3040 June Dr · Dallas, TX 75211

$250,000

4 bd · 2.0 ba · 1,410 sqft · SingleFamily public records · 23 Days on market

Built 1951 9,017 sqft lot Est $302k · 17% under

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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 +15.0/15.0
• Cash flow +13.7/30.0
• DSCR +4.2/10.0
• Livability +4.0/5.0
• 1% rule +3.9/10.0
• Schools +2.8/10.0
• Condition / age +2.5/5.0
• Rent growth +1.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Located in an area of Dallas experiencing steady revitalization, this property presents a fantastic opportunity for first-time Buyrs, investors, or anyone looking to add value through cosmetic updates. Priced below market and tax value, this home offers solid potential with room to grow and make it your own. Central HVAC and fully functional, the home can reach full potential with easy cosmetic improvements. The affordable price point and improving neighborhood make this a very attractive investment. Whether you're searching for a starter home, rental property, or renovation project, this home offers the chance to build equity quickly and capitalize on the area's steady growth.

Key facts

• 9,017 sq ft lot
• Built 1951
• Listed 23 days

Property features AI

Finance

• Other: Total living area approximately 1,410
• Financial info: List price is $250,000
• HOA & community: HOA/community details not specified

Exterior

• Parking: Has garage
• Security: Security details not specified
• Utilities: Utility details not specified
• Home design: Single Family Residential; Built in 1951
• Construction: Construction details not specified; Roof/foundation details not specified
• Exterior features: Yard on a 9,017 sq ft lot

Interior

• Kitchen: Standard kitchen (appliances not specified)
• Bedrooms: 3 bedrooms
• Flooring: Flooring details not specified
• Bathrooms: 2 bathrooms
• Heating & cooling: Heating and cooling details not specified
• Interior features: Single-family layout
• Laundry & utility: Laundry/utility details not specified

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $250k.

Deal economics

• At list price, monthly cash flow is $20 ($244/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $221k (11.5% below list).
• Recommended offer: $221k (11.5% below list) — sets the bar for 1% rule.
• Cap rate 6.4% 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 falling (-3.9%/yr); 161 active listings in the ZIP; 28 comparable units currently listed for rent nearby; rentals at typical pace (median 24d 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 $2,213/mo this rent would consume 47% of the median local household income ($57k/yr) (locally 2585% 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 $2k of loan paydown is wiped out by about $8k 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 23 days — a 2% lower offer ($246k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1951 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $221,266 (11.5% below list)

Questions for the listing agent

1. Built in 1951 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
5. 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.
6. 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.
7. 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: 0.89% ✗
• Cap rate: 6.39%
• Cash-on-cash: 0.35%
• DSCR: 1.02
• GRM: 9.4

CMA / ARV

• ARV (on-the-fly): $301,740
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3202 Texas Dr	0.16mi	3/1.0 (-1)	1,387 (-2%)	10mo	$280,000	$202	72
2835 Bentley Ave	0.45mi	4/1.0	1,400 (-1%)	8mo	$240,000	$171	67
2553 Clearview Cir	0.62mi	4/2.0	1,388 (-2%)	8mo	$332,900	$240	62
3719 Dutton Dr	0.65mi	3/2.0 (-1)	1,395 (-1%)	4mo	$299,900	$215	60
3039 Dutton Dr	0.23mi	3/2.0 (-1)	1,280 (-9%)	12mo	$312,000	$244	59
3031 Sharon St	0.52mi	3/2.0 (-1)	1,448 (+3%)	14mo	$315,200	$218	55
3350 Glenhaven Blvd	0.56mi	3/2.0 (-1)	1,300 (-8%)	6mo	$260,000	$200	51
3037 Grafton Ave	0.58mi	3/2.0 (-1)	1,312 (-7%)	10mo	$256,000	$195	48
2541 W Illinois Ave	0.59mi	3/1.5 (-1)	1,260 (-11%)	7mo	$270,000	$214	42
3815 Poinsettia Dr	0.71mi	3/2.0 (-1)	1,256 (-11%)	4mo	$279,900	$223	40
3731 Poinsettia Dr	0.66mi	3/2.0 (-1)	1,569 (+11%)	13mo	$291,305	$186	35
3218 Emmett St	0.70mi	3/2.0 (-1)	1,198 (-15%)	5mo	$220,000	$184	34

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: -19.2%
• Equity multiple: 0.35×
• Total profit: $-45,668
• Equity at exit: $37,276

10-year hold

• IRR: -19.6%
• Equity multiple: 0.10×
• Total profit: $-63,026
• Equity at exit: $21,615

Cash invested: $70,000 (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 75211

• Rents YoY: -3.9%
• Active inventory: 161
• Price-to-rent: 9.4×

Monthly cashflow live

• Estimated rent: $2,213 high
• Mortgage (P&I): −$1,311
• Tax est. 1.5%: −$312 /mo · $3,750/yr
• Insurance: −$104
• HOA: −$0
• Vacancy / Maint / Mgmt: −$465
• Net cashflow: $20

Break-even live

Break-even rent $2,187

Max offer price $250,000

Occupancy floor 94%

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: $62,500
• Closing costs: $7,500
• Reserves months: —
• Total cash needed: —

Rent comps 28 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2736 Rolinda Dr Dallas, TX	3.0	2.0	1250	$2,150	$1.72	6d	1	0.33mi
2607 Clearview Cir Dallas, TX	3.0	1.5	1486	$1,950	$1.31	7d	1	0.55mi
2925 Spruce Valley Ln Unit 403 Dallas, TX	3.0	2.0	1477	$2,500	$1.69	20d	1	0.72mi
3228 Emmett St Dallas, TX	3.0	1.0	1000	$2,000	$2.00	5d	1	0.73mi
2715 Grafton Ave Dallas, TX	3.0	2.0	1403	$2,650	$1.89	43d	1	0.75mi
2122 Riviera Dr Dallas, TX	3.0	2.0	1568	$2,350	$1.50	4d	1	0.88mi
4002 Falls Dr Dallas, TX	3.0	2.0	1078	$2,000	$1.86	6d	1	0.88mi
2102 Elmwood Blvd Dallas, TX	3.0	2.0	1588	$2,000	$1.26	24d	1	1.04mi
1918 Melbourne Ave Dallas, TX	3.0	2.0	1076	$2,200	$2.04	43d	1	1.11mi
3310 Brooklyndell Ave Dallas, TX	3.0	2.0	1400	$2,300	$1.64	43d	1	1.16mi
2859 W Brooklyn Ave Dallas, TX	3.0	2.0	1430	$2,950	$2.06	43d	1	1.21mi
1819 Barlow Ave Dallas, TX	4.0	2.0	1408	$2,195	$1.56	24d	1	1.23mi
3217 Cedarcroft Ln Dallas, TX	3.0	3.0	1558	$2,200	$1.41	43d	1	1.24mi
3564 Virginia Blvd Dallas, TX	3.0	2.0	1327	$2,150	$1.62	24d	1	1.26mi
3564 Virginia Blvd Dallas, TX	3.0	2.0	1327	$2,000	$1.51	7d	1	1.26mi
1215 S Oak Cliff Blvd Dallas, TX	3.0	2.0	1260	$2,050	$1.63	43d	1	1.27mi
3240 Springwood Ln Dallas, TX	3.0	2.0	1840	$2,099	$1.14	17d	1	1.27mi
1718 Berkley Ave Dallas, TX	3.0	2.0	1114	$2,275	$2.04	43d	1	1.29mi
2730 Gladstone Dr Dallas, TX	3.0	2.0	1466	$2,000	$1.36	4d	1	1.29mi
3202 Noor St Dallas, TX	4.0	2.0	1535	$2,400	$1.56	7d	1	1.30mi
3202 Noor St Dallas, TX	4.0	2.0	1535	$2,400	$1.56	5d	1	1.30mi
4427 Las Haciendas Dr Dallas, TX	3.0	2.0	1533	$2,100	$1.37	43d	1	1.33mi
3235 Noor St Dallas, TX	4.0	2.0	1535	$2,400	$1.56	43d	1	1.35mi
3235 Noor St Dallas, TX	4.0	2.0	1535	$2,400	$1.56	20d	1	1.35mi
3243 Noor St Dallas, TX	4.0	2.0	1535	$2,400	$1.56	7d	1	1.35mi
4520 Wyoming St Dallas, TX	3.0	1.0	1250	$1,750	$1.40	24d	1	1.42mi
1607 McAdams Ave Dallas, TX	3.0	1.0	984	$1,695	$1.72	7d	1	1.48mi
1415 Mountain Lake Rd Dallas, TX	3.0	2.0	1190	$2,200	$1.85	43d	1	1.50mi

Listing history 13 events

1. 2026-06-18
   days on market $250,000 Active 23 DOM
2. 2026-06-17
   days on market $250,000 Active 22 DOM
3. 2026-06-16
   days on market $250,000 Active 21 DOM
4. 2026-06-15
   days on market $250,000 Active 20 DOM
5. 2026-06-13
   days on market $250,000 Active 18 DOM
6. 2026-06-09
   days on market $250,000 Active 14 DOM
7. 2026-06-08
   days on market $250,000 Active 13 DOM
8. 2026-06-07
   days on market $250,000 Active 12 DOM
9. 2026-06-04
   days on market $250,000 Active 9 DOM
10. 2026-06-03
    days on market $250,000 Active 8 DOM
11. 2026-06-02
    days on market $250,000 Active 7 DOM
12. 2026-06-01
    days on market $250,000 Active 6 DOM
13. 2026-05-31
    days on market $250,000 Active 5 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Taxation est. · year 1

• Rental income: $26,552
• − Mortgage interest: −$14,004
• − Property taxes: −$3,750
• − Insurance: −$1,250
• − Repairs & maintenance: −$2,124
• − Management: −$2,124
• − Depreciation: −$7,273
• Taxable loss: −$3,973
• Est. tax savings @ 24.0%: +$954
• After-tax cash flow: $1,197/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): 73,534
• Household income: $56,807
• Rent vs Own: 47.4% rent · 52.6% own
• Severe rent burden: 2585.0

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 (79%)
• Race & ethnicity: Hispanic / Latino 79% Two or more races 24% White 10% Black 9% Native American 2%
• Hispanic origin (detail): Mexican 69%
• Foreign-born: 32% · Canada
• Languages at home: 32% English-only · Spanish 67%

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: ▼ -233.57%
• Current HPI: 343.4166
• Rent YoY: ▼ -3.89%
• 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