1553 Harris Ct · Dallas, TX 75223

$200,000

1 bd · 1.0 ba · 572 sqft · SingleFamily public records · 106 Days on market

Built 1926 3,049 sqft lot $350/sqft · 111% above area Est $258k · 23% under ↓ 5% since listing

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Why this score? — see what drove the F 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 +5.8/30.0
• Livability +4.0/5.0
• Schools +2.8/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +0.6/10.0
• DSCR +0.2/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to 1553 Harris Ct, a beautiful Dallas residence that has undergone a total transformation. This move-in-ready home now features a spacious 4-bedroom, 2-bathroom layout, meticulously designed with modern finishes and quality craftsmanship throughout. This property offers the rare opportunity to own a fully updated home where every major detail has been addressed. From the structural essentials to the stylish interior details, 1553 Harris Ct is ready for you to call it home.

Key facts

• 3,049 sq ft lot
• Built 1926
• Listed 106 days

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath single-family listed at $200k.

Deal economics

• At list price, monthly cash flow is $-399 ($-5k/yr) — negative.
• To cash-flow at today's rent, offer at most $129k (35.3% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $112k (44.0% below list).
• Recommended offer: $112k (44.0% below list) — sets the bar for 1% rule.
• Cap rate 3.9% 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: Oran M Roberts El (math 14% / reading 21%, grade F, #3,805 of 4,322 statewide, top 89%, 349 students, 95% FRL); Billy Earl Dade Middle (math 18% / reading 23%, grade F, #1,407 of 1,662 statewide, top 86%, 636 students, 100% FRL); James Madison H S (math 17% / reading 17%, grade F, #1,491 of 1,632 statewide, top 92%, 359 students, 96% FRL).
• Zoned-school proficiency averages 18% at this address vs 34% district-wide (-15 pts) — the specific schools serving this property underperform the Dallas ISD average; the district grade overstates school quality for this exact location.
• Market conditions: 91 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 27d on market — plan ~3-4 weeks tenant-placement turnaround); 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 $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 106 days — a 9% lower offer ($182k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1926 — 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 $111,913 (44.0% 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 106 days. Have you received any prior offers? Is the seller open to a 44% concession, seller financing, or rate buy-down credit?
3. Built in 1926 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
8. 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.
9. 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.
10. 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: 0.56% ✗
• Cap rate: 3.90%
• Cash-on-cash: -8.56%
• DSCR: 0.62
• GRM: 14.9

CMA / ARV

• ARV (median comp): $258,231
• List price: $200,000
• Delta: -22.55%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4103 Jamaica St	0.62mi	1/1.0	576 (+1%)	0mo	$119,999	$208	70

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: -31.5%
• Equity multiple: -0.03×
• Total profit: $-57,883
• Equity at exit: $29,821

10-year hold

• IRR: -35.4%
• Equity multiple: -0.49×
• Total profit: $-83,328
• Equity at exit: $17,292

Cash invested: $56,000 (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 75223

• Home prices YoY: -24.6%
• Active inventory: 91
• Price-to-rent: 14.9×

Monthly cashflow live

• Estimated rent: $1,119 high
• Mortgage (P&I): −$1,049
• Tax from tax record: −$151 /mo · $1,815/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$235
• Net cashflow: $-399

Break-even live

Break-even rent $1,625

Max offer price $129,463

Occupancy floor —

Sensitivity live

Price	-10% $-286	-5% $-343	+0% $-399	+5% $-456	+10% $-513
Rent	-10% $-488	-5% $-443	+0% $-399	+5% $-355	+10% $-311
Rate	-1.0pp $-299	-0.5pp $-348	base $-399	+0.5pp $-451	+1.0pp $-504

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: $50,000
• Closing costs: $6,000
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2003 Gorman St Dallas, TX	1.0	1.0	540	$895	$1.66	45d	1	0.33mi
1315 S Barry Ave Dallas, TX	1.0–2.0	1.0	670	$935	$1.40	13d	5	0.36mi
4205 Metropolitan Ave Dallas, TX	2.0	1.0	625	$1,150	$1.84	45d	1	0.49mi
4228 Copeland St Unit A Dallas, TX	1.0	1.0	468	$750	$1.60	26d	1	0.89mi
2711 Cross St Dallas, TX	2.0	1.0	700	$1,249	$1.78	1d	1	0.90mi
3529 Herrling St Dallas, TX	2.0	1.0	632	$1,200	$1.90	13d	1	0.91mi
3432 Terrell St Dallas, TX	1.0	1.0	520	$850	$1.63	26d	1	0.92mi
4615 Willow St Dallas, TX	1.0	1.0	712	$974	$1.37	45d	1	0.98mi
4616 Eastside Ave Unit A Dallas, TX	2.0	1.0	731	$1,400	$1.92	45d	1	1.01mi
4021 Commerce St Dallas, TX	1.0	1.0	601	$1,001	$1.67	5d	1	1.03mi
801 Wayne St Dallas, TX	1.0	1.0	702	$995	$1.42	26d	1	1.04mi
3900 Commerce St Dallas, TX	3.0	1.0–2.0	1217	$2,608	$2.14	1d	10	1.09mi
5114 Columbia Ave Dallas, TX	1.0	1.0	650	$895	$1.38	8d	2	1.15mi
5114 Columbia Ave Dallas, TX	1.0	1.0	667	$1,010	$1.51	45d	1	1.15mi
4717 Columbia Ave Dallas, TX	1.0	1.0	700	$995	$1.42	45d	1	1.16mi
615 Parkview Ave Apt 3 Dallas, TX	1.0	1.0	467	$895	$1.92	26d	1	1.16mi
5303 Eastside Ave Unit D Dallas, TX	1.0	1.0	600	$2,850	$4.75	45d	1	1.17mi
5303 Eastside Ave Unit B Dallas, TX	1.0	1.0	600	$2,950	$4.92	45d	1	1.17mi
5303 E Side Ave Unit 1571775P Dallas, TX	1.0	1.0	645	$2,602	$4.03	1d	1	1.17mi
4722 Reiger Ave Dallas, TX	—	1.0	425	$695	$1.64	24d	1	1.20mi
4718 Reiger Ave Dallas, TX	2.0	1.0	617	$1,022	$1.66	26d	1	1.20mi
4718 Reiger Ave Dallas, TX	2.0	1.0	617	$1,022	$1.66	45d	2	1.20mi
4926 Reiger Ave Apt E Dallas, TX	1.0	1.0	573	$1,185	$2.07	23d	1	1.22mi
225 N Munger Blvd Dallas, TX	1.0	1.0	621	$950	$1.53	45d	3	1.23mi
2408 Meyers St Unit 204 Dallas, TX	2.0	1.0	700	$770	$1.10	16d	1	1.26mi
4915 Reiger Ave Unit F Dallas, TX	1.0	1.0	586	$950	$1.62	26d	1	1.26mi
5411 Columbia Ave Dallas, TX	1.0	1.0	684	$995	$1.45	8d	2	1.29mi
5411 Columbia Ave Dallas, TX	1.0	1.0	727	$1,048	$1.44	26d	2	1.29mi
5305 Reiger Ave Unit 1 Dallas, TX	1.0	1.0	625	$1,190	$1.90	26d	1	1.33mi
5305 Reiger Ave Unit 7 Dallas, TX	1.0	1.0	625	$1,190	$1.90	15d	1	1.33mi
5305 Reiger Ave #6 Dallas, TX	—	1.0	525	$985	$1.88	1d	1	1.33mi
5408 Reiger Ave Unit 303 Dallas, TX	2.0	1.0	667	$980	$1.47	19d	1	1.33mi
5317 Reiger Ave Unit 202 Dallas, TX	1.0	1.0	588	$1,399	$2.38	26d	1	1.34mi
3640 Elm St Unit 3640C Dallas, TX	1.0	1.0	607	$2,130	$3.51	1d	1	1.36mi
3401 Commerce St Unit 3443 Dallas, TX	1.0	1.0	618	$1,315	$2.13	0d	1	1.39mi
401 N Carroll Ave Dallas, TX	1.0	1.0	803	$2,369	$2.95	4d	5	1.39mi
4723 Tremont St Unit A Dallas, TX	2.0	1.0	550	$975	$1.77	45d	1	1.40mi
4902 Worth St Unit 1571922P Dallas, TX	—	1.0	441	$1,476	$3.35	1d	1	1.44mi
4916 Worth St Unit 1 Dallas, TX	1.0	1.0	650	$1,075	$1.65	19d	1	1.45mi
4916 Worth St Dallas, TX	1.0	1.0	650	$1,300	$2.00	45d	1	1.45mi

Listing history 9 events

1. 2026-05-14
   historical Active Option Contract 485-char remark

   Show marketing remark (485 chars)

   Welcome to 1553 Harris Ct, a beautiful Dallas residence that has undergone a total transformation. This move-in-ready home now features a spacious 4-bedroom, 2-bathroom layout, meticulously designed with modern finishes and quality craftsmanship throughout. This property offers the rare opportunity to own a fully updated home where every major detail has been addressed. From the structural essentials to the stylish interior details, 1553 Harris Ct is ready for you to call it home.

2. 2026-04-18
   price $200,000 485-char remark

   Show marketing remark (485 chars)

   Welcome to 1553 Harris Ct, a beautiful Dallas residence that has undergone a total transformation. This move-in-ready home now features a spacious 4-bedroom, 2-bathroom layout, meticulously designed with modern finishes and quality craftsmanship throughout. This property offers the rare opportunity to own a fully updated home where every major detail has been addressed. From the structural essentials to the stylish interior details, 1553 Harris Ct is ready for you to call it home.

3. 2026-04-18
   price $20,000 485-char remark

   Show marketing remark (485 chars)

   Welcome to 1553 Harris Ct, a beautiful Dallas residence that has undergone a total transformation. This move-in-ready home now features a spacious 4-bedroom, 2-bathroom layout, meticulously designed with modern finishes and quality craftsmanship throughout. This property offers the rare opportunity to own a fully updated home where every major detail has been addressed. From the structural essentials to the stylish interior details, 1553 Harris Ct is ready for you to call it home.

4. 2026-04-14
   price $204,999 485-char remark

   Show marketing remark (485 chars)

   Welcome to 1553 Harris Ct, a beautiful Dallas residence that has undergone a total transformation. This move-in-ready home now features a spacious 4-bedroom, 2-bathroom layout, meticulously designed with modern finishes and quality craftsmanship throughout. This property offers the rare opportunity to own a fully updated home where every major detail has been addressed. From the structural essentials to the stylish interior details, 1553 Harris Ct is ready for you to call it home.

5. 2026-03-12
   price $205,000 485-char remark

   Show marketing remark (485 chars)

   Welcome to 1553 Harris Ct, a beautiful Dallas residence that has undergone a total transformation. This move-in-ready home now features a spacious 4-bedroom, 2-bathroom layout, meticulously designed with modern finishes and quality craftsmanship throughout. This property offers the rare opportunity to own a fully updated home where every major detail has been addressed. From the structural essentials to the stylish interior details, 1553 Harris Ct is ready for you to call it home.

6. 2026-03-03
   price $209,500 485-char remark

   Show marketing remark (485 chars)

   Welcome to 1553 Harris Ct, a beautiful Dallas residence that has undergone a total transformation. This move-in-ready home now features a spacious 4-bedroom, 2-bathroom layout, meticulously designed with modern finishes and quality craftsmanship throughout. This property offers the rare opportunity to own a fully updated home where every major detail has been addressed. From the structural essentials to the stylish interior details, 1553 Harris Ct is ready for you to call it home.

7. 2026-02-05
   listed $210,000 Active 485-char remark

   Show marketing remark (485 chars)

   Welcome to 1553 Harris Ct, a beautiful Dallas residence that has undergone a total transformation. This move-in-ready home now features a spacious 4-bedroom, 2-bathroom layout, meticulously designed with modern finishes and quality craftsmanship throughout. This property offers the rare opportunity to own a fully updated home where every major detail has been addressed. From the structural essentials to the stylish interior details, 1553 Harris Ct is ready for you to call it home.

8. 2025-10-03
   soldstatus
9. 1999-06-17
   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: $1,815 · $151/mo
• Projected year-2 tax: $3,660 · $305/mo
• Expected delta: +$1,845/yr (+$154/mo · 101.7%)

ⓘ 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 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $13,430
• − Mortgage interest: −$11,203
• − Property taxes: −$1,815
• − Insurance: −$1,000
• − Repairs & maintenance: −$1,074
• − Management: −$1,074
• − Depreciation: −$5,818
• Taxable loss: −$8,555
• Est. tax savings @ 24.0%: +$2,053
• After-tax cash flow: $-2,738/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): 11,994
• Household income: $73,318
• Rent vs Own: 44.8% rent · 55.2% own
• Severe rent burden: 526.0

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 (66%)
• Race & ethnicity: Hispanic / Latino 66% Two or more races 19% White 18% Black 12% Asian 2%
• Hispanic origin (detail): Mexican 63% Dominican 1%
• Common ancestry: Lithuanian 1% Portuguese 1% Slovak 1%
• Foreign-born: 30% · Canada
• Languages at home: 40% English-only · Spanish 59% Other Indo-European 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: ▼ -121.38%
• Current HPI: 372.672
• Rent YoY: —
• 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

-4.8% since first listed

9 events — show timeline

• 2026-05-14 Contingent — NTREIS
• 2026-04-18 Price Changed $200,000 NTREIS
• 2026-04-18 Price Changed $20,000 NTREIS
• 2026-04-14 Price Changed $204,999 NTREIS
• 2026-03-12 Price Changed $205,000 NTREIS
• 2026-03-03 Price Changed $209,500 NTREIS
• 2026-02-05 Listed $210,000 NTREIS
• 2025-10-03 Sold (Public Records) — Public Records
• 1999-06-17 Sold (Public Records) — Public Records

Property tax history

+10.6%/yr

Latest (2025): $1,815 · -4.9% YoY. Source: county tax records.