3814 Middlefield Rd Unit DA · Dallas, TX 75253

$199,500

3 bd · 2.0 ba · 1,458 sqft · SingleFamily public records · 38 Days on market

Built 2000 10,672 sqft lot $137/sqft · 33% below area Est $298k · 33% 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 +24.9/30.0
• ARV discount +15.0/15.0
• DSCR +8.1/10.0
• 1% rule +6.7/10.0
• 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

Owner Finance with 15% down. Remodeled 3 bedroom 2 bath great lot with nobody behind you. Great front porch to sit , relax and see those horses in the land in front.

Key facts

• 0.24 acre lot
• Built 2000
• Listed 37 days

Property features AI

Finance

• Other: Property offered For Sale; Possession at closing/funding; Standard listing conditions
• Financial info: Listing terms include Cash and Conventional; No second mortgage listed
• HOA & community: No association

Exterior

• Parking: No garage or covered/carport spaces (parking listed as Other)
• Utilities: City water; City sewer; No municipal utility district
• Home design: Single-family residence; Residential property; Built in 2000
• Construction: Composition roof; Property is not attached
• Exterior features: Lot under 0.5 acre (approximately 0.245 acres); Subdivision: Middlefield Estates

Interior

• Kitchen: Other appliances
• Bedrooms: 3 bedrooms (primary bedroom on first floor)
• Flooring: Carpet; Laminate
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning (electric)
• Interior features: One-level layout; Living room fireplace; One living area; One dining area; Other interior features

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $200k.

Deal economics

• At list price, monthly cash flow is $429 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $200k).
• Recommended offer: $194k (3.0% below list) — sets the bar for market timing.
• Cap rate 8.9% 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: 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.
• Zoned schools: Ebby Halliday El (math 28% / reading 28%, grade F, #2,740 of 4,322 statewide, top 64%, 622 students, 85% FRL) — zoned schools at 85% FRL track the district average.
• Market conditions: Rents soft (-0.6%/yr); 126 active listings in the ZIP; 9 comparable units currently listed for rent nearby; rentals leasing fast (median 12d on market — plan ~1-2 weeks tenant-placement turnaround); 44% 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 $2,326/mo this rent would consume 46% of the median local household income ($61k/yr) (locally 497% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k 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 38 days — a 3% lower offer ($194k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 8y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→26/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $193,515 (3.0% below list)

Questions for the listing agent

1. It's been on market 38 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
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. 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.
5. 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.
6. 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: 1.17% ✓
• Cap rate: 8.87%
• Cash-on-cash: 9.21%
• DSCR: 1.41
• GRM: 7.1

CMA / ARV

• ARV (median comp): $298,455
• List price: $199,500
• Delta: -33.16%
• 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
3009 Blue Pine Pl	0.21mi	4/2.0 (+1)	1,607 (+10%)	3mo	$299,888	$187	66
3016 Blue Pine Pl	0.20mi	4/2.0 (+1)	1,607 (+10%)	4mo	$309,900	$193	66
3583 Bronze Oak Ter	0.25mi	4/2.0 (+1)	1,607 (+10%)	2mo	$317,900	$198	65
3018 Golden Birch Dr	0.22mi	4/2.0 (+1)	1,607 (+10%)	4mo	$299,900	$187	64
3004 Blue Pine Pl	0.22mi	4/2.0 (+1)	1,607 (+10%)	4mo	$314,900	$196	64
3567 Bronze Oak Ter	0.24mi	4/2.0 (+1)	1,607 (+10%)	3mo	$316,900	$197	64
3559 Bronze Oak Ter	0.24mi	4/2.0 (+1)	1,607 (+10%)	5mo	$319,900	$199	62
3019 Golden Birch Dr	0.25mi	4/2.0 (+1)	1,607 (+10%)	6mo	$299,888	$187	62
3007 Golden Birch Dr	0.27mi	4/2.0 (+1)	1,607 (+10%)	6mo	$313,900	$195	60
3541 Sourwood Ln	0.24mi	4/2.0 (+1)	1,607 (+10%)	8mo	$307,900	$192	60
3008 Blair Maple Way	0.29mi	4/2.0 (+1)	1,607 (+10%)	7mo	$299,900	$187	59
3510 Sourwood Ln	0.31mi	4/2.0 (+1)	1,607 (+10%)	8mo	$299,900	$187	57

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: -5.9%
• Equity multiple: 0.79×
• Total profit: $-11,785
• Equity at exit: $29,746

10-year hold

• IRR: -0.4%
• Equity multiple: 0.98×
• Total profit: $-1,226
• Equity at exit: $17,249

Cash invested: $55,860 (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 75253

• Home prices YoY: -7.2%
• Rents YoY: -0.6%
• Active inventory: 126
• Price-to-rent: 7.1×

Monthly cashflow live

• Estimated rent: $2,326 high
• Mortgage (P&I): −$1,046
• Tax from tax record: −$279 /mo · $3,353/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$488
• Net cashflow: $429

Break-even live

Break-even rent $1,783

Max offer price $199,500

Occupancy floor 77%

Sensitivity live

Price	-10% $542	-5% $485	+0% $429	+5% $372	+10% $316
Rent	-10% $245	-5% $337	+0% $429	+5% $521	+10% $612
Rate	-1.0pp $529	-0.5pp $479	base $429	+0.5pp $377	+1.0pp $324

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: $49,875
• Closing costs: $5,985
• Reserves months: —
• Total cash needed: —

Rent comps 9 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3637 Silver Maple Ln Dallas, TX	4.0	2.0	1780	$2,500	$1.40	0d	1	0.08mi
3637 Silver Maple Ln Dallas, TX	4.0	2.0	1780	$2,500	$1.40	8d	1	0.08mi
3616 Chestnut Oak Dr Dallas, TX	3.0	3.0	1770	$2,250	$1.27	44d	1	0.08mi
2356 Licorice Pl Dallas, TX	3.0	2.0	1287	$1,800	$1.40	44d	1	1.01mi
9234 Crimnson Ct Dallas, TX	3.0	2.0	1266	$2,080	$1.64	12d	1	1.03mi
9290 Crimnson Ct Dallas, TX	3.0	2.0	1606	$1,900	$1.18	3d	1	1.14mi
9290 Crimnson Ct Dallas, TX	3.0	2.0	1606	$2,050	$1.28	44d	1	1.15mi
9444 Lipton Ln Dallas, TX	3.0	2.0	1638	$2,150	$1.31	44d	1	1.28mi
1903 Education Way Dallas, TX	3.0–4.0	2.0–2.5	1775	$2,200	$1.24	0d	13	1.47mi

Listing history 31 events

1. 2026-06-21
   days on market $199,500 Active 38 DOM
2. 2026-06-18
   days on market $199,500 Active 35 DOM
3. 2026-06-17
   days on market $199,500 Active 34 DOM
4. 2026-06-16
   days on market $199,500 Active 33 DOM
5. 2026-06-15
   price $199,500 Active 32 DOM
6. 2026-06-15
   days on market $205,000 Active 32 DOM
7. 2026-06-13
   days on market $205,000 Active 30 DOM
8. 2026-06-09
   days on market $205,000 Active 26 DOM
9. 2026-06-08
   days on market $205,000 Active 25 DOM
10. 2026-06-07
    days on market $205,000 Active 24 DOM
11. 2026-06-04
    days on market $205,000 Active 21 DOM
12. 2026-06-03
    days on market $205,000 Active 20 DOM
13. 2026-06-02
    days on market $205,000 Active 19 DOM
14. 2026-06-01
    days on market $205,000 Active 18 DOM
15. 2026-05-31
    days on market $205,000 Active 17 DOM
16. 2026-05-14
    listed $205,000 Active 128-char remark
17. 2026-02-11
    historical
18. 2026-01-20
    price $217,000
19. 2026-01-13
    price $220,000
20. 2026-01-02
    price $225,000
21. 2025-12-09
    listed $235,000 Active
22. 2018-11-15
    soldstatus
23. 2018-11-13
    soldstatus Sold

    Show marketing remark (165 chars)

    Owner Finance with 15% down. Remodeled 3 bedroom 2 bath great lot with nobody behind you. Great front porch to sit , relax and see those horses in the land in front.

24. 2018-11-07
    status Pending

    Show marketing remark (165 chars)

    Owner Finance with 15% down. Remodeled 3 bedroom 2 bath great lot with nobody behind you. Great front porch to sit , relax and see those horses in the land in front.

25. 2018-10-29
    historical Active Option Contract

    Show marketing remark (165 chars)

    Owner Finance with 15% down. Remodeled 3 bedroom 2 bath great lot with nobody behind you. Great front porch to sit , relax and see those horses in the land in front.

26. 2018-10-29
    status Active

    Show marketing remark (165 chars)

    Owner Finance with 15% down. Remodeled 3 bedroom 2 bath great lot with nobody behind you. Great front porch to sit , relax and see those horses in the land in front.

27. 2018-10-25
    soldstatus
28. 2018-10-24
    historical Active Option Contract

    Show marketing remark (165 chars)

    Owner Finance with 15% down. Remodeled 3 bedroom 2 bath great lot with nobody behind you. Great front porch to sit , relax and see those horses in the land in front.

29. 2018-10-20
    listed $137,000 Active

    Show marketing remark (165 chars)

    Owner Finance with 15% down. Remodeled 3 bedroom 2 bath great lot with nobody behind you. Great front porch to sit , relax and see those horses in the land in front.

30. 2003-03-19
    soldstatus
31. 2003-03-19
    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: $3,353 · $279/mo
• Projected year-2 tax: $3,651 · $304/mo
• Expected delta: +$298/yr (+$25/mo · 8.9%)

ⓘ 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 · 0% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 8/10 Severe 7 d/yr ≥110°F today · 26 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $27,910
• − Mortgage interest: −$11,175
• − Property taxes: −$3,353
• − Insurance: −$998
• − Repairs & maintenance: −$2,233
• − Management: −$2,233
• − Depreciation: −$5,804
• Taxable income: $2,116
• Est. tax owed @ 24.0%: −$508
• After-tax cash flow: $4,637/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): 24,395
• Household income: $60,874
• Rent vs Own: 31.1% rent · 68.9% own
• Severe rent burden: 497.0

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: Predominantly Hispanic (70%)
• Race & ethnicity: Hispanic / Latino 70% Two or more races 35% White 15% Black 14% Asian 1%
• Hispanic origin (detail): Mexican 64%
• Common ancestry: Iranian 1% Slovak 1%
• Foreign-born: 32% · Canada
• Languages at home: 36% English-only · Spanish 62%

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: ▼ -27.55%
• Current HPI: 357.4375
• Rent YoY: ▼ -0.58%
• 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

+45.6% since first listed

17 events — show timeline

• 2026-06-15 Price Changed $199,500 NTREIS
• 2026-05-14 Listed $205,000 NTREIS
• 2026-02-11 Listing Removed — NTREIS
• 2026-01-20 Price Changed $217,000 NTREIS
• 2026-01-13 Price Changed $220,000 NTREIS
• 2026-01-02 Price Changed $225,000 NTREIS
• 2025-12-09 Listed $235,000 NTREIS
• 2018-11-15 Sold (Public Records) — Public Records
• 2018-11-13 Sold (MLS) — NTREIS
• 2018-11-07 Pending — NTREIS
• 2018-10-29 Contingent — NTREIS
• 2018-10-29 Relisted — NTREIS
• 2018-10-25 Sold (Public Records) — Public Records
• 2018-10-24 Contingent — NTREIS
• 2018-10-20 Listed $137,000 NTREIS
• 2003-03-19 Sold (Public Records) — Public Records
• 2003-03-19 Sold (Public Records) — Public Records

Property tax history

+4.9%/yr

Latest (2025): $3,353 · -0.4% YoY. Source: county tax records.