230 W Jerden Ln · Dallas, TX 75208

$415,000

3 bd · 2.0 ba · 1,828 sqft · MultiFamily public records · 5 Days on market

Built 1945 9,932 sqft lot Est $340k · 22% over ↓ 8% since listing

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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).

• Cash flow +21.7/30.0
• DSCR +6.9/10.0
• 1% rule +6.0/10.0
• Livability +4.0/5.0
• Schools +2.8/10.0
• Condition / age +2.5/5.0
• Rent growth +2.0/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 3 units. confirmed

Listing remarks

Exceptional triplex investment opportunity in Dallas! Located less than 2 miles from the Bishop Arts District, this income-producing property features three 2-bedroom, 1-bathroom units with great updates throughout. Conveniently positioned near dining, shopping, entertainment, major employment centers, and downtown Dallas, the property offers broad appeal and easy access to everyday amenities. Whether you're looking to expand your investment portfolio or add a multi-family asset in a well-connected location, this triplex presents a unique opportunity in an established Dallas neighborhood. This one won’t last, don’t miss out!

Key facts

• 9,932 sq ft lot
• 7 parking spots
• Built 1945

Tags

• TRIPLEX INVESTMENT OPPORTUNITY
• INCOME PRODUCING PROPERTY
• MAJOR EMPLOYMENT CENTERS
• WELL CONNECTED LOCATION

Property features AI

Finance

• Other: Listing accepts Cash, Conventional, FHA, and VA financing
• Financial info: Property listed as residential income; 3 total units and 1 building; No reported gross annual income or expenses on file
• HOA & community: No association

Exterior

• Parking: Driveway with 7 parking spaces
• Security: Smoke detectors
• Utilities: City water; City sewer; Electricity connected (overhead); Natural gas available; Individual gas meter; Individual water meter
• Home design: Triplex (residential income); One-level units; Faces unspecified
• Construction: Built in 1945; Siding exterior; Composition roof; Pillar/Post/Pier foundation
• Exterior features: Covered porch(es); Private yard; Storage; Large backyard with grass; Fenced backyard with chain link, wood, and privacy fencing

Interior

• Kitchen: Disposal; Electric cooktop; Gas range; Microwave; Plumbed for gas in kitchen
• Bedrooms: 6 bedrooms
• Flooring: Ceramic tile; Laminate
• Bathrooms: 3 full bathrooms
• Heating & cooling: Ceiling fans; Wall/window air conditioning units; Other heating
• Interior features: Open floorplan; Eat-in kitchen; Kitchen island; Granite counters; Decorative lighting; Cable TV available; High speed internet available
• Laundry & utility: Washer/dryer hookups (individual meters for each unit implied by individual water/gas meters)

What this means for you Summary

Snapshot

• This is a 3 × 2-bed/1.0-bath units multifamily listed at $415k.

Deal economics

• At list price, monthly cash flow is $640 ($8k/yr) — positive. Per door: $213/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($5k rent vs $415k).
• Cap rate 8.1% 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 (-1.8%/yr); 244 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 55% 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).
• At $4,546/mo this rent would consume 67% of the median local household income ($82k/yr) (locally 1005% 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 $3k of loan paydown is wiped out by about $12k 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 5 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 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

• Watch-outs: built in 1945 — 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 $415,000

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 1945 — 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. 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?
7. 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.
8. 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.
9. 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: 1.10% ✓
• Cap rate: 8.14%
• Cash-on-cash: 6.61%
• DSCR: 1.29
• GRM: 7.6

CMA / ARV

• ARV (on-the-fly): $340,008
• Comps found: 3

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
433-435 W Page Ave	0.41mi	2/1.0 (-1)	1,828 (0%)	19mo	$350,000	$191	56
1015 S Zang Blvd	0.08mi	4/4.0 (+1)	1,988 (+9%)	20mo	$275,000	$138	52
700 Cumberland St	0.44mi	4/2.0 (+1)	1,692 (-7%)	18mo	$315,000	$186	47

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: -9.6%
• Equity multiple: 0.66×
• Total profit: $-39,690
• Equity at exit: $61,878

10-year hold

• IRR: -5.1%
• Equity multiple: 0.72×
• Total profit: $-33,075
• Equity at exit: $35,882

Cash invested: $116,200 (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 75208

• Rents YoY: -1.8%
• Active inventory: 244
• Price-to-rent: 22.8×

Monthly cashflow live

• Estimated rent: $4,546 high
• Mortgage (P&I): −$2,176
• Tax from tax record: −$602 /mo · $7,226/yr
• Insurance: −$173
• HOA: −$0
• Vacancy / Maint / Mgmt: −$955
• Net cashflow: $640

Break-even live

Break-even rent $3,736

Max offer price $415,000

Occupancy floor 81%

Sensitivity live

Price	-10% $875	-5% $757	+0% $640	+5% $523	+10% $405
Rent	-10% $281	-5% $460	+0% $640	+5% $820	+10% $999
Rate	-1.0pp $849	-0.5pp $746	base $640	+0.5pp $532	+1.0pp $423

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

Units	Beds	Baths	Est. rent
▸ 3× units	2	1	$4,545
Total (3 units)			$4,546

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: $103,750
• Closing costs: $12,450
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
314 W Clarendon Dr Dallas, TX	4.0	2.0	2096	$1,900	$0.91	44d	1	0.11mi
217 W Yarmouth St Dallas, TX	3.0	2.5	2155	$3,500	$1.62	44d	1	0.17mi
219 W Yarmouth St Dallas, TX	3.0	2.5	2155	$3,500	$1.62	44d	1	0.18mi
200 E 12th St Dallas, TX	2.0	1.0	1932	$1,500	$0.78	44d	1	0.62mi
1731 Seevers Ave Dallas, TX	3.0	2.0	1980	$2,480	$1.25	44d	1	0.62mi
519 Heyser Dr Dallas, TX	2.0	2.0	1300	$2,300	$1.77	25d	1	0.64mi
1810 Ramsey Ave Dallas, TX	3.0	2.0	1546	$2,350	$1.52	44d	1	0.71mi
422 W 9th St Unit 1042 Dallas, TX	2.0	2.0	1301	$2,085	$1.60	44d	1	0.78mi
422 W 9th St Unit 328 Dallas, TX	2.0	2.0	1369	$2,031	$1.48	44d	1	0.78mi
416 W 9th St Unit a Dallas, TX	4.0	2.0	1279	$2,800	$2.19	44d	1	0.79mi
410 W 9th St Unit 104 Dallas, TX	2.0	2.5	1566	$2,699	$1.72	44d	1	0.79mi
239 W 9th St Unit 6-226 Dallas, TX	2.0	2.0	1398	$2,098	$1.50	44d	1	0.80mi
236 Melba St #101 Dallas, TX	3.0	3.5	2225	$3,800	$1.71	4d	1	0.84mi
410 Melba St #2 Dallas, TX	3.0	3.0	2158	$3,800	$1.76	8d	1	0.85mi
1917 S Vernon Ave Dallas, TX	4.0	2.0	2340	$3,199	$1.37	6d	1	0.88mi
723 W 10th St #101 Dallas, TX	3.0	3.5	1994	$3,450	$1.73	25d	1	0.88mi
723 W 10th St Unit 109 Dallas, TX	3.0	3.5	1994	$3,200	$1.60	8d	1	0.88mi
723 W 10th St Unit 103 Dallas, TX	3.0	3.5	1994	$3,100	$1.55	25d	1	0.88mi
850 S Ewing Ave Dallas, TX	1.0–2.0	1.0–2.5	1086	$2,450	$2.25	4d	2	0.89mi
824 Sunset Ave Unit 1024498P Dallas, TX	2.0	3.0	1593	$4,127	$2.59	25d	1	0.89mi
727 W 10th St Unit 108 Dallas, TX	3.0	3.5	1994	$3,150	$1.58	25d	1	0.89mi
727 W 10th St Dallas, TX	3.0	4.0	1994	$3,350	$1.68	44d	1	0.89mi
521 Melba St #101 Dallas, TX	3.0	3.5	2100	$3,800	$1.81	44d	1	0.91mi
632 Melba St Dallas, TX	3.0	2.5	1765	$2,900	$1.64	44d	1	0.94mi
2123 Ramsey Ave Dallas, TX	4.0	2.0	1727	$2,999	$1.74	25d	1	0.95mi
2123 Ramsey Ave Dallas, TX	4.0	2.0	1727	$2,999	$1.74	0d	1	0.95mi
505 W 8th St Dallas, TX	1.0–2.0	1.0–2.0	925	$3,079	$3.33	0d	26	0.96mi
2126 Ramsey Ave Dallas, TX	4.0	1.5	1416	$2,300	$1.62	44d	1	0.97mi
405 S Ewing Ave Unit 309 Dallas, TX	3.0	2.0	1343	$2,875	$2.14	25d	1	0.97mi
621 W 8th St Dallas, TX	4.0	2.5	2509	$3,950	$1.57	13d	1	1.01mi
1311 Nolte Dr Dallas, TX	3.0	2.0	1318	$1,950	$1.48	44d	1	1.02mi
627 Finley Ct Dallas, TX	3.0	3.0	2014	$3,450	$1.71	44d	1	1.05mi
111 W Davis St Dallas, TX	1.0–2.0	1.0–2.0	999	$2,961	$2.96	0d	30	1.06mi
1131 Forester Dr Dallas, TX	4.0	3.0	1866	$2,600	$1.39	44d	1	1.09mi
1131 Forester Dr Dallas, TX	4.0	3.0	1866	$2,450	$1.31	0d	1	1.09mi
635 Haines Ave Dallas, TX	2.0	2.5	1520	$2,300	$1.51	44d	1	1.10mi
734 W 7th St Dallas, TX	3.0	3.0	2008	$4,250	$2.12	44d	1	1.10mi
212 Stellariga Pl Dallas, TX	2.0	2.5	1342	$2,345	$1.75	44d	1	1.10mi
112 E Oscar Dr Dallas, TX	3.0	3.0	2012	$3,400	$1.69	12d	1	1.12mi
324 N Patton Ave Dallas, TX	3.0	2.5	2300	$3,499	$1.52	44d	1	1.12mi

Listing history 4 events

1. 2026-06-21
   days on market $415,000 Active 5 DOM
2. 2026-06-18
   days on market $415,000 Active 2 DOM
3. 2026-06-17
   remarks 632-char remark
4. 2026-06-17
   listed $415,000 Active 1 DOM

ⓘ 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: $7,226 · $602/mo
• Projected year-2 tax: $7,594 · $633/mo
• Expected delta: +$369/yr (+$31/mo · 5.1%)

ⓘ 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 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 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $54,552
• − Mortgage interest: −$23,246
• − Property taxes: −$7,226
• − Insurance: −$2,075
• − Repairs & maintenance: −$4,364
• − Management: −$4,364
• − Depreciation: −$12,073
• Taxable income: $1,204
• Est. tax owed @ 24.0%: −$289
• After-tax cash flow: $7,391/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): 29,367
• Household income: $81,950
• Rent vs Own: 45.8% rent · 54.2% own
• Severe rent burden: 1005.0

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 0.57)
• Race & ethnicity: Hispanic / Latino 55% White 34% Two or more races 21% Black 7% Native American 2% Asian 1%
• Hispanic origin (detail): Mexican 48%
• Common ancestry: Romanian 2% Italian 2% Slovak 2%
• Foreign-born: 22% · Canada
• Languages at home: 56% English-only · Spanish 42% Other Indo-European 1% French/Haitian/Cajun 1%

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: ▼ -410.06%
• Current HPI: 393.6928
• Rent YoY: ▼ -1.83%
• 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

-7.8% since first listed

5 events — show timeline

• 2026-06-16 Listed $415,000 NTREIS
• 2026-02-27 Listing Removed — NTREIS
• 2026-01-31 Price Changed $415,000 NTREIS
• 2025-08-27 Listed $450,000 NTREIS
• 2010-05-06 Sold (Public Records) — Public Records

Property tax history

+9.9%/yr

Latest (2025): $7,226 · -5.5% YoY. Source: county tax records.