d	1	0.77mi
3308 Birmingham Ave Unit 1 Dallas, TX	2.0	2.5	1451	$2,275	$1.57	24d	1	0.77mi
2563 Elsie Faye Heggins St Dallas, TX	3.0	2.0	876	$1,240	$1.42	15d	1	0.80mi
2561 Elsie Faye Heggins St Dallas, TX	3.0	2.0	876	$1,390	$1.59	6d	1	0.80mi
2603 Elsie Faye Heggins St Dallas, TX	3.0	2.0	876	$1,385	$1.58	44d	1	0.80mi
2627 Elsie Faye Heggins St Dallas, TX	3.0	2.0	876	$1,280	$1.46	44d	1	0.80mi
2615 Elsie Faye Heggins St Dallas, TX	3.0	2.0	876	$1,280	$1.46	15d	1	0.80mi
3331 Spring Ave Dallas, TX	3.0	2.0	1652	$2,200	$1.33	7d	1	0.85mi
3331 Spring Ave Dallas, TX	3.0	2.0	1652	$2,200	$1.33	24d	1	0.85mi
3523 Herrling St Dallas, TX	3.0	2.0	1525	$1,800	$1.18	17d	1	0.94mi
4503 Bradshaw St Dallas, TX	4.0	2.0	1263	$1,600	$1.27	7d	1	0.96mi
4611 Bradshaw St Dallas, TX	3.0	2.0	1145	$1,550	$1.35	24d	1	1.02mi
2714 Hector St Dallas, TX	3.0	2.0	1233	$2,100	$1.70	24d	1	1.04mi
3230 Elihu St #2 Dallas, TX	2.0	3.5	1400	$2,300	$1.64	44d	1	1.05mi
3230 Elihu St #5 Dallas, TX	2.0	3.5	1400	$2,700	$1.93	44d	1	1.05mi
4722 Meadow St Dallas, TX	2.0–3.0	2.0	1107	$1,475	$1.33	11d	4	1.07mi
3639 Pine St Dallas, TX	3.0	2.0	1090	$1,490	$1.37	14d	1	1.07mi
5000 Linder Ave Dallas, TX	3.0	2.0	1327	$1,950	$1.47	44d	1	1.08mi
2080 Kelly Ave Unit 109 Dallas, TX	2.0	2.5	1164	$2,595	$2.23	44d	1	1.08mi
2829 Oakdale St Dallas, TX	3.0	2.0	1028	$1,840	$1.79	7d	1	1.14mi

Listing history 17 events

1. 2026-06-18
   days on market $337,000 Active 7 DOM
2. 2026-06-17
   days on market $337,000 Active 6 DOM
3. 2026-06-16
   days on market $337,000 Active 5 DOM
4. 2026-06-15
   days on market $337,000 Active 4 DOM
5. 2026-06-13
   remarks 687-char remark
6. 2026-06-13
   pricestatusdays on marketlisting id $337,000 Active 2 DOM
7. 2026-05-04
   historical
8. 2026-05-01
   price $358,000
9. 2026-04-23
   status Active
10. 2026-04-20
    historical Active Option Contract
11. 2026-04-02
    price $368,500
12. 2026-03-09
    price $374,000
13. 2026-02-19
    listed $399,000 Active
14. 2024-12-09
    soldstatus Closed 360-char remark

    Show marketing remark (360 chars)

    Vacant corner lot. surrounded by mature trees. Located near under construction and new construction residential properties. New roads recently completed. Access to nearby freeway. Downtown Dallas 10min away. Four lots located on the same block, to be sold individually, or at a discounted packaged deal. 3600, 3608, 3614 Latimer St., and 2503 Metropolitan Ave.

15. 2024-11-18
    status Pending 360-char remark

    Show marketing remark (360 chars)

    Vacant corner lot. surrounded by mature trees. Located near under construction and new construction residential properties. New roads recently completed. Access to nearby freeway. Downtown Dallas 10min away. Four lots located on the same block, to be sold individually, or at a discounted packaged deal. 3600, 3608, 3614 Latimer St., and 2503 Metropolitan Ave.

16. 2024-11-12
    listed $95,000 Active 360-char remark

    Show marketing remark (360 chars)

    Vacant corner lot. surrounded by mature trees. Located near under construction and new construction residential properties. New roads recently completed. Access to nearby freeway. Downtown Dallas 10min away. Four lots located on the same block, to be sold individually, or at a discounted packaged deal. 3600, 3608, 3614 Latimer St., and 2503 Metropolitan Ave.

17. 2023-07-06
    soldstatus

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast TX · Resets to sale price

• Current annual tax: $1,430 · $119/mo
• Projected year-2 tax: $6,167 · $514/mo
• Expected delta: +$4,737/yr (+$395/mo · 331.2%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 7/10 Severe 7 d/yr ≥110°F today · 24 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $23,832
• − Mortgage interest: −$18,877
• − Property taxes: −$1,430
• − Insurance: −$1,685
• − Repairs & maintenance: −$1,907
• − Management: −$1,907
• − Depreciation: −$9,804
• Taxable loss: −$11,778
• Est. tax savings @ 24.0%: +$2,827
• After-tax cash flow: $-2,669/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Dallas ISD
• NCES district ID: 4816230
• Math proficiency: 31% ▼ -16.00%
• Reading proficiency: 36% ▼ -4.00%
• Median HH income: $42,881
• Composite: 28.41/100
• National rank: #6763
• State rank: #559 of 826 in TX

Livability — Dallas

• Score: 81/100
• State rank: #24
• US rank: #1380

Category grades

Amenities A+ Commute A+ Cost of living A- Crime F Employment C+ Housing A+ Health & safety A User ratings B

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Dallas, TX
• County: Dallas County · 2,612,404 people
• City population: 1,168,437
• Metro: Dallas-Fort Worth-Arlington, TX
• Population (ZIP): 18,895
• Household income: $45,557
• Rent vs Own: 61.8% rent · 38.2% own
• Severe rent burden: 1464.0

Population outlook (Dallas County) Hauer SSP2

• Today (2025): 2,979,839 people
• By 2030: 3,191,823 · +7.1%
• By 2040: 3,619,611 · +21.5%
• By 2050: 4,026,915 · +35.1%
• By 2075: 4,957,073 · +66.4%
• By 2100: 5,508,725 · +84.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.58)
• Race & ethnicity: Black 59% Hispanic / Latino 25% White 11% Two or more races 10%
• Hispanic origin (detail): Mexican 21%
• Common ancestry: Italian 1% Hispanic 1%
• Foreign-born: 16% · Canada
• Languages at home: 74% English-only · Spanish 26%

Political lean MEDSL · Dallas

• 2024 margin: Strong D (+22.2) · D 60.2% · R 38.0% · Other 1.8%
• 2008→2024 swing: +6.9pp toward D · 2008: 15.3pp · 2024: 22.2pp
• All cycles: 2024: D+22.2 2020: D+31.6 2016: D+26.2 2012: D+15.4 2008: D+15.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 0.79%
• Current HPI: 224.2955
• Rent YoY: ▲ 7.19%
• Metro: Dallas-Fort Worth-Arlington, TX
• State GDP YoY: ▲ 3.95%
• F500 in state: 110

Industry mix (Fortune 500 HQ in TX)

Industry	F500 HQs	Revenue
▸Energy	16	$1,198B
▸Technology	5	$198B
▸Engineering / Construction	4	$72B
▸Energy Services	3	$60B
▸Utilities	3	$41B
▸Healthcare	2	$330B

Price history

+276.8% since first listed

11 events — show timeline

• 2026-05-04 Listing Removed — NTREIS
• 2026-05-01 Price Changed $358,000 NTREIS
• 2026-04-23 Relisted — NTREIS
• 2026-04-20 Contingent — NTREIS
• 2026-04-02 Price Changed $368,500 NTREIS
• 2026-03-09 Price Changed $374,000 NTREIS
• 2026-02-19 Listed $399,000 NTREIS
• 2024-12-09 Sold (MLS) — NTREIS
• 2024-11-18 Pending — NTREIS
• 2024-11-12 Listed $95,000 NTREIS
• 2023-07-06 Sold (Public Records) — Public Records

Property tax history

+3.0%/yr

Latest (2025): $1,430 · +28.0% YoY. Source: county tax records.