3423 S Harwood St · Dallas, TX 75215

$245,000

3 bd · 2.0 ba · 1,947 sqft · SingleFamily public records · 86 Days on market

Built 1931 4,487 sqft lot $126/sqft · 19% below area Est $301k · 19% under

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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 +20.6/30.0
• ARV discount +15.0/15.0
• DSCR +6.6/10.0
• 1% rule +5.4/10.0
• 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

Listing remarks MLS

This spacious newly remodeled with a roof replaced in 2023, plumbing, electrical, redone from the ground up. The home features an open floor plan with 4-bedrooms, 2-full baths, beautiful laminate floors throughout the entire home with NO CARPET. An updated kitchen with plenty of cabinet space, bay windows, dish washer and a high grade flat range stove. Both bathrooms are spacious, both containing double sinks. The 4 bedrooms provide natural light and privacy. Full washer and dryer connections and a cozy backyard and a big covered porch to top it all off. The home is very spacious and priced well for its size. In walking distance to the local school, just minutes away from downtown Dallas.

Key facts

• Double sinks
• Open floor plan
• Big covered porch

Tags

• OPEN FLOOR PLAN
• UPDATED KITCHEN
• BAY WINDOWS
• DOUBLE SINKS
• BIG COVERED PORCH
• MINUTES FROM DOWNTOWN DALLAS

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $245k.

Deal economics

• At list price, monthly cash flow is $329 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $245k).
• Recommended offer: $230k (6.0% below list) — sets the bar for market timing.
• Cap rate 7.9% 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 24d on market — plan ~3-4 weeks tenant-placement turnaround); 40% of comp listings sitting > 30 days — soft ceiling on asking rent; 12,577 units permitted in Dallas County in 2024 (6,829 in 5+ unit buildings).
• At $2,551/mo this rent would consume 67% 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 $4k of equity ($2k loan paydown + $2k appreciation (0.8% local appreciation)).
• Dallas County population projected at +35% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (0.8% appreciation + 7.2% rent growth), your $69k cash investment doubles in ~6 years — after that, you're playing with house money.
• By year 9, paydown + projected appreciation supports a ~$34k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 86 days — a 6% lower offer ($230k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 7y ago; this cycle's ask is 10552% above the opening price — seller raised mid-cycle; expect resistance to lowballs.

Risks & watch-outs

• Watch-outs: built in 1931 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major flood risk; 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 $230,300 (6.0% below list)

Questions for the listing agent

1. It's been on market 86 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1931 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
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: 1.04% ✓
• Cap rate: 7.91%
• Cash-on-cash: 5.76%
• DSCR: 1.26
• GRM: 8.0

CMA / ARV

• ARV (median comp): $301,282
• List price: $245,000
• Delta: -18.68%
• 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
3604 Wendelkin St	0.12mi	4/3.0 (+1)	2,000 (+3%)	3mo	$388,500	$194	78
2508 Park Row Ave	0.57mi	3/1.0	1,943 (-0%)	5mo	$210,000	$108	65
2618 Birmingham Ave	0.45mi	3/2.5	1,800 (-8%)	1mo	$314,900	$175	64
2317 Peabody Ave	0.31mi	4/2.5 (+1)	1,792 (-8%)	4mo	$314,500	$176	62
3900 Colonial Ave	0.43mi	4/2.0 (+1)	1,792 (-8%)	2mo	$126,000	$70	60
2620 Peabody Ave	0.50mi	3/3.5	1,850 (-5%)	3mo	$345,000	$186	60
3835 Spence St	0.45mi	4/3.0 (+1)	2,064 (+6%)	2mo	$420,000	$203	59
2807 Tanner St	0.59mi	3/2.0	1,782 (-8%)	1mo	$264,000	$148	58
2512 Peabody Ave	0.40mi	3/3.5	1,700 (-13%)	2mo	$355,000	$209	53
3312 Latimer St	0.31mi	4/3.0 (+1)	2,200 (+13%)	6mo	$480,000	$218	50
2616 Peabody Ave	0.49mi	3/3.5	1,690 (-13%)	2mo	$345,000	$204	48
2417 Felton Ct	0.70mi	4/3.5 (+1)	2,042 (+5%)	2mo	$377,500	$185	46

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: 9.7%
• Equity multiple: 1.50×
• Total profit: $34,280
• Equity at exit: $80,962

10-year hold

• IRR: 16.4%
• Equity multiple: 3.19×
• Total profit: $150,074
• Equity at exit: $105,551

Cash invested: $68,600 (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: 8.0×

Monthly cashflow live

• Estimated rent: $2,551 high
• Mortgage (P&I): −$1,285
• Tax from tax record: −$299 /mo · $3,586/yr
• Insurance: −$102
• HOA: −$0
• Vacancy / Maint / Mgmt: −$536
• Net cashflow: $329

Break-even live

Break-even rent $2,134

Max offer price $245,000

Occupancy floor 82%

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: $61,250
• Closing costs: $7,350
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3521 S Harwood St Dallas, TX	3.0	2.5	1750	$2,700	$1.54	2d	1	0.05mi
3413 Wendelkin St Dallas, TX	3.0	2.5	1724	$2,650	$1.54	1d	1	0.09mi
3502 Edgewood St Dallas, TX	4.0	2.0	1866	$2,523	$1.35	1d	1	0.16mi
2507 Birmingham Ave Dallas, TX	3.0	2.5	1516	$2,500	$1.65	24d	1	0.32mi
3609 Cleveland St Dallas, TX	4.0	2.5	1500	$2,700	$1.80	7d	1	0.38mi
4024 Colonial Ave Dallas, TX	4.0	2.0	1560	$2,400	$1.54	24d	1	0.51mi
2847 Metropolitan Ave Dallas, TX	3.0	1.0	1344	$2,050	$1.53	21d	1	0.68mi
2312 Stoneman St Dallas, TX	4.0	3.0	2106	$3,100	$1.47	4d	1	0.74mi
2618 Carpenter Ave Dallas, TX	4.0	3.0	2050	$3,200	$1.56	43d	1	0.83mi
1713 Herald St Dallas, TX	3.0	2.5	2142	$2,300	$1.07	7d	1	0.96mi
1711 Herald St Dallas, TX	3.0	2.5	2140	$2,350	$1.10	43d	1	0.96mi
3915 Coolidge St Dallas, TX	4.0	2.0	1416	$2,100	$1.48	43d	1	1.02mi
3308 Birmingham Ave Unit 11 Dallas, TX	2.0	2.5	1505	$2,375	$1.58	43d	1	1.05mi
3308 Birmingham Ave Unit 03 Dallas, TX	2.0	2.5	1451	$2,275	$1.57	43d	1	1.05mi
3308 Birmingham Ave Unit 1 Dallas, TX	2.0	2.5	1451	$2,275	$1.57	24d	1	1.05mi
3308 Birmingham Ave Unit 6 Dallas, TX	2.0	2.5	1341	$2,175	$1.62	16d	1	1.05mi
3308 Birmingham Ave Unit 7 Dallas, TX	2.0	2.5	1287	$2,125	$1.65	14d	1	1.05mi
2406 Merlin St Dallas, TX	3.0	2.5	2004	$2,500	$1.25	7d	1	1.08mi
1512 Seegar St Unit 1508 Dallas, TX	3.0	3.5	2003	$3,250	$1.62	43d	1	1.09mi
1508 Seegar St Dallas, TX	3.0	3.5	1966	$3,124	$1.59	14d	9	1.09mi
1100 Corinth St Dallas, TX	2.0–3.0	2.5–3.5	1572	$3,595	$2.29	43d	10	1.10mi
1900 S Ervay St Dallas, TX	2.0	3.0	1302	$3,700	$2.84	43d	1	1.11mi
2408 Meyers St Unit 204 Dallas, TX	2.0	1.0	2375	$770	$0.32	2d	1	1.15mi
3331 Spring Ave Dallas, TX	3.0	2.0	1652	$2,200	$1.33	7d	1	1.17mi
3331 Spring Ave Dallas, TX	3.0	2.0	1652	$2,200	$1.33	24d	1	1.17mi
1874 Beaumont St Dallas, TX	4.0	5.0	2578	$4,900	$1.90	43d	1	1.18mi
1805 Browder St #103 Dallas, TX	3.0	3.5	2358	$8,000	$3.39	43d	1	1.19mi
1805 Browder St Unit 1019612P Dallas, TX	3.0	3.5	2357	$6,830	$2.90	6d	1	1.19mi
3230 Elihu St #5 Dallas, TX	2.0	3.5	1400	$2,700	$1.93	43d	1	1.22mi
3230 Elihu St #2 Dallas, TX	2.0	3.5	1400	$2,300	$1.64	43d	1	1.22mi
5000 Linder Ave Dallas, TX	3.0	2.0	1327	$1,950	$1.47	43d	1	1.25mi
4503 Bradshaw St Dallas, TX	4.0	2.0	1263	$1,600	$1.27	7d	1	1.26mi
3523 Herrling St Dallas, TX	3.0	2.0	1525	$1,800	$1.18	16d	1	1.26mi
2246 Hooper St Dallas, TX	3.0	3.0	1870	$2,400	$1.28	43d	1	1.28mi
2207 Anderson St Dallas, TX	3.0	2.5	1419	$2,300	$1.62	7d	1	1.32mi
2714 Hector St Dallas, TX	3.0	2.0	1233	$2,100	$1.70	24d	1	1.36mi
1245 Gano St #602 Dallas, TX	2.0	2.5	2465	$2,800	$1.14	21d	1	1.39mi
2840 Oakdale St Dallas, TX	3.0	2.0	1379	$1,900	$1.38	43d	1	1.39mi
2521 Bethurum Ave Dallas, TX	3.0	2.5	1600	$2,300	$1.44	43d	1	1.40mi
1552 Cosette Dr Dallas, TX	2.0	2.5	2344	$3,355	$1.43	16d	1	1.41mi

Listing history 29 events

1. 2026-06-18
   days on market $245,000 Active 86 DOM
2. 2026-06-18
   price $245,000 Active 85 DOM
3. 2026-06-17
   days on market $255,000 Active 85 DOM
4. 2026-06-16
   days on market $255,000 Active 84 DOM
5. 2026-06-15
   days on market $255,000 Active 83 DOM
6. 2026-06-13
   days on market $255,000 Active 81 DOM
7. 2026-06-09
   days on market $255,000 Active 77 DOM
8. 2026-06-08
   days on market $255,000 Active 76 DOM
9. 2026-06-07
   days on market $255,000 Active 75 DOM
10. 2026-06-04
    days on market $255,000 Active 72 DOM
11. 2026-06-03
    days on market $255,000 Active 71 DOM
12. 2026-06-02
    days on market $255,000 Active 70 DOM
13. 2026-06-01
    days on market $255,000 Active 69 DOM
14. 2026-05-31
    days on market $255,000 Active 68 DOM
15. 2026-04-21
    price $255,000 704-char remark

    Show marketing remark (704 chars)

    This spacious newly remodeled with a roof replaced in 2023, plumbing, electrical, redone from the ground up. The home features an open floor plan with 4-bedrooms, 2-full baths, beautiful laminate floors throughout the entire home with NO CARPET. An updated kitchen with plenty of cabinet space, bay windows, dish washer and a high grade flat range stove. Both bathrooms are spacious, both containing double sinks. The 4 bedrooms provide natural light and privacy. Full washer and dryer connections and a cozy backyard and a big covered porch to top it all off. The home is very spacious and priced well for its size. In walking distance to the local school, just minutes away from downtown Dallas.

16. 2026-03-25
    listed $2,300
17. 2026-03-24
    listed $269,000 Active 704-char remark

    Show marketing remark (704 chars)

    This spacious newly remodeled with a roof replaced in 2023, plumbing, electrical, redone from the ground up. The home features an open floor plan with 4-bedrooms, 2-full baths, beautiful laminate floors throughout the entire home with NO CARPET. An updated kitchen with plenty of cabinet space, bay windows, dish washer and a high grade flat range stove. Both bathrooms are spacious, both containing double sinks. The 4 bedrooms provide natural light and privacy. Full washer and dryer connections and a cozy backyard and a big covered porch to top it all off. The home is very spacious and priced well for its size. In walking distance to the local school, just minutes away from downtown Dallas.

18. 2024-03-13
    historical $2,400
19. 2024-02-13
    listed $2,400
20. 2024-01-09
    historical $2,300
21. 2023-11-01
    listed $2,300
22. 2019-06-03
    status Pending
23. 2019-05-08
    historical Active Option Contract
24. 2019-05-08
    historical
25. 2019-04-25
    status Active
26. 2019-03-21
    status Pending
27. 2019-03-18
    historical Active Option Contract
28. 2019-03-11
    listed $90,000 Active
29. 2005-03-18
    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: $3,586 · $299/mo
• Projected year-2 tax: $4,484 · $374/mo
• Expected delta: +$898/yr (+$75/mo · 25.0%)

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

Climate risk First Street

• 🌊 Flood 6/10 Major FEMA zone X (unshaded) · 94% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 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 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $30,608
• − Mortgage interest: −$13,724
• − Property taxes: −$3,586
• − Insurance: −$1,225
• − Repairs & maintenance: −$2,449
• − Management: −$2,449
• − Depreciation: −$7,127
• Taxable income: $49
• Est. tax owed @ 24.0%: −$12
• After-tax cash flow: $3,940/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

+183.3% since first listed

15 events — show timeline

• 2026-04-21 Price Changed $255,000 NTREIS
• 2026-03-25 Listed for Rent $2,300 NTREIS
• 2026-03-24 Listed $269,000 NTREIS
• 2024-03-13 Rental Removed $2,400 NTREIS
• 2024-02-13 Listed for Rent $2,400 NTREIS
• 2024-01-09 Rental Removed $2,300 NTREIS
• 2023-11-01 Listed for Rent $2,300 NTREIS
• 2019-06-03 Pending — NTREIS
• 2019-05-08 Contingent — NTREIS
• 2019-05-08 Listing Removed — NTREIS
• 2019-04-25 Relisted — NTREIS
• 2019-03-21 Pending — NTREIS
• 2019-03-18 Contingent — NTREIS
• 2019-03-11 Listed $90,000 NTREIS
• 2005-03-18 Sold (Public Records) — Public Records

Property tax history

+12.2%/yr

Latest (2025): $3,586 · +9.3% YoY. Source: county tax records.