1532 Madrid St · Dallas, TX 75216

$130,000

3 bd · 1.0 ba · 1,268 sqft · SingleFamily public records · 40 Days on market

Built 1949 8,276 sqft lot Est $243k · 47% under ↓ 31% since listing

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Why this score? — see what drove the B+ 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).

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

Listing remarks

This three-bedroom, one-bath residence is an excellent opportunity for an investor or a first-time homebuyer ready to put in some effort. As a blank canvas requiring some TLC, this property allows you to bring your vision to the space and personalize it to your liking. The home features a great backyard with plenty of shade, offering a great foundation to add value. Please note that this property sale requires court confirmation. Multiple offers received. Best and Final due by 5:00 PM Central Time April 20, 2026

Key facts

• 8,276 sq ft lot
• Garage
• Built 1949

Property features AI

Finance

• Other: Property listed as Active and for sale; Possession at closing/funding
• Financial info: Listing is offered for cash; Special listing condition: Probate listing
• HOA & community: No association (no HOA)

Exterior

• Parking: Covered parking; Attached garage with 1 garage space; 1 covered space
• Security: No surveillance devices reported
• Utilities: City water; City sewer; Not in a municipal utility district
• Home design: Single-family residence; Residential property; One story; Preowned (built in 1949)
• Construction: Brick construction; Built in 1949
• Exterior features: Lot in Cedar Crest Village 01 subdivision; Lot dimensions approximately 60 x 135; Less than 0.5 acre lot

Interior

• Kitchen: Electric range
• Bedrooms: 3 bedrooms (all on the main level); Primary bedroom includes shower with body sprays
• Flooring: Not specified
• Bathrooms: 1 full bathroom
• Heating & cooling: Electric heating; Electric cooling
• Interior features: One-level layout; Den with fireplace; Total of 4 rooms; No designated dining area
• Laundry & utility: No specific laundry appliances listed

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $130k.

Deal economics

• At list price, monthly cash flow is $515 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $130k).
• Recommended offer: $126k (3.0% below list) — sets the bar for market timing.
• Cap rate 11.0% 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: 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: Cedar Crest El (math 52% / reading 37%, grade F, #1,155 of 4,322 statewide, top 29%, 321 students, 100% FRL) — zoned schools average 100% FRL vs 83% district-wide (16 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising fast (+4.2%/yr); 249 active listings in the ZIP; 38 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 45% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 12,577 units permitted in Dallas County in 2024 (6,829 in 5+ unit buildings).
• At $2,028/mo this rent would consume 59% of the median local household income ($41k/yr) (locally 2465% 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 $899 of loan paydown is wiped out by about $4k 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.
• At projected returns (-3.0% appreciation + 4.2% rent growth), your $36k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 40 days — a 3% lower offer ($126k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts; this cycle's ask has dropped $59k (31%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: property tax is 3.2% of price; built in 1949 — 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 $126,100 (3.0% below list)

Questions for the listing agent

1. It's been on market 40 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1949 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
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: 1.56% ✓
• Cap rate: 11.05%
• Cash-on-cash: 16.99%
• DSCR: 1.76
• GRM: 5.3

CMA / ARV

• ARV (on-the-fly): $243,456
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1532 Madrid St	0.00mi	3/1.0	1,268 (0%)	1mo	$130,000	$103	100
2663 Crest Ave	0.15mi	4/2.0 (+1)	1,236 (-2%)	4mo	$249,000	$201	76
1543 E Illinois Ave	0.30mi	3/1.0	1,205 (-5%)	4mo	$125,000	$104	74
2660 Kellogg Ave	0.44mi	3/2.0	1,261 (-1%)	6mo	$249,800	$198	69
2815 S Denley Dr	0.34mi	2/1.0 (-1)	1,221 (-4%)	5mo	$150,000	$123	69
2734 Kellogg Ave	0.50mi	3/2.0	1,252 (-1%)	4mo	$240,000	$192	67
2017 Village Way	0.56mi	3/2.0	1,312 (+4%)	2mo	$270,000	$206	62
2026 Skylark Dr	0.69mi	3/2.0	1,300 (+2%)	7mo	$270,000	$208	54
3110 Utah Ave	0.75mi	3/2.0	1,220 (-4%)	3mo	$229,900	$188	53
3119 S Denley Dr	0.53mi	3/2.0	1,136 (-10%)	4mo	$260,000	$229	51
1441 Oakley Ave	0.63mi	3/2.0	1,428 (+13%)	5mo	$220,000	$154	41
2126 Idaho Ave	0.70mi	3/2.0	1,442 (+14%)	7mo	$229,000	$159	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 · 4.2% rent growth · sell at horizon

5-year hold

• IRR: 9.8%
• Equity multiple: 1.39×
• Total profit: $14,373
• Equity at exit: $19,383

10-year hold

• IRR: 20.1%
• Equity multiple: 2.81×
• Total profit: $65,783
• Equity at exit: $11,240

Cash invested: $36,400 (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 75216

• Home prices YoY: -29.7%
• Rents YoY: 4.2%
• Active inventory: 249
• Price-to-rent: 5.3×

Monthly cashflow live

• Estimated rent: $2,028 high
• Mortgage (P&I): −$682
• Tax from tax record: −$351 /mo · $4,212/yr
• Insurance: −$54
• HOA: −$0
• Vacancy / Maint / Mgmt: −$426
• Net cashflow: $515

Break-even live

Break-even rent $1,376

Max offer price $130,000

Occupancy floor 70%

Sensitivity live

Price	-10% $589	-5% $552	+0% $515	+5% $478	+10% $442
Rent	-10% $355	-5% $435	+0% $515	+5% $595	+10% $675
Rate	-1.0pp $581	-0.5pp $548	base $515	+0.5pp $482	+1.0pp $447

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: $32,500
• Closing costs: $3,900
• Reserves months: —
• Total cash needed: —

Rent comps 38 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2701 Easter Ave Dallas, TX	3.0	2.0	1632	$2,200	$1.35	5d	1	0.26mi
2611 Fernwood Ave Dallas, TX	3.0	2.0	1528	$2,000	$1.31	25d	1	0.40mi
1717 Hemphill Dr Dallas, TX	3.0	1.0	1222	$1,695	$1.39	25d	1	0.43mi
2723 Kellogg Ave Dallas, TX	3.0	2.0	1255	$1,700	$1.35	8d	1	0.47mi
2423 Maryland Ave Dallas, TX	2.0	2.0	1102	$2,350	$2.13	44d	1	0.69mi
2628 S Marsalis Ave Dallas, TX	4.0	2.0	1656	$2,120	$1.28	0d	1	0.72mi
3206 Kellogg Ave Dallas, TX	3.0	1.5	1076	$1,800	$1.67	44d	1	0.72mi
2406 S Marsalis Ave Dallas, TX	2.0	1.0	956	$1,700	$1.78	44d	1	0.74mi
2023 E Illinois Ave Dallas, TX	2.0	1.5	1304	$1,695	$1.30	22d	1	0.77mi
2844 S Marsalis Ave Dallas, TX	3.0	3.5	1788	$2,300	$1.29	44d	1	0.77mi
2842 S Marsalis Ave Dallas, TX	3.0	3.5	1788	$2,300	$1.29	44d	1	0.78mi
1510 Maywood Ave Dallas, TX	4.0	2.5	1869	$2,220	$1.19	44d	1	0.78mi
2538 Stovall Dr Dallas, TX	3.0	1.0	986	$1,625	$1.65	6d	1	0.82mi
2826 Alaska Ave Dallas, TX	3.0	2.0	1190	$1,790	$1.50	0d	1	0.84mi
3320 Mundy Dr Dallas, TX	3.0	2.0	1010	$1,695	$1.68	44d	1	0.88mi
1618 Marfa Ave Dallas, TX	3.0	2.0	1100	$1,900	$1.73	44d	1	0.96mi
2118 Berwick Ave Dallas, TX	3.0	2.0	1286	$2,188	$1.70	8d	1	1.02mi
2819 Alabama Ave Dallas, TX	3.0	2.0	1218	$1,925	$1.58	44d	1	1.06mi
1334 Marfa Ave Dallas, TX	3.0	2.0	1100	$1,475	$1.34	44d	1	1.11mi
3930 S Denley Dr Dallas, TX	3.0	2.0	1135	$1,900	$1.67	8d	1	1.11mi
2126 Ramsey Ave Dallas, TX	4.0	1.5	1416	$2,300	$1.62	44d	1	1.14mi
2634 Seevers Ave Dallas, TX	3.0	2.0	1000	$1,800	$1.80	25d	1	1.14mi
1835 Norfolk Ave Dallas, TX	3.0	2.0	1666	$2,200	$1.32	25d	1	1.15mi
1835 Norfolk Ave Dallas, TX	3.0	2.0	1666	$2,200	$1.32	44d	1	1.15mi
2123 Ramsey Ave Dallas, TX	4.0	2.0	1727	$2,999	$1.74	25d	1	1.17mi
715 Dover St Dallas, TX	3.0	2.0	1180	$1,895	$1.61	0d	1	1.19mi
1825 Dudley Ave Dallas, TX	4.0	2.0	1228	$2,400	$1.95	2d	1	1.23mi
1810 Ramsey Ave Dallas, TX	3.0	2.0	1546	$2,350	$1.52	44d	1	1.26mi
3608 S Marsalis Ave Dallas, TX	2.0	1.0	907	$1,400	$1.54	44d	1	1.29mi
1131 Forester Dr Dallas, TX	4.0	3.0	1866	$2,450	$1.31	0d	1	1.32mi
1131 Forester Dr Dallas, TX	4.0	3.0	1866	$2,600	$1.39	44d	1	1.32mi
2526 Exeter Ave Dallas, TX	3.0	2.0	1520	$1,800	$1.18	11d	1	1.32mi
1715 Ramsey Ave Dallas, TX	2.0	1.0	1092	$1,750	$1.60	25d	1	1.33mi
1018 E Waco Ave Dallas, TX	3.0	1.0	1112	$1,395	$1.25	45d	1	1.38mi
1406 Galloway Ave Dallas, TX	4.0	2.0	1506	$1,975	$1.31	44d	1	1.39mi
1427 Diceman Ave Dallas, TX	3.0	2.0	890	$1,600	$1.80	25d	1	1.41mi
1310 Michigan Ave Dallas, TX	3.0	2.0	972	$1,900	$1.95	25d	1	1.43mi
948 S Corinth Street Rd Unit 6 Dallas, TX	2.0	2.0	1013	$1,625	$1.60	14d	1	1.48mi

Listing history 10 events

1. 2026-04-22
   status Pending
2. 2026-04-10
   price $130,000
3. 2026-04-10
   status Active
4. 2026-02-24
   status Pending
5. 2026-02-21
   price $140,000
6. 2026-02-21
   status Active
7. 2026-02-13
   status Pending
8. 2026-02-05
   price $163,000
9. 2026-02-04
   price $163,000
10. 2026-01-21
    listed $189,000 Active

ⓘ 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: $4,212 · $351/mo
• Projected year-2 tax: $4,212 · $351/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 · 24 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $24,335
• − Mortgage interest: −$7,282
• − Property taxes: −$4,212
• − Insurance: −$650
• − Repairs & maintenance: −$1,947
• − Management: −$1,947
• − Depreciation: −$3,782
• Taxable income: $4,516
• Est. tax owed @ 24.0%: −$1,084
• After-tax cash flow: $5,099/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): 55,894
• Household income: $41,386
• Rent vs Own: 44.2% rent · 55.8% own
• Severe rent burden: 2465.0

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: Majority Black (51%)
• Race & ethnicity: Black 51% Hispanic / Latino 44% Two or more races 14% White 3%
• Hispanic origin (detail): Mexican 40%
• Common ancestry: Hispanic 1%
• Foreign-born: 17% · Canada
• Languages at home: 62% English-only · Spanish 37%

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: ▼ -126.35%
• Current HPI: 299.1825
• Rent YoY: ▲ 4.20%
• 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

-31.2% since first listed

10 events — show timeline

• 2026-04-22 Pending — NTREIS
• 2026-04-10 Price Changed $130,000 NTREIS
• 2026-04-10 Relisted — NTREIS
• 2026-02-24 Pending — NTREIS
• 2026-02-21 Price Changed $140,000 NTREIS
• 2026-02-21 Relisted — NTREIS
• 2026-02-13 Pending — NTREIS
• 2026-02-05 Price Changed $163,000 NTREIS
• 2026-02-04 Price Changed $163,000 FSBO.com
• 2026-01-21 Listed $189,000 NTREIS

Property tax history

+7.8%/yr

Latest (2025): $4,212 · -0.4% YoY. Source: county tax records.