3624 Parkridge Dr #214 · Dallas, TX 75234

$95,000

1 bd · 1.0 ba · 661 sqft · Condo public records · 4 Days on market

Built 1982 $144/sqft · 12% below area Est $108k · 12% under $326/mo HOA · 25% of rent

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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).

• ARV discount +13.1/15.0
• Cash flow +12.0/30.0
• 1% rule +9.0/10.0
• Livability +4.0/5.0
• DSCR +3.6/10.0
• Schools +2.8/10.0
• Condition / age +2.5/5.0
• Rent growth +2.2/5.0
• Appreciation +0.0/10.0

Listing remarks

It’s tough to find something this updated at this price in DFW. Freshly renovated 1 bed, 1 bath condo featuring quartz countertops throughout, wood-look vinyl flooring, and a modern tiled shower. Super convenient location near Forest & Marsh—close to everything you need.

Key facts

• Quartz countertops
• Convenient location
• Modern tiled shower

Tags

• QUARTZ COUNTERTOPS
• WOOD-LOOK VINYL FLOORING
• MODERN TILED SHOWER
• CONVENIENT LOCATION

Property features AI

Finance

• Other: Lot is designated Condo/Townhome lot; complex may subdivide; Directions: From 635 go south on Marsh Ln. Complex is on the right. Park in space 258
• Financial info: Listing for sale
• HOA & community: Mandatory association; Monthly association fee of $326; Association fees include water and sewer; HOA management: Class A (phone: [phone])

Exterior

• Parking: Assigned parking
• Security: Not specified
• Utilities: City water; City sewer; Concrete and curbs
• Home design: Condominium (residential); One story; Preowned (built in 1982); Complex: The Burgundy
• Construction: Brick construction; Built in 1982
• Exterior features: Community pool; No fencing

Interior

• Kitchen: Dishwasher; Disposal; Electric range
• Bedrooms: One bedroom (Primary bedroom on upper/second level)
• Flooring: Not specified
• Bathrooms: One full bathroom
• Heating & cooling: Central heating (electric); Central air conditioning (electric)
• Interior features: One-level layout; Two total rooms (living area and bedroom); Living and dining areas
• Laundry & utility: No specific laundry details provided

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $95k.

Deal economics

• At list price, monthly cash flow is $-22 ($-266/yr) — negative.
• To cash-flow at today's rent, offer at most $91k (4.1% below list).
• Meets the 1% rule at list price ($1k rent vs $95k).
• Recommended offer: $91k (4.1% below list) — sets the bar for cash-flow.
• Cap rate 6.0% 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 (-1.3%/yr); 163 active listings in the ZIP; 8 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% 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 $657 of loan paydown is wiped out by about $3k 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 4 days on market — expect competitive offers; lowballing is unlikely to land.
• 7 sale attempts since 3y 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

• Watch-outs: property tax is 2.6% of price; HOA is 25% of rent.
• 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 $91,082 (4.1% 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. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
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 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: 1.40% ✓
• Cap rate: 6.01%
• Cash-on-cash: -1.00%
• DSCR: 0.96
• GRM: 6.0

CMA / ARV

• ARV (median comp): $108,379
• List price: $95,000
• Delta: 1.50%
• Verdict: FAIR
• Comps: 4 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -23.4%
• Equity multiple: 0.23×
• Total profit: $-20,427
• Equity at exit: $14,165

10-year hold

• IRR: -43.8%
• Equity multiple: -0.26×
• Total profit: $-33,541
• Equity at exit: $8,214

Cash invested: $26,600 (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 75234

• Rents YoY: -1.3%
• Active inventory: 163
• Price-to-rent: 6.0×

Monthly cashflow live

• Estimated rent: $1,329 high
• Mortgage (P&I): −$498
• Tax from tax record: −$209 /mo · $2,502/yr
• Insurance: −$40
• HOA: −$326
• Vacancy / Maint / Mgmt: −$279
• Net cashflow: $-22

Break-even live

Break-even rent $1,357

Max offer price $91,082

Occupancy floor 97%

Sensitivity live

Price	-10% $32	-5% $5	+0% $-22	+5% $-49	+10% $-76
Rent	-10% $-127	-5% $-75	+0% $-22	+5% $30	+10% $83
Rate	-1.0pp $26	-0.5pp $2	base $-22	+0.5pp $-47	+1.0pp $-72

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: $23,750
• Closing costs: $2,850
• Reserves months: —
• Total cash needed: —

Rent comps 8 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3737 High Vista Dr Dallas, TX	1.0–3.0	1.0–2.0	990	$1,235	$1.25	0d	11	0.22mi
3022 Forest Ln Dallas, TX	1.0–2.0	1.0	696	$1,175	$1.69	45d	2	1.06mi
4030 Valley View Ln Dallas, TX	1.0–2.0	1.0–2.0	851	$990	$1.16	21d	6	1.08mi
4040 Valley View Ln Farmers Branch, TX	3.0	1.0–2.0	1102	$2,335	$2.12	0d	65	1.20mi
12806 Midway Rd #2024 Dallas, TX	1.0	1.5	732	$1,400	$1.91	45d	1	1.41mi
12818 Midway Rd Dallas, TX	1.0	1.0	625	$1,050	$1.68	45d	1	1.46mi
4020 McEwen Rd Dallas, TX	1.0	1.0–1.5	825	$1,988	$2.41	2d	12	1.47mi
3795 Brookhaven Club Dr Farmers Branch, TX	1.0	1.0	648	$1,199	$1.85	45d	1	1.50mi

HOA detail condo

• Monthly dues: $326 · $3,912/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 29 events

1. 2026-06-21
   days on market $95,000 Active 4 DOM
2. 2026-06-18
   remarks 273-char remark
3. 2026-06-18
   pricedays on marketlisting id $95,000 Active 1 DOM
4. 2026-06-17
   days on market $110,000 Active 83 DOM
5. 2026-06-16
   days on market $110,000 Active 82 DOM
6. 2026-06-15
   days on market $110,000 Active 81 DOM
7. 2026-06-13
   days on market $110,000 Active 79 DOM
8. 2026-06-09
   days on market $110,000 Active 75 DOM
9. 2026-06-08
   days on market $110,000 Active 74 DOM
10. 2026-06-07
    days on market $110,000 Active 73 DOM
11. 2026-06-04
    days on market $110,000 Active 70 DOM
12. 2026-06-03
    days on market $110,000 Active 69 DOM
13. 2026-06-02
    days on market $110,000 Active 68 DOM
14. 2026-06-01
    days on market $110,000 Active 67 DOM
15. 2026-05-31
    days on market $110,000 Active 66 DOM
16. 2026-03-26
    listed $110,000 Active 281-char remark
17. 2026-02-22
    historical
18. 2025-12-03
    listed $120,000 Active
19. 2025-10-30
    listed $1,225
20. 2024-04-25
    historical $1,180
21. 2024-04-25
    historical
22. 2024-03-28
    listed $1,180
23. 2024-03-17
    historical $1,180
24. 2024-02-21
    listed $150,000 Active
25. 2023-09-27
    listed $1,180
26. 2012-11-16
    soldstatus
27. 2007-09-05
    soldstatus
28. 2001-10-16
    soldstatus
29. 1994-08-11
    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: $2,502 · $209/mo
• Projected year-2 tax: $2,502 · $209/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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 · 23 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,951
• − Mortgage interest: −$5,321
• − Property taxes: −$2,502
• − Insurance: −$475
• − Repairs & maintenance: −$1,276
• − Management: −$1,276
• − HOA: −$3,912
• − Depreciation: −$2,764
• Taxable loss: −$1,575
• Est. tax savings @ 24.0%: +$378
• After-tax cash flow: $112/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): 32,961
• Household income: $86,733
• Rent vs Own: 48.6% rent · 51.4% own
• Severe rent burden: 1021.0

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 0.64)
• Race & ethnicity: Hispanic / Latino 49% White 32% Two or more races 11% Asian 11% Black 6%
• Hispanic origin (detail): Mexican 36% Cuban 2%
• Common ancestry: Lithuanian 2% Slovak 1% Italian 1%
• Foreign-born: 32% · Canada, Vietnam, Jamaica
• Languages at home: 48% English-only · Spanish 42% Other Asian/Pacific 3% Other Indo-European 3%

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: ▼ -325.83%
• Current HPI: 326.1548
• Rent YoY: ▼ -1.27%
• 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

+7950.8% since first listed

17 events — show timeline

• 2026-06-17 Listed $95,000 NTREIS
• 2026-05-29 Rental Removed $1,225 NTREIS
• 2026-05-15 Listing Removed — NTREIS
• 2026-03-26 Listed $110,000 NTREIS
• 2026-02-22 Listing Removed — NTREIS
• 2025-12-03 Listed $120,000 NTREIS
• 2025-10-30 Listed for Rent $1,225 NTREIS
• 2024-04-25 Rental Removed $1,180 NTREIS
• 2024-04-25 Listing Removed — NTREIS
• 2024-03-28 Listed for Rent $1,180 NTREIS
• 2024-03-17 Rental Removed $1,180 NTREIS
• 2024-02-21 Listed $150,000 NTREIS
• 2023-09-27 Listed for Rent $1,180 NTREIS
• 2012-11-16 Sold (Public Records) — Public Records
• 2007-09-05 Sold (Public Records) — Public Records
• 2001-10-16 Sold (Public Records) — Public Records
• 1994-08-11 Sold (Public Records) — Public Records

Property tax history

+9.6%/yr

Latest (2025): $2,502 · -5.9% YoY. Source: county tax records.