3841 Canada Dr · Dallas, TX 75212

$719,000

4 bd · 3.5 ba · 2,732 sqft · Land · 33 Days on market

Built 2026 0.25 ac lot

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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).

• Appreciation +10.0/10.0
• ARV discount +7.5/15.0
• Livability +4.0/5.0
• Cash flow +3.9/30.0
• Condition / age +2.5/5.0
• Schools +1.9/10.0
• Rent growth +1.4/5.0
• 1% rule +0.0/10.0
• DSCR +0.0/10.0

Listing remarks MLS

LOCATION, LOCATION, LOCATION...!!! BUILD YOUR DREAM HOME ON THIS PRIME REAL ESTATE LOCATED AT 3841 CANADA DR.DALLAS,TEXAS!!! JUST MINUTES FROM LOVE FIELD AIRPORT,DOWNTOWN DALLAS,FINE DINING,HIGH END SHOPPING,TRINITY GROVE AND DFW AIRPORT....!!!! THIS MEASURES 55X198...BEAUTIFUL GREENBELT BEHIND YOU...NO NEIGHBORS IN THE REAR...!!! HURRY,HURRY,HURRY...!!! BUYER AND BUYER'S AGENT TO VERIFY ALL INFORMATION REPRESENTED AND PERFORM YOUR DUE DILIGENCE WITH THE CITY OF DALLAS REGARDING UTILITIES,ZONING ETC...DEEMED RELIABLE BUT NOT GUARANTEED.

Key facts

• Open concept kitchen
• Walk in pantry
• 0.25 acre lot

Tags

• SOLID CORE INTERIOR DOORS
• ELECTRIC LINEAR FIREPLACE
• OPEN CONCEPT KITCHEN
• WALK IN PANTRY
• DEDICATED BUTLER PANTRY
• ZLINE APPLIANCE PACKAGE

What this means for you Summary

Snapshot

• This is a 4-bed/3.5-bath land listed at $719k.

Deal economics

• At list price, monthly cash flow is $-2k ($-25k/yr) — negative.
• To cash-flow at today's rent, offer at most $356k (50.5% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $279k (61.2% below list).
• Recommended offer: $279k (61.2% below list) — sets the bar for 1% rule.
• Cap rate 2.9% vs local median 2.3% in Dallas — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

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.
• Irving ISD (urban): math 19% / reading 25% proficiency, ranked #751 of 826 in TX (top 91%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 72% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Schulze El (math 14% / reading 20%, grade F, #3,836 of 4,322 statewide, top 91%, 637 students, 92% FRL) — zoned schools average 92% FRL vs 72% district-wide (20 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents falling (-4.2%/yr); 249 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); 12,577 units permitted in Dallas County in 2024 (6,829 in 5+ unit buildings).
• At $2,789/mo this rent would consume 56% of the median local household income ($60k/yr) (locally 892% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• In year one you build about $77k of equity ($5k loan paydown + $72k appreciation (10.0% local appreciation)).
• Dallas County population projected at +35% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• By year 2, paydown + projected appreciation supports a ~$124k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 33 days — a 3% lower offer ($697k) is reasonable based on typical stale-listing flexibility.
• 4 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

• 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 $278,861 (61.2% 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 33 days. Have you received any prior offers? Is the seller open to a 61% concession, seller financing, or rate buy-down credit?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
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 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: 0.39% ✗
• Cap rate: 2.86%
• Cash-on-cash: -12.25%
• DSCR: 0.46
• GRM: 21.5

CMA / ARV

No comps found within radius.

Projected returns pro-forma

10.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: 15.3%
• Equity multiple: 2.25×
• Total profit: $252,167
• Equity at exit: $647,732

10-year hold

• IRR: 14.6%
• Equity multiple: 5.12×
• Total profit: $830,073
• Equity at exit: $1,396,859

Cash invested: $201,320 (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 75212

• Rents YoY: -4.2%
• Active inventory: 249
• Price-to-rent: 21.5×

Monthly cashflow live

• Estimated rent: $2,789 medium
• Mortgage (P&I): −$3,771
• Tax from tax record: −$187 /mo · $2,249/yr
• Insurance: −$300
• HOA: −$0
• Vacancy / Maint / Mgmt: −$586
• Net cashflow: $-2,054

Break-even live

Break-even rent $5,389

Max offer price $356,065

Occupancy floor —

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: $179,750
• Closing costs: $21,570
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4128 Mart St Dallas, TX	3.0	2.5	1754	$2,800	$1.60	24d	1	0.15mi
4124 Tram Dr Dallas, TX	5.0	2.5	2478	$8,250	$3.33	22d	1	0.29mi
4120 Tram Dr Unit 1019501P Dallas, TX	5.0	2.5	2475	$7,484	$3.02	43d	1	0.29mi
3618 McBroom St Dallas, TX	5.0	2.5	2449	$8,700	$3.55	1d	1	0.77mi
3421 Nomas St Dallas, TX	5.0	3.0	2375	$8,250	$3.47	22d	1	0.92mi
3232 Peyton Lila Rd Dallas, TX	4.0	2.5	2000	$2,495	$1.25	7d	1	1.24mi
4022 Cedar Elm Ln Dallas, TX	4.0	2.5	2860	$2,700	$0.94	24d	1	1.35mi

Listing history 18 events

1. 2026-03-21
   status Pending
2. 2026-03-11
   historical Active Option Contract
3. 2026-02-16
   listed $719,000 Active
4. 2025-01-27
   soldstatus
5. 2025-01-27
   soldstatus
6. 2025-01-23
   soldstatus Closed 547-char remark

   Show marketing remark (547 chars)

   LOCATION, LOCATION, LOCATION...!!! BUILD YOUR DREAM HOME ON THIS PRIME REAL ESTATE LOCATED AT 3841 CANADA DR.DALLAS,TEXAS!!! JUST MINUTES FROM LOVE FIELD AIRPORT,DOWNTOWN DALLAS,FINE DINING,HIGH END SHOPPING,TRINITY GROVE AND DFW AIRPORT....!!!! THIS MEASURES 55X198...BEAUTIFUL GREENBELT BEHIND YOU...NO NEIGHBORS IN THE REAR...!!! HURRY,HURRY,HURRY...!!! BUYER AND BUYER'S AGENT TO VERIFY ALL INFORMATION REPRESENTED AND PERFORM YOUR DUE DILIGENCE WITH THE CITY OF DALLAS REGARDING UTILITIES,ZONING ETC...DEEMED RELIABLE BUT NOT GUARANTEED.

7. 2024-12-23
   price $140,000 547-char remark

   Show marketing remark (547 chars)

   LOCATION, LOCATION, LOCATION...!!! BUILD YOUR DREAM HOME ON THIS PRIME REAL ESTATE LOCATED AT 3841 CANADA DR.DALLAS,TEXAS!!! JUST MINUTES FROM LOVE FIELD AIRPORT,DOWNTOWN DALLAS,FINE DINING,HIGH END SHOPPING,TRINITY GROVE AND DFW AIRPORT....!!!! THIS MEASURES 55X198...BEAUTIFUL GREENBELT BEHIND YOU...NO NEIGHBORS IN THE REAR...!!! HURRY,HURRY,HURRY...!!! BUYER AND BUYER'S AGENT TO VERIFY ALL INFORMATION REPRESENTED AND PERFORM YOUR DUE DILIGENCE WITH THE CITY OF DALLAS REGARDING UTILITIES,ZONING ETC...DEEMED RELIABLE BUT NOT GUARANTEED.

8. 2024-12-23
   status Pending 547-char remark

   Show marketing remark (547 chars)

   LOCATION, LOCATION, LOCATION...!!! BUILD YOUR DREAM HOME ON THIS PRIME REAL ESTATE LOCATED AT 3841 CANADA DR.DALLAS,TEXAS!!! JUST MINUTES FROM LOVE FIELD AIRPORT,DOWNTOWN DALLAS,FINE DINING,HIGH END SHOPPING,TRINITY GROVE AND DFW AIRPORT....!!!! THIS MEASURES 55X198...BEAUTIFUL GREENBELT BEHIND YOU...NO NEIGHBORS IN THE REAR...!!! HURRY,HURRY,HURRY...!!! BUYER AND BUYER'S AGENT TO VERIFY ALL INFORMATION REPRESENTED AND PERFORM YOUR DUE DILIGENCE WITH THE CITY OF DALLAS REGARDING UTILITIES,ZONING ETC...DEEMED RELIABLE BUT NOT GUARANTEED.

9. 2024-12-17
   listed $155,841 Active 547-char remark

   Show marketing remark (547 chars)

   LOCATION, LOCATION, LOCATION...!!! BUILD YOUR DREAM HOME ON THIS PRIME REAL ESTATE LOCATED AT 3841 CANADA DR.DALLAS,TEXAS!!! JUST MINUTES FROM LOVE FIELD AIRPORT,DOWNTOWN DALLAS,FINE DINING,HIGH END SHOPPING,TRINITY GROVE AND DFW AIRPORT....!!!! THIS MEASURES 55X198...BEAUTIFUL GREENBELT BEHIND YOU...NO NEIGHBORS IN THE REAR...!!! HURRY,HURRY,HURRY...!!! BUYER AND BUYER'S AGENT TO VERIFY ALL INFORMATION REPRESENTED AND PERFORM YOUR DUE DILIGENCE WITH THE CITY OF DALLAS REGARDING UTILITIES,ZONING ETC...DEEMED RELIABLE BUT NOT GUARANTEED.

10. 2024-12-04
    historical
11. 2024-08-22
    price $179,841
12. 2024-08-21
    status Active
13. 2024-04-09
    status Pending
14. 2024-04-03
    historical Active Option Contract
15. 2024-03-18
    price $145,623
16. 2024-01-12
    price $181,623
17. 2023-12-04
    listed $200,623 Active
18. 1992-07-08
    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: $2,249 · $187/mo
• Projected year-2 tax: $13,158 · $1,096/mo
• Expected delta: +$10,909/yr (+$909/mo · 485.1%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 3/10 Moderate FEMA zone X · 10% 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: $33,463
• − Mortgage interest: −$40,275
• − Property taxes: −$2,249
• − Insurance: −$3,595
• − Repairs & maintenance: −$2,677
• − Management: −$2,677
• − Depreciation: −$20,916
• Taxable loss: −$38,926
• Est. tax savings @ 24.0%: +$9,342
• After-tax cash flow: $-15,312/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: Irving ISD
• NCES district ID: 4824420
• Math proficiency: 19% ▼ -28.00%
• Reading proficiency: 25% ▼ -11.00%
• Median HH income: $44,870
• Composite: 19.06/100
• National rank: #8840
• State rank: #751 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): 28,259
• Household income: $59,750
• Rent vs Own: 43.6% rent · 56.4% own
• Severe rent burden: 892.0

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 (67%)
• Race & ethnicity: Hispanic / Latino 67% Two or more races 26% Black 23% White 6% Asian 2%
• Hispanic origin (detail): Mexican 55%
• Common ancestry: Slovak 1%
• Foreign-born: 27% · Canada, Vietnam, Jamaica
• Languages at home: 42% English-only · Spanish 52% Vietnamese 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: ▲ 138.69%
• Current HPI: 477.2035
• Rent YoY: ▼ -4.21%
• 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

+258.4% since first listed

18 events — show timeline

• 2026-03-21 Pending — NTREIS
• 2026-03-11 Contingent — NTREIS
• 2026-02-16 Listed $719,000 NTREIS
• 2025-01-27 Sold (Public Records) — Public Records
• 2025-01-27 Sold (Public Records) — Public Records
• 2025-01-23 Sold (MLS) — NTREIS
• 2024-12-23 Price Changed $140,000 NTREIS
• 2024-12-23 Pending — NTREIS
• 2024-12-17 Listed $155,841 NTREIS
• 2024-12-04 Listing Removed — NTREIS
• 2024-08-22 Price Changed $179,841 NTREIS
• 2024-08-21 Relisted — NTREIS
• 2024-04-09 Pending — NTREIS
• 2024-04-03 Contingent — NTREIS
• 2024-03-18 Price Changed $145,623 NTREIS
• 2024-01-12 Price Changed $181,623 NTREIS
• 2023-12-04 Listed $200,623 NTREIS
• 1992-07-08 Sold (Public Records) — Public Records

Property tax history

+4.6%/yr

Latest (2025): $2,249 · -0.2% YoY. Source: county tax records.