2324 Prichard Ln · Dallas, TX 75227

$159,900

3 bd · 2.0 ba · 1,534 sqft · SingleFamily public records · 51 Days on market

Built 1953 8,364 sqft lot $104/sqft · 36% below area Est $251k · 36% under ↓ 11% since listing

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Why this score? — see what drove the B- 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).

• Cash flow +23.0/30.0
• ARV discount +15.0/15.0
• 1% rule +8.1/10.0
• DSCR +7.4/10.0
• Livability +4.0/5.0
• Schools +2.8/10.0
• Condition / age +2.5/5.0
• Rent growth +2.4/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Bring your investors to rehab this property and rent or resale. Many homes in this area are being renovated. Access to all amenities including freeways, shopping and parks. The HVAC and water heater appear to be in good condition. Needs new roof, windows, appliances, flooring, int and ext paint and general repairs.

Key facts

• 8,364 sq ft lot
• Built 1953
• Listed 51 days

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $160k.

Deal economics

• At list price, monthly cash flow is $284 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $160k).
• Recommended offer: $155k (3.0% below list) — sets the bar for market timing.
• Cap rate 8.4% 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 soft (-0.4%/yr); 181 active listings in the ZIP; 13 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 12,577 units permitted in Dallas County in 2024 (6,829 in 5+ unit buildings).
• This rent runs 39% of the median local income ($64k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• Dallas County population projected at +35% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 51 days — a 3% lower offer ($155k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $19k (11%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: property tax is 3.5% of price; built in 1953 — expect roof / HVAC / electrical / plumbing capex.
• 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 $155,103 (3.0% below list)

Questions for the listing agent

1. It's been on market 51 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1953 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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.
7. 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.
8. 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: 1.31% ✓
• Cap rate: 8.43%
• Cash-on-cash: 7.62%
• DSCR: 1.34
• GRM: 6.4

CMA / ARV

• ARV (median comp): $251,421
• List price: $159,900
• Delta: -36.40%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2417 Fonville Dr	0.11mi	4/2.0 (+1)	1,629 (+6%)	2mo	$260,000	$160	78
2211 San Pablo Dr	0.24mi	4/2.0 (+1)	1,435 (-6%)	5mo	$269,000	$187	69
2036 Gaylord Dr	0.46mi	3/2.0	1,446 (-6%)	3mo	$265,000	$183	66
2215 Mack Ln	0.62mi	3/2.0	1,480 (-4%)	2mo	$285,000	$193	63
7334 Daingerfield Dr	0.67mi	3/2.0	1,618 (+6%)	1mo	$249,900	$154	59
7405 Daingerfield Dr	0.61mi	3/2.0	1,632 (+6%)	3mo	$270,000	$165	58
7437 Claymont Dr	0.52mi	3/3.0	1,466 (-4%)	10mo	$289,900	$198	56
7316 Maringo Dr	0.67mi	3/2.0	1,480 (-4%)	10mo	$293,900	$199	54
7328 Ravehill Ln	0.63mi	2/1.5 (-1)	1,432 (-7%)	2mo	$159,000	$111	50
7810 Dugan St	0.45mi	2/2.0 (-1)	1,308 (-15%)	6mo	$199,990	$153	44
1905 Houghton Rd	0.75mi	3/2.0	1,322 (-14%)	0mo	$249,000	$188	42
1928 Las Cruces Ln	0.65mi	3/1.0	1,324 (-14%)	10mo	$199,900	$151	35

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

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -8.7%
• Equity multiple: 0.69×
• Total profit: $-13,733
• Equity at exit: $23,842

10-year hold

• IRR: -4.7%
• Equity multiple: 0.74×
• Total profit: $-11,518
• Equity at exit: $13,825

Cash invested: $44,772 (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 75227

• Home prices YoY: -30.9%
• Rents YoY: -0.4%
• Active inventory: 181
• Price-to-rent: 6.4×

Monthly cashflow live

• Estimated rent: $2,088 high
• Mortgage (P&I): −$839
• Tax from tax record: −$460 /mo · $5,525/yr
• Insurance: −$67
• HOA: −$0
• Vacancy / Maint / Mgmt: −$439
• Net cashflow: $284

Break-even live

Break-even rent $1,729

Max offer price $159,900

Occupancy floor 81%

Sensitivity live

Price	-10% $375	-5% $330	+0% $284	+5% $239	+10% $194
Rent	-10% $119	-5% $202	+0% $284	+5% $367	+10% $449
Rate	-1.0pp $365	-0.5pp $325	base $284	+0.5pp $243	+1.0pp $201

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: $39,975
• Closing costs: $4,797
• Reserves months: —
• Total cash needed: —

Rent comps 13 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2540 Prichard Ln Dallas, TX	3.0	2.0	1888	$2,475	$1.31	25d	1	0.19mi
7632 Livvie Meador Ln Dallas, TX	4.0	2.0	1719	$2,300	$1.34	44d	1	0.20mi
2104 Hillburn Dr Dallas, TX	3.0	1.5	1324	$1,850	$1.40	15d	1	0.41mi
7323 Daingerfield Dr Dallas, TX	4.0	2.0	1996	$2,950	$1.48	25d	1	0.71mi
8534 Bearden Ln Dallas, TX	3.0	2.0	1332	$1,600	$1.20	25d	1	0.76mi
8609 Jennie Lee Ln Dallas, TX	3.0	2.0	1863	$2,300	$1.23	5d	1	0.76mi
8127 Stonehurst St #5 Dallas, TX	2.0	1.0	1050	$1,250	$1.19	44d	1	0.81mi
3331 Urban Ave Dallas, TX	4.0	2.0	1827	$2,950	$1.61	44d	1	1.08mi
1315 Whitley Dr Unit 1 Dallas, TX	2.0	1.0	1050	$1,600	$1.52	44d	1	1.29mi
1201 Rose Garden Ave Dallas, TX	3.0	2.0	1472	$1,750	$1.19	44d	1	1.41mi
2194 Aspen Dr Dallas, TX	2.0	1.5	1110	$1,200	$1.08	8d	1	1.50mi
2198 Aspen Dr Dallas, TX	2.0	1.5	1110	$1,300	$1.17	5d	1	1.50mi
2198 Aspen Dr Dallas, TX	2.0	1.5	1110	$1,300	$1.17	0d	1	1.50mi

Listing history 7 events

1. 2026-05-16
   historical Active Option Contract 316-char remark

   Show marketing remark (316 chars)

   Bring your investors to rehab this property and rent or resale. Many homes in this area are being renovated. Access to all amenities including freeways, shopping and parks. The HVAC and water heater appear to be in good condition. Needs new roof, windows, appliances, flooring, int and ext paint and general repairs.

2. 2026-05-09
   status Active 316-char remark

   Show marketing remark (316 chars)

   Bring your investors to rehab this property and rent or resale. Many homes in this area are being renovated. Access to all amenities including freeways, shopping and parks. The HVAC and water heater appear to be in good condition. Needs new roof, windows, appliances, flooring, int and ext paint and general repairs.

3. 2026-05-04
   historical Active Option Contract 316-char remark

   Show marketing remark (316 chars)

   Bring your investors to rehab this property and rent or resale. Many homes in this area are being renovated. Access to all amenities including freeways, shopping and parks. The HVAC and water heater appear to be in good condition. Needs new roof, windows, appliances, flooring, int and ext paint and general repairs.

4. 2026-04-29
   price $159,900 316-char remark

   Show marketing remark (316 chars)

   Bring your investors to rehab this property and rent or resale. Many homes in this area are being renovated. Access to all amenities including freeways, shopping and parks. The HVAC and water heater appear to be in good condition. Needs new roof, windows, appliances, flooring, int and ext paint and general repairs.

5. 2026-03-30
   listed $179,000 Active 316-char remark

   Show marketing remark (316 chars)

   Bring your investors to rehab this property and rent or resale. Many homes in this area are being renovated. Access to all amenities including freeways, shopping and parks. The HVAC and water heater appear to be in good condition. Needs new roof, windows, appliances, flooring, int and ext paint and general repairs.

6. 2007-12-05
   soldstatus
7. 1979-04-01
   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: $5,525 · $460/mo
• Projected year-2 tax: $5,525 · $460/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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 3/10 Moderate
• 🌡 Heat 7/10 Severe 7 d/yr ≥109°F today · 24 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $25,061
• − Mortgage interest: −$8,957
• − Property taxes: −$5,525
• − Insurance: −$800
• − Repairs & maintenance: −$2,005
• − Management: −$2,005
• − Depreciation: −$4,652
• Taxable income: $1,118
• Est. tax owed @ 24.0%: −$268
• After-tax cash flow: $3,143/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): 58,319
• Household income: $64,008
• Rent vs Own: 43.7% rent · 56.3% own
• Severe rent burden: 1679.0

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: Majority Hispanic (62%)
• Race & ethnicity: Hispanic / Latino 62% Two or more races 35% Black 28% White 8%
• Hispanic origin (detail): Mexican 56%
• Foreign-born: 27% · Canada, Vietnam
• Languages at home: 44% English-only · Spanish 55%

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: ▼ -148.56%
• Current HPI: 332.3303
• Rent YoY: ▼ -0.36%
• 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

-10.7% since first listed

7 events — show timeline

• 2026-05-16 Contingent — NTREIS
• 2026-05-09 Relisted — NTREIS
• 2026-05-04 Contingent — NTREIS
• 2026-04-29 Price Changed $159,900 NTREIS
• 2026-03-30 Listed $179,000 NTREIS
• 2007-12-05 Sold (Public Records) — Public Records
• 1979-04-01 Sold (Public Records) — Public Records

Property tax history

+10.6%/yr

Latest (2025): $5,525 · -9.7% YoY. Source: county tax records.