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4716 Sycamore 21-Plex
B- Composite 66.84
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 +24.3/30.0
  • ARV discount +15.0/15.0
  • DSCR +7.8/10.0
  • 1% rule +6.3/10.0
  • Livability +4.0/5.0
  • Condition / age +3.8/5.0
  • Schools +3.2/10.0
  • Rent growth +2.5/5.0
  • Appreciation +0.0/10.0

$2,495,000

4716 Sycamore · Dallas, TX 75204
29 bd · 25.2 ba · 14,750 sqft · MultiFamily · 12 Days on market
Built 1972 Good condition 0.48 ac lot $169/sqft · 21% below area Est $3.178M · 21% under ↓ 17% since listing

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

Multi-family units

County records classify this as Multi-Family (5+ Unit). Listing-text estimate: 21 units. confirmed

5+ unit building — per-unit beds/baths from public records are typically unavailable; the breakdown below (if shown) is an estimate from the listing text.

Listing remarks

Dallas Property Advisors, LLC is pleased to announce the exclusive listing of The Sycamore Tree Condominiums. Nestled in the residential neighborhood of Peak’s Suburban subdivision in Old East Dallas, 4716 Sycamore is a 21-unit multifamily complex. Each unit is separately deeded giving flexibility to the buyer in their exit strategy. Units are very spacious, averaging over 700 square feet and offer a variety of 1 and 2-bedroom floor plans. The building has central heating cooling, separate electric meters, ample parking, a spacious courtyard, and much more.

Key facts

  • Spacious courtyard
  • Close to downtown
  • 0.48 acre lot

Tags

SPACIOUS COURTYARDCLOSE TO DOWNTOWN

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 15×1bd/1ba + 6×2bd/1ba units multifamily listed at $2.50M. Condition is rated good.
  • This rent per unit is only 17% of the median local income ($92k/yr) — well below the 30% rent-burden line; pricing power to push rent on renewal without tenant pushback.

Deal economics

  • At list price, monthly cash flow is $5k ($60k/yr) — positive. Per door: $238/mo.
  • The deal already cash-flows at list — no discount required.
  • Meets the 1% rule at list price ($28k rent vs $2.50M).
  • Cap rate 8.7% vs local median 2.2% 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: Cesar Chavez Learning Center (math 23% / reading 31%, grade F, #2,791 of 4,322 statewide, top 68%, 558 students, 96% FRL); Alex W Spence Talented/Gifted Academy (math 35% / reading 41%, grade F, #717 of 1,662 statewide, top 44%, 599 students, 84% FRL); North Dallas H S (math 30% / reading 31%, grade F, #1,085 of 1,632 statewide, top 67%, 1,261 students, 82% FRL) — zoned schools at 87% FRL track the district average.
  • Market conditions: 499 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals lingering (median 146d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 80% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 12,577 units permitted in Dallas County in 2024 (6,829 in 5+ unit buildings).

Forward outlook

  • Local home prices are declining (-3.0%/yr); year-one equity from $17k of loan paydown is wiped out by about $75k 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

  • Only 12 days on market — expect competitive offers; lowballing is unlikely to land.
  • 3 sale attempts 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→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Recommended offer $2,495,000

Questions for the listing agent

  1. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
  2. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
  3. Built in 1972 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
  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 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
1.13% ✓
Cap rate
8.70%
Cash-on-cash
8.59%
DSCR
1.38
GRM
7.4

CMA / ARV

ARV (median comp)
$3,178,125
List price
$2,495,000
Delta
-21.49%
Verdict
UNDERPRICED
Comps
7 within 1.0 mi
Show comp detail 1 sale within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
4919 San Jacinto St 0.37mi 28/— (-1) 12,624 (-14%) 54mo $3,975,000 $315 34

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 · 3.0% rent growth · sell at horizon

5-year hold
IRR
-3.3%
Equity multiple
0.88×
Total profit
$-85,315
Equity at exit
$372,013
10-year hold
IRR
6.5%
Equity multiple
1.48×
Total profit
$337,629
Equity at exit
$215,722

Cash invested: $698,600 (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.

ZIP-level market 75204

Home prices YoY
-17.2%
Active inventory
499
Price-to-rent
166.3×

Monthly cashflow live

Estimated rent
$28,157 high interval (Pro) →
Mortgage (P&I)
−$13,084
Tax est. 1.5%
−$3,119 /mo · $37,425/yr
Insurance
−$1,040
HOA
−$0
Vacancy / Maint / Mgmt
−$5,913
Net cashflow
$5,002

21-unit breakdown (identical units grouped — click to expand)

UnitsBedsBathsEst. rent
Total (21 units) $28,157

Break-even live

Break-even rent $21,826
Max offer price $2,495,000
Occupancy floor 77%

Sensitivity live

Price -10% $6,726 -5% $5,864 +0% $5,002 +5% $4,140 +10% $3,277
Rent -10% $2,777 -5% $3,889 +0% $5,002 +5% $6,114 +10% $7,226
Rate -1.0pp $6,258 -0.5pp $5,636 base $5,002 +0.5pp $4,355 +1.0pp $3,697

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
$623,750
Closing costs
$74,850
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
4716 Sycamore St Dallas, TX 1.0 1.0 700 $1,250 $1.79 119d 2 0.01mi
4716 Sycamore St Dallas, TX 1.0 1.0 700 $1,250 $1.79 103d 2 0.01mi
4716 Sycamore St Dallas, TX 1.0–2.0 1.0–1.5 775 $1,200 $1.55 184d 3 0.01mi
4806 Swiss Ave Apt 3 Dallas, TX 1.0 1.5 750 $1,500 $2.00 10d 1 0.06mi
4810 Live Oak St Dallas, TX 1.0 1.0 650 $920 $1.42 165d 1 0.09mi
4810 Live Oak St Dallas, TX 1.0 1.0 600 $995 $1.66 10d 2 0.09mi
4715 Live Oak St Unit 113 Dallas, TX 1.0 1.0 590 $1,950 $3.31 100d 1 0.12mi
4715 Live Oak St #106 Dallas, TX 1.0 1.0 590 $1,665 $2.82 165d 1 0.12mi
4715 Live Oak St Unit 105 Dallas, TX 1.0 1.0 590 $1,850 $3.14 185d 1 0.12mi
4715 Live Oak St Unit 104 Dallas, TX 1.0 1.0 590 $1,665 $2.82 184d 1 0.12mi
4715 Live Oak St Unit 107 Dallas, TX 1.0 1.0 590 $1,850 $3.14 184d 1 0.12mi
4715 Live Oak St Unit 101 Dallas, TX 1.0 1.0 590 $1,755 $2.97 184d 1 0.12mi
911 N Fitzhugh Ave Unit 911 Dallas, TX 1.0 1.0 400 $1,995 $4.99 165d 1 0.12mi
4811 Live Oak St Unit 203 Dallas, TX 1.0 1.0 525 $895 $1.70 10d 1 0.12mi
4811 Live Oak St Unit 202 Dallas, TX 1.0 1.0 650 $895 $1.38 51d 1 0.12mi
4823 Gaston Ave Unit 203 Dallas, TX 1.0 1.0 675 $1,330 $1.97 10d 1 0.13mi
4823 Gaston Ave Unit 205 Dallas, TX 1.0 1.0 675 $1,330 $1.97 165d 1 0.13mi
4823 Gaston Ave Dallas, TX 1.0–2.0 1.0 720 $1,330 $1.85 122d 3 0.13mi
4823 Gaston Ave Dallas, TX 1.0 1.0 675 $1,330 $1.97 121d 1 0.13mi
4823 Gaston Ave Dallas, TX 1.0 1.0 675 $1,330 $1.97 143d 1 0.13mi
4823 Gaston Ave Dallas, TX 1.0 1.0 675 $1,330 $1.97 146d 1 0.13mi
4823 Gaston Ave Dallas, TX 1.0 1.0 675 $1,330 $1.97 105d 1 0.13mi
4815 Live Oak St Unit 9 Dallas, TX — 1.0 523 $750 $1.43 155d 1 0.13mi
4815 Live Oak St Unit 9 Dallas, TX — 1.0 523 $750 $1.43 146d 1 0.13mi
4815 Live Oak St Unit 7 Dallas, TX — 1.0 523 $750 $1.43 113d 1 0.13mi
4815 Live Oak St Unit 3 Dallas, TX — 1.0 523 $750 $1.43 184d 1 0.13mi
4920 Live Oak St Unit 44140 Dallas, TX — 1.0 612 $1,250 $2.04 7d 1 0.17mi
4915 Gaston Ave Dallas, TX 1.0 1.0 533 $875 $1.64 1d 1 0.17mi
4915 Gaston Ave Dallas, TX 1.0 1.0 533 $1,095 $2.05 163d 1 0.17mi
4915 Gaston Ave Dallas, TX 1.0 1.0 533 $995 $1.87 148d 1 0.17mi
4810 Gaston Ave Unit 202 Dallas, TX 1.0 1.0 675 $1,250 $1.85 145d 1 0.18mi
4810 Gaston Ave Unit 106 Dallas, TX 1.0 1.0 675 $1,200 $1.78 92d 1 0.18mi
4915 Live Oak St Dallas, TX 1.0 1.0 670 $950 $1.42 21d 1 0.18mi
4915 Live Oak St Dallas, TX 1.0 1.0 670 $950 $1.42 1d 1 0.18mi
4931 Live Oak St Dallas, TX 2.0 1.0–2.0 1040 $2,302 $2.21 0d 98 0.18mi
4623 Gaston Ave #7 Dallas, TX 1.0 1.0 700 $1,250 $1.79 1d 1 0.19mi
4623 Gaston Ave #7 Dallas, TX 1.0 1.0 700 $1,250 $1.79 65d 1 0.19mi
4950 Live Oak St Dallas, TX 1.0 1.0 650 $895 $1.38 80d 2 0.20mi
4950 Live Oak St Dallas, TX 1.0 1.0 650 $1,075 $1.65 10d 1 0.20mi
4950 Live Oak St Dallas, TX 1.0 1.0 650 $995 $1.53 105d 1 0.20mi

Property features AI

Finance

Financial info
21 units in one buildingGross annual income of $337,980Gross annual expenses of $133,933Net operating income of $204,046Capitalization rate of 8.18%Operating expenses include gardening, insurance, maintenance, grounds maintenance, management, utilities, and water/sewerAssumable qualifying loan

Exterior

Parking
29 common parking spaces
Utilities
City sewerCity water
Home design
Apartment buildingThree or more levels
Construction
Built in 1972Stucco constructionShingle roofSlab foundation
Exterior features
Wood fencing

Interior

Kitchen
Electric rangeRefrigerator
Bedrooms
29 bedrooms
Flooring
Ceramic tileLaminate
Bathrooms
21 full bathrooms8 half bathrooms
Heating & cooling
Central heatingCentral air conditioning
Interior features
Multiple staircasesWalk-in closets

Listing history 36 events

  1. 2026-11-08
    days on market $2,495,000 Active 12 DOM
  2. 2026-11-07
    days on market $2,495,000 Active 11 DOM
  3. 2026-11-06
    days on market $2,495,000 Active 10 DOM
  4. 2026-11-05
    days on market $2,495,000 Active 9 DOM
  5. 2026-11-04
    days on market $2,495,000 Active 8 DOM
  6. 2026-11-02
    days on market $2,495,000 Active 6 DOM
  7. 2026-11-01
    days on market $2,495,000 Active 5 DOM
  8. 2026-10-31
    days on market $2,495,000 Active 4 DOM
  9. 2026-10-30
    days on market $2,495,000 Active 3 DOM
  10. 2026-10-29
    days on market $2,495,000 Active 2 DOM
  11. 2026-10-27
    pricestatusdays on marketlisting id $2,495,000 Active 1 DOM
  12. 2026-06-30
    days on market $2,795,000 Active Contingent 144 DOM
  13. 2026-06-29
    days on market $2,795,000 Active Contingent 143 DOM
  14. 2026-06-28
    days on market $2,795,000 Active Contingent 142 DOM
  15. 2026-06-27
    days on market $2,795,000 Active Contingent 141 DOM
  16. 2026-06-26
    days on market $2,795,000 Active Contingent 140 DOM
  17. 2026-06-24
    days on market $2,795,000 Active Contingent 138 DOM
  18. 2026-06-22
    days on market $2,795,000 Active Contingent 136 DOM
  19. 2026-06-21
    days on market $2,795,000 Active Contingent 135 DOM
  20. 2026-06-18
    days on market $2,795,000 Active Contingent 132 DOM
  21. 2026-06-17
    days on market $2,795,000 Active Contingent 131 DOM
  22. 2026-06-16
    days on market $2,795,000 Active Contingent 130 DOM
  23. 2026-06-15
    days on market $2,795,000 Active Contingent 129 DOM
  24. 2026-06-13
    days on market $2,795,000 Active Contingent 127 DOM
  25. 2026-06-09
    days on market $2,795,000 Active Contingent 123 DOM
  26. 2026-06-08
    days on market $2,795,000 Active Contingent 122 DOM
  27. 2026-06-07
    days on market $2,795,000 Active Contingent 121 DOM
  28. 2026-06-04
    statusdays on market $2,795,000 Active Contingent 118 DOM
  29. 2026-06-03
    days on market $2,795,000 Active 117 DOM
  30. 2026-06-02
    days on market $2,795,000 Active 116 DOM
  31. 2026-06-02
    days on market $2,795,000 Active 115 DOM
  32. 2026-05-31
    days on market $2,795,000 Active 114 DOM
  33. 2026-02-06
    listed $2,795,000 Active 1286-char remark
  34. 2025-10-31
    historical
  35. 2025-09-12
    price $2,795,000
  36. 2025-06-09
    listed $2,995,000 Active

ⓘ 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 1/10 Low
  • 🌡 Heat 7/10 Severe 7 d/yr ≥109°F today · 23 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

Nearby sold comps map

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Walkable amenities ~0.75 mi

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Taxation est. · year 1

Rental income
$337,884
− Mortgage interest
−$139,759
− Property taxes
−$37,425
− Insurance
−$12,475
− Repairs & maintenance
−$27,031
− Management
−$27,031
− Depreciation
−$72,582
Taxable income
$21,582
combined federal + state — saved on this device
Est. tax owed @ 24.0%
−$5,180
After-tax cash flow
$54,840/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 · 13 photos

Good 75/100 Cosmetic rehab Est. rehab $73,750–$221,250 screening

The property is in good condition with no major repairs needed. It has a good exterior appearance and is move-in ready. The property has a good location and is suitable for both resale and rental.

Value-add opportunities

  • Both Paint the exterior siding — Painting the exterior siding can improve the curb appeal and increase the property's value. ↑
  • Both Clean the windows — Clean windows can improve the property's appearance and increase its value. ↑
  • Both Upgrade the HVAC system — Upgrading the HVAC system can improve the comfort of the residents and increase the property's value. ↑
  • Both Add a modern kitchen backsplash — A modern kitchen backsplash can improve the aesthetic appeal of the kitchen and increase the property's value. ↑
  • Both Add a modern bathroom vanity — A modern bathroom vanity can improve the aesthetic appeal of the bathroom and increase the property's 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 32/100

Zoned Schools

Elementary Cesar Chavez Learning Center F TX #2,791/4,322 Nat'l #28,475/41,679 Middle Alex W Spence Talented/gifted Academy F TX #717/1,662 Nat'l #6,571/14,009 High North Dallas H S F TX #1,085/1,632 Nat'l #10,882/17,239

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
A Composite livability gradescore 81/100

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 · 2,979,839 people
City population
1,168,437
Metro
Dallas-Fort Worth-Arlington, TX
Population (ZIP)
34,666
Household income
$92,253
Rent vs Own
81.4% rent · 18.6% own
Severe rent burden
9% 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
Diverse neighborhood (Simpson 0.63)
Race & ethnicity
White 55% Hispanic / Latino 20% Black 15% Two or more races 9% Asian 7%
Hispanic origin (detail)
Mexican 14% Puerto Rican 1%
Languages at home
77% English-only · Spanish 15% Other Indo-European 2% Other Asian/Pacific 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

-16.7% since first listed
7 events — show timeline
  • 2026-10-27 Listed $2,495,000 NTREIS
  • 2026-06-30 Listing Removed — NTREIS
  • 2026-06-03 Contingent — NTREIS
  • 2026-02-06 Listed $2,795,000 NTREIS
  • 2025-10-31 Listing Removed — NTREIS
  • 2025-09-12 Price Changed $2,795,000 NTREIS
  • 2025-06-09 Listed $2,995,000 NTREIS

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…