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4460 Chaha Rd #101 🌊 Lakefront
D- Composite 39.34
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 +15.0/15.0
  • Cash flow +6.5/30.0
  • 1% rule +4.1/10.0
  • Condition / age +4.0/5.0
  • Livability +3.7/5.0
  • Schools +2.7/10.0
  • Rent growth +2.6/5.0
  • DSCR +0.8/10.0
  • Appreciation +0.0/10.0

$114,500

4460 Chaha Rd #101 · Garland, TX 75043
1 bd · 1.0 ba · 670 sqft · Condo · 68 Days on market
Built 1981 Good condition $171/sqft · 44% below area Est $205k · 44% under · waterfront $230/mo HOA · 22% of rent ↓ 2% since listing

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Listing remarks

Drastically reduced and is priced to sell, this is your chance to secure a turnkey, move-in ready home at an exceptional value, don't miss out on a property that combines convenience, comfort, and aggressive pricing in one perfect package, a beautifully updated corner lot first floor condo. Thoughtfully updated with modern finishes, luxury vinyl plank flooring, white granite countertops, stainless-steel appliances, a wood burning fireplace, and an oversized covered patio with storage. Include refrigerator, washer and dryer and the HOA covers water, sewer, trash and outdoor maintenance. MOVE IN READY for you to enjoy relaxing mornings or evening sunsets!

Key facts

  • Corner lot
  • Open-concept layout
  • $230 HOA

Tags

CORNER LOTOPEN-CONCEPT LAYOUTDESIGNER GOLD-TONE HARDWAREELEGANT LIGHTING FIXTURESLUXURY VINYL PLANK FLOORINGWHITE GRANITE COUNTERTOPS

Neighborhood map

Property Rental comp Retail Costco Walmart Transit Schools Stadiums Fortune 500 · Circle radius: 6.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 1-bed/1.0-bath condo listed at $114k. Condition is rated good.

Deal economics

  • At list price, monthly cash flow is $-195 ($-2k/yr) — negative.
  • To cash-flow at today's rent, offer at most $86k (24.6% below list).
  • To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $105k (8.6% below list).
  • Recommended offer: $86k (24.6% below list) — sets the bar for cash-flow.
  • Cap rate 4.3% vs local median 3.4% in Garland — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

Location & tenants

  • Location reads 74/100 on livability (#165 in TX, #4,447 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, housing A+, cost of living A-; Watch: amenities C-, health & safety F.
  • Garland ISD (suburban): math 27% / reading 37% proficiency, ranked #553 of 826 in TX (top 67%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
  • Zoned schools: Daugherty El (math 22% / reading 29%, grade F, #2,982 of 4,322 statewide, top 70%, 810 students, 94% FRL); B G Hudson Middle (math 33% / reading 42%, grade F, #736 of 1,662 statewide, top 45%, 1,207 students, 50% FRL); Sachse H S (math 46% / reading 53%, grade D, #509 of 1,632 statewide, top 34%, 2,997 students, 43% FRL).
  • Market conditions: Rents flat; 486 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 12,577 units permitted in Dallas County in 2024 (6,829 in 5+ unit buildings).
  • This rent is only 16% of the median local income ($77k/yr) — well below the 30% rent-burden line; pricing power to push rent on renewal without tenant pushback.

Forward outlook

  • Local home prices are declining (-3.0%/yr); year-one equity from $792 of loan paydown is wiped out by about $3k 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 68 days — a 6% lower offer ($108k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

  • Watch-outs: HOA is 22% of rent.
  • Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→25/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Recommended offer $86,352 (24.6% 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. It's been on market 68 days. Have you received any prior offers? Is the seller open to a 25% concession, seller financing, or rate buy-down credit?
  3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
  4. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
  5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
  6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  7. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
  8. 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?
  9. This sits on a lake — are riparian / water-frontage rights deeded with the parcel? Any dock permits, shoreline easements, or HOA water-use restrictions?
  10. What's the documented flood / surge / shoreline-erosion history here (FEMA AND non-FEMA — e.g., storm surge, creek backup, septic-field saturation)?
  11. Any water-quality or seasonal algae-bloom issues that affect tenant satisfaction or short-term-rental demand?
  12. 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.
  13. 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.
  14. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

1% rule
0.91%
Cap rate
4.25%
Cash-on-cash
-7.28%
DSCR
0.68
GRM
9.1

CMA / ARV

ARV (median comp)
$205,306
List price
$114,500
Delta
-44.23%
Verdict
UNDERPRICED
Comps
20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 0.47% rent growth · sell at horizon

5-year hold
IRR
-32.7%
Equity multiple
-0.04×
Total profit
$-33,385
Equity at exit
$17,072
10-year hold
IRR
-64.3%
Equity multiple
-0.70×
Total profit
$-54,521
Equity at exit
$9,900

Cash invested: $32,060 (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.

Active competition Active MLS

For sale now
0 active · 2 under contract

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 75043

Home prices YoY
-33.4%
Rents YoY
0.5%
Active inventory
486
Price-to-rent
9.1×

Monthly cashflow live

Estimated rent
$1,047 high interval (Pro) →
Mortgage (P&I)
$600
Tax est. 1.5%
$143 /mo · $1,718/yr
Insurance
$48
HOA
$230
Vacancy / Maint / Mgmt
$220
Net cashflow
$-195

Break-even live

Break-even rent $1,293
Max offer price $86,352
Occupancy floor

Sensitivity live

Price -10% $-115 -5% $-155 +0% $-195 +5% $-234 +10% $-274
Rent -10% $-277 -5% $-236 +0% $-195 +5% $-153 +10% $-112
Rate -1.0pp $-137 -0.5pp $-165 base $-195 +0.5pp $-224 +1.0pp $-254

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
$28,625
Closing costs
$3,435
Reserves months
Total cash needed

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Short-term bridge; refi at stabilization.

Rent comps 40 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
6141 Bay Island Dr Unit 119 Garland, TX 1.0 1.0 683 $910 $1.33 23d 1 0.06mi
6127 Bay Island Dr Garland, TX 1.0 1.0 675 $890 $1.32 17d 1 0.06mi
4416 Chaha Rd #201 Garland, TX 1.0 1.0 664 $1,070 $1.61 93d 1 0.10mi
4605 Chaha Rd Garland, TX 3.0 1.0–3.0 1247 $1,341 $1.07 39d 41 0.11mi
4412 Chaha Rd Garland, TX 1.0–2.0 1.0 802 $1,097 $1.37 9d 2 0.11mi
4420 Chaha Rd Garland, TX 1.0–2.0 1.0–2.0 734 $1,150 $1.57 64d 2 0.12mi
4552 Chaha Rd Garland, TX 1.0–2.0 1.0–2.0 806 $1,400 $1.74 17d 2 0.12mi
4610 Chaha Rd Unit 206 Garland, TX 1.0 1.0 626 $995 $1.59 36d 1 0.14mi
4623 Chaha Rd Garland, TX 1.0 1.0 675 $890 $1.32 17d 1 0.14mi
4602 Chaha Rd #202 Garland, TX 1.0 1.0 717 $999 $1.39 0d 1 0.15mi
4376 Point Blvd Garland, TX 1.0 1.0 675 $890 $1.32 17d 1 0.16mi
6010 Marvin Loving Dr #101 Garland, TX 1.0 1.0 740 $1,295 $1.75 57d 1 0.16mi
4637 Chaha Rd Unit 119 Garland, TX 1.0 1.0 683 $910 $1.33 23d 1 0.16mi
4605 Chaha Rd Unit 4626 Garland, TX 1.0 1.0 726 $857 $1.18 25d 1 0.17mi
4605 Chaha Rd Unit 107 Garland, TX 1.0 1.0 726 $857 $1.18 0d 1 0.17mi
4605 Chaha Rd Unit 4647 Garland, TX 1.0 1.0 495 $867 $1.75 25d 1 0.17mi
4410 Point Blvd Unit 125 Garland, TX 1.0 1.0 744 $1,100 $1.48 93d 1 0.20mi
4410 Point Blvd Unit 1 Garland, TX 1.0 1.0 688 $950 $1.38 93d 1 0.20mi
4410 Point Blvd Unit 2 Garland, TX 2.0 1.0 744 $1,300 $1.75 93d 1 0.20mi
4390 Point Blvd Unit 119 Garland, TX 1.0 1.0 683 $910 $1.33 23d 1 0.20mi
4358 Point Blvd Garland, TX 1.0–2.0 1.0–2.0 895 $735 $0.82 38d 19 0.20mi
4358 Point Blvd Unit 4400 Garland, TX 1.0 1.0 677 $819 $1.21 24d 1 0.21mi
4358 Point Blvd Unit 107 Garland, TX 1.0 1.0 677 $906 $1.34 0d 1 0.21mi
4358 Point Blvd Unit 121 Garland, TX 1.0 1.0 677 $860 $1.27 24d 1 0.21mi
4358 Point Blvd Unit 121 Garland, TX 1.0 1.0 677 $819 $1.21 25d 1 0.21mi
4351 Point Blvd Garland, TX 1.0–2.0 1.0–2.0 901 $930 $1.03 0d 14 0.24mi
4369 Point Blvd Garland, TX 1.0 1.0 675 $890 $1.32 17d 1 0.25mi
5821 Marvin Loving Dr #105 Garland, TX 1.0 1.0 741 $1,250 $1.69 4d 1 0.30mi
5825 Marvin Loving Dr #205 Garland, TX 1.0 1.0 741 $1,450 $1.96 93d 1 0.30mi
5825 Marvin Loving Dr #202 Garland, TX 2.0 1.0 669 $1,400 $2.09 1d 1 0.30mi
4288 Bass Pro Dr Garland, TX 1.0–2.0 1.0–2.0 858 $1,200 $1.40 3d 3 0.33mi
5751 Marvin Loving Dr Garland, TX 1.0–2.0 1.0–2.0 797 $1,250 $1.57 38d 48 0.37mi
5751 Marvin Loving Dr Garland, TX 1.0–2.0 1.0–2.0 797 $1,250 $1.57 71d 48 0.37mi
3102 Zion Rd Garland, TX 1.0 1.0 625 $855 $1.37 93d 1 0.45mi
5638 Marina Dr #22 Garland, TX 1.0 1.0 510 $1,000 $1.96 38d 1 0.66mi
4901 Peninsula Way Garland, TX 1.0–3.0 1.0–2.0 978 $1,371 $1.40 0d 28 0.77mi
4919 Peninsula Way Garland, TX 1.0 1.0 675 $890 $1.32 17d 1 0.77mi
5013 Peninsula Way Garland, TX 1.0–3.0 1.0–2.0 1265 $1,077 $0.85 0d 9 0.80mi
5031 Peninsula Way Garland, TX 1.0 1.0 675 $890 $1.32 17d 1 0.80mi
5045 Peninsula Way Unit 119 Garland, TX 1.0 1.0 683 $910 $1.33 23d 1 0.81mi

Property features AI

Finance

Other
Community amenities: boat ramp, community pool, jogging/bike path
Financial info
Accepted financing: Cash, Conventional
HOA & community
Mandatory association with monthly fee (approx. $230)HOA covers front yard maintenance, grounds maintenance, sewer, water, management fees, and full use of facilitiesHOA management: Lavelle Management

Exterior

Parking
Assigned parking
Utilities
City waterCity sewerCable availableNot in a municipal utility district
Home design
Condominium (attached)One level unitBuilding with 2 stories totalBuilt in 1981Unit located on floor 1
Construction
Brick constructionSlab foundation
Exterior features
Covered patio/porchAccess to Ray Hubbard waterfront

Interior

Kitchen
DishwasherDisposalRefrigeratorGranite countersEat-in kitchen
Bedrooms
Primary bedroom (Level 1, approx. 13 x 12)
Flooring
Ceramic tileLuxury vinyl plank
Bathrooms
1 full bathroom
Heating & cooling
Central airElectric heatingWood-burning fireplace (living room)
Interior features
Open floorplanEat-in kitchenGranite countersCable TV available
Laundry & utility
Laundry in hallDryer

HOA detail $230/mo · $2,760/yr condo

Likely covers
watersewertrash
Assessments
None detected in remarks — confirm with the listing agent.

Listing history 50 events

  1. 2026-08-08
    days on market $114,500 Active 68 DOM
  2. 2026-08-06
    days on market $114,500 Active 66 DOM
  3. 2026-08-05
    days on market $114,500 Active 65 DOM
  4. 2026-08-04
    days on market $114,500 Active 64 DOM
  5. 2026-08-03
    pricedays on market $114,500 Active 63 DOM
  6. 2026-07-31
    days on market $117,000 Active 60 DOM
  7. 2026-07-30
    days on market $117,000 Active 58 DOM
  8. 2026-07-28
    pricedays on market $117,000 Active 57 DOM
  9. 2026-07-26
    days on market $127,000 Active 55 DOM
  10. 2026-07-24
    days on market $127,000 Active 53 DOM
  11. 2026-07-23
    days on market $127,000 Active 52 DOM
  12. 2026-07-22
    days on market $127,000 Active 51 DOM
  13. 2026-07-21
    days on market $127,000 Active 50 DOM
  14. 2026-07-20
    days on market $127,000 Active 49 DOM
  15. 2026-07-18
    days on market $127,000 Active 47 DOM
  16. 2026-07-18
    days on market $127,000 Active 46 DOM
  17. 2026-07-16
    days on market $127,000 Active 45 DOM
  18. 2026-07-15
    days on market $127,000 Active 44 DOM
  19. 2026-07-14
    days on market $127,000 Active 43 DOM
  20. 2026-07-13
    days on market $127,000 Active 42 DOM
  21. 2026-07-13
    days on market $127,000 Active 41 DOM
  22. 2026-07-11
    days on market $127,000 Active 40 DOM
  23. 2026-07-10
    days on market $127,000 Active 39 DOM
  24. 2026-07-09
    days on market $127,000 Active 38 DOM
  25. 2026-07-07
    days on market $127,000 Active 36 DOM
  26. 2026-07-06
    days on market $127,000 Active 35 DOM
  27. 2026-07-06
    days on market $127,000 Active 34 DOM
  28. 2026-07-05
    days on market $127,000 Active 33 DOM
  29. 2026-07-03
    days on market $127,000 Active 32 DOM
  30. 2026-07-02
    days on market $127,000 Active 31 DOM
  31. 2026-07-01
    days on market $127,000 Active 30 DOM
  32. 2026-06-30
    days on market $127,000 Active 29 DOM
  33. 2026-06-29
    days on market $127,000 Active 28 DOM
  34. 2026-06-28
    days on market $127,000 Active 27 DOM
  35. 2026-06-27
    days on market $127,000 Active 26 DOM
  36. 2026-06-26
    days on market $127,000 Active 25 DOM
  37. 2026-06-24
    days on market $127,000 Active 23 DOM
  38. 2026-06-22
    days on market $127,000 Active 21 DOM
  39. 2026-06-21
    pricedays on market $127,000 Active 20 DOM
  40. 2026-06-18
    days on market $130,000 Active 17 DOM
  41. 2026-06-17
    days on market $130,000 Active 16 DOM
  42. 2026-06-16
    days on market $130,000 Active 15 DOM
  43. 2026-06-15
    days on market $130,000 Active 14 DOM
  44. 2026-06-13
    days on market $130,000 Active 12 DOM
  45. 2026-06-09
    days on market $130,000 Active 8 DOM
  46. 2026-06-08
    days on market $130,000 Active 7 DOM
  47. 2026-06-07
    days on market $130,000 Active 6 DOM
  48. 2026-06-04
    days on market $130,000 Active 3 DOM
  49. 2026-06-03
    days on market $130,000 Active 2 DOM
  50. 2026-06-02
    remarks 699-char remark

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

Climate risk First Street

  • 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
  • 🔥 Wildfire 3/10 Moderate
  • 🌡 Heat 8/10 Severe 7 d/yr ≥110°F today · 25 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

Nearby sold comps map

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Walkable amenities ~0.75 mi

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Taxation est. · year 1

Rental income
$12,558
− Mortgage interest
−$6,414
− Property taxes
−$1,718
− Insurance
−$572
− Repairs & maintenance
−$1,005
− Management
−$1,005
− HOA
−$2,760
− Depreciation
−$3,331
Taxable loss
−$4,246
combined federal + state — saved on this device
Est. tax savings @ 24.0%
+$1,019
After-tax cash flow
$-1,315/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.

Condition & rehab AI · 12 photos

Good 80/100 Cosmetic rehab Est. rehab $3,350–$10,050 screening

This move-in ready condo is in excellent condition with modern finishes and a good location. It offers a good return on investment with updates that would further increase its value.

Value-add opportunities

  • Both Painting the exterior brick — Enhances curb appeal and value
  • Both Landscaping improvements — Enhances curb appeal and value
  • Both New flooring in the kitchen and bathrooms — Modernizes the space and adds value

ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

F Composite school gradezoned avg 26/100

Zoned Schools

Elementary Couch Collegiate Prep El Middle O'banion Middle F TX #1,507/1,662 Nat'l #12,181/14,009 High Garland H S F TX #941/1,632 Nat'l #9,497/17,239

Schools (NCES district)

District
Garland ISD
NCES district ID
4820340
Math proficiency
27% ▼ -23.00%
Reading proficiency
37% ▼ -10.00%
Median HH income
$58,392
Composite
28.63/100
National rank
#6706
State rank
#553 of 826 in TX
B Composite livability gradescore 74/100

Livability — Garland

Score
74/100
State rank
#165
US rank
#4447

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

Census place
Garland, TX
County
Dallas County · 2,979,839 people
City population
246,342
Metro
Dallas-Fort Worth-Arlington, TX
Population (ZIP)
63,152
Household income
$76,778
Rent vs Own
37.8% rent · 62.2% own
Severe rent burden
13% of renters

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
Highly diverse neighborhood (Simpson 0.73)
Race & ethnicity
Hispanic / Latino 37% White 30% Two or more races 23% Black 21% Asian 8%
Hispanic origin (detail)
Mexican 29%
Common ancestry
Slovak 1% Portuguese 1% Lithuanian 1%
Foreign-born
24% · Canada, Vietnam
Languages at home
60% English-only · Spanish 31% Other Asian/Pacific 2% Vietnamese 2%

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

Price history

-2.3% since first listed
2 events — show timeline
  • 2026-06-21 Price Changed $127,000 NTREIS
  • 2026-06-01 Listed $130,000 NTREIS

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

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