2300 Bamboo Dr Unit N306 · Arlington, TX 76006

$83,900

1 bd · 1.0 ba · 486 sqft · Condo public records · 121 Days on market

Built 1983 $173/sqft · 20% below area Est $105k · 20% under $242/mo HOA · 24% of rent

---

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 +15.0/15.0
• Cash flow +7.8/30.0
• 1% rule +7.0/10.0
• Livability +3.9/5.0
• Schools +2.5/10.0
• Condition / age +2.5/5.0
• Rent growth +2.0/5.0
• DSCR +1.9/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Looking for low-maintenance living in the heart of DFW? This upper-level one-bedroom condo offers a smart, efficient layout and unbeatable convenience. Ideally located near Highway 360, you’ll enjoy quick access to DFW Airport, Arlington’s Entertainment District, Dallas, Fort Worth, and endless dining and shopping options. Inside, the space is thoughtfully designed with a bright living area with an open, airy feel. The kitchen overlooks the living room with a breakfast bar for casual dining and conversation. The private bedroom includes a closet and direct access to the full bath, making the three-room layout both simple and functional. Step outside to your own patio—perfect for morning coffee or unwinding in the evening. A designated parking space is located just steps from the unit for added convenience. The community offers fantastic amenities including pools, tennis courts, and a fitness center. HOA dues cover water, sewer, and pest control, making ownership easy and predictable. Whether you’re a first-time buyer, downsizing, or looking for an investment opportunity, this condo delivers location, simplicity, and value all in one. Washer and dryer convey with the property.

Key facts

• $242 HOA
• Pool
• Built 1983

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $84k.

Deal economics

• At list price, monthly cash flow is $-93 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $67k (19.7% below list).
• Meets the 1% rule at list price ($1k rent vs $84k).
• Recommended offer: $67k (19.7% below list) — sets the bar for cash-flow.
• Cap rate 5.0% vs local median 3.6% in Arlington — 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 78/100 on livability (#75 in TX, #2,697 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, cost of living A+, housing A+; Watch: crime F, commute F.
• Arlington ISD (urban): math 24% / reading 34% proficiency, ranked #629 of 826 in TX (top 76%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Ellis El (math 15% / reading 22%, grade F, #3,759 of 4,322 statewide, top 88%, 757 students, 84% FRL); Nichols J H (math 20% / reading 37%, grade F, #1,122 of 1,662 statewide, top 69%, 692 students, 83% FRL); Lamar H S (math 23% / reading 38%, grade F, #1,085 of 1,632 statewide, top 67%, 2,546 students, 76% FRL) — zoned schools average 81% FRL vs 60% district-wide (21 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents soft (-2.0%/yr); 90 active listings in the ZIP; 18,938 units permitted in Tarrant County in 2024 (8,336 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $580 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Tarrant County population projected at +41% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 121 days — a 12% lower offer ($74k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $26k; list at $84k implies a 226% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: HOA is 24% of rent.
• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $67,386 (19.7% 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 121 days. Have you received any prior offers? Is the seller open to a 20% concession, seller financing, or rate buy-down credit?
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. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
8. 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?
9. 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?
10. 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.
11. 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.
12. 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: 1.20% ✓
• Cap rate: 4.96%
• Cash-on-cash: -4.78%
• DSCR: 0.79
• GRM: 7.0

CMA / ARV

• ARV (median comp): $104,591
• List price: $83,900
• Delta: -19.78%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: -29.7%
• Equity multiple: 0.05×
• Total profit: $-22,287
• Equity at exit: $12,510

10-year hold

• IRR: -67.1%
• Equity multiple: -0.60×
• Total profit: $-37,612
• Equity at exit: $7,254

Cash invested: $23,492 (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 76006

• Home prices YoY: -32.5%
• Rents YoY: -2.0%
• Active inventory: 90
• Price-to-rent: 7.0×

Monthly cashflow live

• Estimated rent: $1,003 medium
• Mortgage (P&I): −$440
• Tax from tax record: −$169 /mo · $2,032/yr
• Insurance: −$35
• HOA: −$242
• Vacancy / Maint / Mgmt: −$211
• Net cashflow: $-93

Break-even live

Break-even rent $1,122

Max offer price $67,386

Occupancy floor —

Sensitivity live

Price	-10% $-46	-5% $-70	+0% $-93	+5% $-117	+10% $-141
Rent	-10% $-173	-5% $-133	+0% $-93	+5% $-54	+10% $-14
Rate	-1.0pp $-51	-0.5pp $-72	base $-93	+0.5pp $-115	+1.0pp $-137

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: $20,975
• Closing costs: $2,517
• Reserves months: —
• Total cash needed: —

HOA detail condo

• Monthly dues: $242 · $2,904/yr
• Likely covers: watersewerpoolgym
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 22 events

1. 2026-06-21
   statusdays on market $83,900 Pending 121 DOM
2. 2026-06-18
   days on market $83,900 Active 120 DOM
3. 2026-06-17
   days on market $83,900 Active 119 DOM
4. 2026-06-16
   days on market $83,900 Active 118 DOM
5. 2026-06-15
   days on market $83,900 Active 117 DOM
6. 2026-06-13
   days on market $83,900 Active 115 DOM
7. 2026-06-09
   days on market $83,900 Active 111 DOM
8. 2026-06-08
   days on market $83,900 Active 110 DOM
9. 2026-06-07
   days on market $83,900 Active 109 DOM
10. 2026-06-04
    statusdays on market $83,900 Active 106 DOM
11. 2026-06-03
    days on market $83,900 Active Option Contract 105 DOM
12. 2026-06-02
    days on market $83,900 Active Option Contract 104 DOM
13. 2026-06-01
    days on market $83,900 Active Option Contract 103 DOM
14. 2026-06-01
    status $83,900 Active Option Contract 102 DOM
15. 2026-05-31
    days on market $83,900 Active 102 DOM
16. 2026-05-15
    price $83,900 1219-char remark

    Show marketing remark (1219 chars)

    Looking for low-maintenance living in the heart of DFW? This upper-level one-bedroom condo offers a smart, efficient layout and unbeatable convenience. Ideally located near Highway 360, you’ll enjoy quick access to DFW Airport, Arlington’s Entertainment District, Dallas, Fort Worth, and endless dining and shopping options. Inside, the space is thoughtfully designed with a bright living area with an open, airy feel. The kitchen overlooks the living room with a breakfast bar for casual dining and conversation. The private bedroom includes a closet and direct access to the full bath, making the three-room layout both simple and functional. Step outside to your own patio—perfect for morning coffee or unwinding in the evening. A designated parking space is located just steps from the unit for added convenience. The community offers fantastic amenities including pools, tennis courts, and a fitness center. HOA dues cover water, sewer, and pest control, making ownership easy and predictable. Whether you’re a first-time buyer, downsizing, or looking for an investment opportunity, this condo delivers location, simplicity, and value all in one. Washer and dryer convey with the property.

17. 2026-03-26
    price $89,500 1219-char remark

    Show marketing remark (1219 chars)

    Looking for low-maintenance living in the heart of DFW? This upper-level one-bedroom condo offers a smart, efficient layout and unbeatable convenience. Ideally located near Highway 360, you’ll enjoy quick access to DFW Airport, Arlington’s Entertainment District, Dallas, Fort Worth, and endless dining and shopping options. Inside, the space is thoughtfully designed with a bright living area with an open, airy feel. The kitchen overlooks the living room with a breakfast bar for casual dining and conversation. The private bedroom includes a closet and direct access to the full bath, making the three-room layout both simple and functional. Step outside to your own patio—perfect for morning coffee or unwinding in the evening. A designated parking space is located just steps from the unit for added convenience. The community offers fantastic amenities including pools, tennis courts, and a fitness center. HOA dues cover water, sewer, and pest control, making ownership easy and predictable. Whether you’re a first-time buyer, downsizing, or looking for an investment opportunity, this condo delivers location, simplicity, and value all in one. Washer and dryer convey with the property.

18. 2026-02-15
    listed $95,000 Active 1219-char remark

    Show marketing remark (1219 chars)

    Looking for low-maintenance living in the heart of DFW? This upper-level one-bedroom condo offers a smart, efficient layout and unbeatable convenience. Ideally located near Highway 360, you’ll enjoy quick access to DFW Airport, Arlington’s Entertainment District, Dallas, Fort Worth, and endless dining and shopping options. Inside, the space is thoughtfully designed with a bright living area with an open, airy feel. The kitchen overlooks the living room with a breakfast bar for casual dining and conversation. The private bedroom includes a closet and direct access to the full bath, making the three-room layout both simple and functional. Step outside to your own patio—perfect for morning coffee or unwinding in the evening. A designated parking space is located just steps from the unit for added convenience. The community offers fantastic amenities including pools, tennis courts, and a fitness center. HOA dues cover water, sewer, and pest control, making ownership easy and predictable. Whether you’re a first-time buyer, downsizing, or looking for an investment opportunity, this condo delivers location, simplicity, and value all in one. Washer and dryer convey with the property.

19. 2017-01-27
    soldstatus
20. 2001-06-08
    soldstatus
21. 1994-12-30
    soldstatus $25,708
22. 1990-10-26
    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: $2,032 · $169/mo
• Projected year-2 tax: $2,032 · $169/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 3/10 Moderate
• 🌡 Heat 7/10 Severe 7 d/yr ≥109°F today · 22 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: $12,042
• − Mortgage interest: −$4,700
• − Property taxes: −$2,032
• − Insurance: −$420
• − Repairs & maintenance: −$963
• − Management: −$963
• − HOA: −$2,904
• − Depreciation: −$2,441
• Taxable loss: −$2,380
• Est. tax savings @ 24.0%: +$571
• After-tax cash flow: $-550/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: Arlington ISD
• NCES district ID: 4808700
• Math proficiency: 24% ▼ -21.00%
• Reading proficiency: 34% ▼ -8.00%
• Median HH income: $50,873
• Composite: 25.42/100
• National rank: #7458
• State rank: #629 of 826 in TX

Livability — Arlington

• Score: 78/100
• State rank: #75
• US rank: #2697

Category grades

Amenities A+ Commute F Cost of living A+ Crime F Employment C+ Housing A+ Health & safety A User ratings A

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Arlington, TX
• County: Tarrant County · 2,033,669 people
• City population: 366,588
• Metro: Dallas-Fort Worth-Arlington, TX
• Population (ZIP): 23,446
• Household income: $59,139
• Rent vs Own: 75.2% rent · 24.8% own
• Severe rent burden: 2211.0

Population outlook (Tarrant County) Hauer SSP2

• Today (2025): 2,380,417 people
• By 2030: 2,578,900 · +8.3%
• By 2040: 2,974,995 · +25.0%
• By 2050: 3,350,489 · +40.8%
• By 2075: 4,216,909 · +77.2%
• By 2100: 4,741,527 · +99.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Highly diverse neighborhood (Simpson 0.71)
• Race & ethnicity: Black 37% White 28% Hispanic / Latino 25% Two or more races 15% Asian 6%
• Hispanic origin (detail): Mexican 20% Puerto Rican 1%
• Common ancestry: Italian 1% Slovak 1% Romanian 1%
• Foreign-born: 20% · Canada, Vietnam, China
• Languages at home: 69% English-only · Spanish 21% Other Indo-European 3% Vietnamese 1%

Political lean MEDSL · Tarrant

• 2024 margin: Lean R (+5.1) · D 46.7% · R 51.9% · Other 1.4%
• 2008→2024 swing: +6.6pp toward D · 2008: -11.7pp · 2024: -5.1pp
• All cycles: 2024: R+5.1 2020: D+0.2 2016: R+8.7 2012: R+15.7 2008: R+11.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -114.85%
• Current HPI: 238.5174
• Rent YoY: ▼ -1.99%
• 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

+226.4% since first listed

7 events — show timeline

• 2026-05-15 Price Changed $83,900 NTREIS
• 2026-03-26 Price Changed $89,500 NTREIS
• 2026-02-15 Listed $95,000 NTREIS
• 2017-01-27 Sold (Public Records) — Public Records
• 2001-06-08 Sold (Public Records) — Public Records
• 1994-12-30 Sold (Public Records) $25,708 Public Records
• 1990-10-26 Sold (Public Records) — Public Records

Property tax history

+6.2%/yr

Latest (2025): $2,032 · -9.1% YoY. Source: county tax records.