7908 Royal Ln Unit 122 B · Dallas, TX 75230

$135,000

2 bd · 2.0 ba · 1,110 sqft · Condo · 163 Days on market

Built 1974 Good condition $122/sqft · 24% below area Est $178k · 24% under $520/mo HOA · 29% of rent ↓ 34% since listing

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Why this score? — see what drove the C- 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 +12.4/30.0
• 1% rule +8.4/10.0
• Livability +4.0/5.0
• Condition / age +3.8/5.0
• DSCR +3.7/10.0
• Rent growth +3.2/5.0
• Schools +2.8/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Timeless Value Meets Effortless Living. Discover one of Dallas’s best-kept secrets—where lasting quality, unbeatable convenience, and all-inclusive living come together. This established community has stood the test of time, known for its solid construction, lush grounds and worry-free lifestyle. Here, your HOA covers ALL UTILITIES, so you can enjoy truly predictable expenses—no surprise bills just simple stress-free living. Perfectly positioned near Texas Health Presbyterian Hospital, the Northaven Trail, and the new pedestrian bridge, moments from NorthPark Center, The Shops at Park Lane, and the city’s favorite restaurants and cafés. This coveted first-floor location offers easy access from your reserved parking space—no stairs, no hassle, just walk in and exhale. Inside, sunlight pours through oversized windows, illuminating an inviting open layout that feels bright and welcoming. The updated kitchen features sleek stainless-steel appliances and generous cabinetry—perfect for whipping up weeknight meals or weekend brunches with friends. Two spacious bedrooms each feature a private ensuite bath, ideal for hosting guests or carving out your own creative home office. With no carpet anywhere, it’s clean, modern, and easy to maintain. The primary retreat includes granite countertops, a walk-in shower, and fantastic closet space that keeps everything effortlessly organized. Outside, enjoy resort-style amenities without ever leaving home—a sparkling pool, shaded gazebo, BBQ grill and vibrant landscaping create the perfect backdrop for relaxed afternoons or evening gatherings under the stars. This is more than a condo—it’s a smart lifestyle choice for anyone who values comfort, location and lasting value. With all bills paid, a proven community reputation and proximity to SMU and Central Dallas, this is one of the best bargains in town for refined low-maintenance living.

Key facts

• Solid construction
• Lush grounds
• Updated kitchen

Tags

• SOLID CONSTRUCTION
• LUSH GROUNDS
• FIRST-FLOOR LOCATION
• OVERSIZED WINDOWS
• UPDATED KITCHEN
• STAINLESS-STEEL APPLIANCES

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $135k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $-21 ($-252/yr) — negative.
• To cash-flow at today's rent, offer at most $132k (2.3% below list).
• Meets the 1% rule at list price ($2k rent vs $135k).
• Recommended offer: $119k (12.0% below list) — sets the bar for market timing.
• Cap rate 6.1% 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 rising (+2.6%/yr); 288 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals leasing fast (median 12d on market — plan ~1-2 weeks tenant-placement turnaround); high-income renter base; 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 $933 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.

Negotiation context

• It's been on market 163 days — a 12% lower offer ($119k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts; this cycle's ask has dropped $32k (19%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: HOA is 29% 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 $118,800 (12.0% 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 163 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
3. Built in 1974 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
5. 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?
6. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
7. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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. 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.
10. 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.
11. 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: 1.34% ✓
• Cap rate: 6.11%
• Cash-on-cash: -0.67%
• DSCR: 0.97
• GRM: 6.2

CMA / ARV

• ARV (median comp): $178,182
• List price: $135,000
• Delta: -24.23%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 2.6% rent growth · sell at horizon

5-year hold

• IRR: -17.8%
• Equity multiple: 0.38×
• Total profit: $-23,595
• Equity at exit: $20,129

10-year hold

• IRR: -10.5%
• Equity multiple: 0.37×
• Total profit: $-23,818
• Equity at exit: $11,672

Cash invested: $37,800 (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 75230

• Rents YoY: 2.6%
• Active inventory: 288
• Price-to-rent: 6.2×

Monthly cashflow live

• Estimated rent: $1,813 high
• Mortgage (P&I): −$708
• Tax est. 1.5%: −$169 /mo · $2,025/yr
• Insurance: −$56
• HOA: −$520
• Vacancy / Maint / Mgmt: −$381
• Net cashflow: $-21

Break-even live

Break-even rent $1,839

Max offer price $131,958

Occupancy floor 96%

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: $33,750
• Closing costs: $4,050
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7918 Royal Ln #212 Dallas, TX	2.0	2.0	1110	$1,800	$1.62	13d	1	0.03mi
10951 Stone Canyon Rd Dallas, TX	1.0–2.0	1.0–2.0	678	$1,350	$1.99	3d	18	0.06mi
7929 Royal Ln #121 Dallas, TX	2.0	2.0	992	$1,750	$1.76	11d	1	0.07mi
7935 Royal Ln #217 Dallas, TX	2.0	2.0	1100	$1,750	$1.59	3d	1	0.08mi
7937 Royal Ln #223 Dallas, TX	2.0	2.0	965	$1,750	$1.81	11d	1	0.08mi
7931 Royal Ln #215 Dallas, TX	2.0	2.0	1100	$1,750	$1.59	11d	1	0.09mi
7812 Royal Ln Unit 210 Dallas, TX	3.0	2.0	1383	$2,100	$1.52	7d	1	0.11mi
11108 Valleydale Dr Dallas, TX	2.0	2.0	1111	$2,500	$2.25	43d	1	0.19mi
11108 Valleydale Dr Unit B Dallas, TX	2.0	2.0	1111	$1,850	$1.67	44d	1	0.19mi
10843 N Central Expy Dallas, TX	2.0	1.0–2.0	694	$1,615	$2.33	1d	53	0.20mi
10830 Stone Canyon Rd Dallas, TX	1.0–2.0	1.0–2.0	815	$1,595	$1.96	1d	44	0.30mi
10824 Stone Canyon Rd Dallas, TX	2.0	2.0	935	$1,580	$1.69	43d	1	0.33mi
8169 Midtown Blvd Dallas, TX	2.0	1.0–2.0	924	$2,120	$2.29	1d	42	0.33mi
10650 Steppington Dr Dallas, TX	1.0–2.0	1.0–2.0	983	$1,950	$1.98	43d	2	0.33mi
10650 Steppington Dr Dallas, TX	1.0–2.0	1.0–2.0	983	$1,950	$1.98	24d	2	0.33mi
11316 Park Central Pl Unit C Dallas, TX	2.0	2.0	1137	$1,750	$1.54	4d	1	0.35mi
10651 Steppington Dr Dallas, TX	2.0	1.0–2.0	735	$1,505	$2.05	1d	36	0.35mi
10640 Steppington Dr Dallas, TX	1.0–2.0	1.0–2.0	724	$1,295	$1.79	1d	28	0.38mi
10702 Stone Canyon Rd Dallas, TX	1.0–2.0	1.0–2.0	933	$1,590	$1.70	3d	10	0.41mi
8196 Manderville Ln Dallas, TX	2.0	2.0	1055	$2,297	$2.18	24d	1	0.45mi
10602 Stone Canyon Rd Dallas, TX	1.0–2.0	1.0–2.0	724	$1,520	$2.10	2d	20	0.46mi
10501 Steppington Dr Dallas, TX	1.0	1.0	626	$1,158	$1.85	19d	15	0.49mi
10658 N Central Expy Dallas, TX	2.0	1.0–2.0	929	$3,227	$3.47	16d	90	0.50mi
10658 N Central Expy Dallas, TX	2.0	1.0–2.0	929	$3,053	$3.29	1d	82	0.50mi
8122 Midtown Blvd Unit 1335743P Dallas, TX	1.0	1.0	753	$2,996	$3.98	2d	1	0.51mi
10588 Stone Canyon Rd Dallas, TX	2.0	1.0–2.0	783	$1,614	$2.06	1d	45	0.52mi
10590 Stone Canyon Rd Dallas, TX	2.0	2.0	1111	$1,560	$1.40	24d	1	0.52mi
7879 Riverfall Dr Dallas, TX	1.0–2.0	1.0–2.0	678	$1,444	$2.13	4d	32	0.53mi
10550 N Central Expy Dallas, TX	2.0	1.0–2.0	885	$2,150	$2.43	1d	12	0.56mi
10570 Stone Canyon Rd Unit 354 Dallas, TX	1.0	1.0	820	$1,122	$1.37	43d	1	0.57mi
10570 Stone Canyon Rd Dallas, TX	1.0–2.0	1.0–2.0	646	$1,464	$2.27	1d	24	0.57mi
10594 High Hollows Dr #290 Dallas, TX	2.0	1.0	851	$1,495	$1.76	24d	1	0.57mi
7520 Highmont St #29 Dallas, TX	2.0	2.0	1210	$2,000	$1.65	20d	1	0.59mi
8107 Manderville Ln Dallas, TX	2.0	1.0–2.5	889	$2,341	$2.63	1d	22	0.60mi
10566 High Hollows Dr #254 Dallas, TX	2.0	2.0	1187	$1,800	$1.52	18d	1	0.67mi
8095 Meadow Rd #236 Dallas, TX	2.0	2.0	1197	$1,650	$1.38	43d	1	0.68mi
8083 Meadow Rd Unit 1233189P Dallas, TX	2.0	2.0	1044	$4,235	$4.06	6d	1	0.68mi
8175 Meadow Rd Dallas, TX	2.0	1.0–2.0	620	$1,400	$2.26	43d	1	0.68mi
10438 High Hollows Dr #245 Dallas, TX	2.0	2.0	1208	$1,700	$1.41	7d	1	0.71mi
8071 Meadow Rd #218 Dallas, TX	3.0	2.0	1197	$1,490	$1.24	43d	1	0.71mi

HOA detail condo

• Monthly dues: $520 · $6,240/yr
• Likely covers: landscapingpool
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 26 events

1. 2026-06-18
   days on market $135,000 Active 163 DOM
2. 2026-06-17
   days on market $135,000 Active 162 DOM
3. 2026-06-16
   days on market $135,000 Active 161 DOM
4. 2026-06-15
   days on market $135,000 Active 160 DOM
5. 2026-06-13
   days on market $135,000 Active 158 DOM
6. 2026-06-09
   days on market $135,000 Active 154 DOM
7. 2026-06-08
   days on market $135,000 Active 153 DOM
8. 2026-06-07
   days on market $135,000 Active 152 DOM
9. 2026-06-04
   days on market $135,000 Active 149 DOM
10. 2026-06-03
    days on market $135,000 Active 148 DOM
11. 2026-06-02
    days on market $135,000 Active 147 DOM
12. 2026-06-02
    days on market $135,000 Active 146 DOM
13. 2026-05-31
    days on market $135,000 Active 145 DOM
14. 2026-04-29
    price $140,000 1966-char remark

    Show marketing remark (1966 chars)

    Timeless Value Meets Effortless Living. Discover one of Dallas’s best-kept secrets—where lasting quality, unbeatable convenience, and all-inclusive living come together. This established community has stood the test of time, known for its solid construction, lush grounds and worry-free lifestyle. Here, your HOA covers ALL UTILITIES, so you can enjoy truly predictable expenses—no surprise bills just simple stress-free living. Perfectly positioned near Texas Health Presbyterian Hospital, the Northaven Trail, and the new pedestrian bridge, moments from NorthPark Center, The Shops at Park Lane, and the city’s favorite restaurants and cafés. This coveted first-floor location offers easy access from your reserved parking space—no stairs, no hassle, just walk in and exhale. Inside, sunlight pours through oversized windows, illuminating an inviting open layout that feels bright and welcoming. The updated kitchen features sleek stainless-steel appliances and generous cabinetry—perfect for whipping up weeknight meals or weekend brunches with friends. Two spacious bedrooms each feature a private ensuite bath, ideal for hosting guests or carving out your own creative home office. With no carpet anywhere, it’s clean, modern, and easy to maintain. The primary retreat includes granite countertops, a walk-in shower, and fantastic closet space that keeps everything effortlessly organized. Outside, enjoy resort-style amenities without ever leaving home—a sparkling pool, shaded gazebo, BBQ grill and vibrant landscaping create the perfect backdrop for relaxed afternoons or evening gatherings under the stars. This is more than a condo—it’s a smart lifestyle choice for anyone who values comfort, location and lasting value. With all bills paid, a proven community reputation and proximity to SMU and Central Dallas, this is one of the best bargains in town for refined low-maintenance living.

15. 2026-04-17
    status Active 1966-char remark

    Show marketing remark (1966 chars)

    Timeless Value Meets Effortless Living. Discover one of Dallas’s best-kept secrets—where lasting quality, unbeatable convenience, and all-inclusive living come together. This established community has stood the test of time, known for its solid construction, lush grounds and worry-free lifestyle. Here, your HOA covers ALL UTILITIES, so you can enjoy truly predictable expenses—no surprise bills just simple stress-free living. Perfectly positioned near Texas Health Presbyterian Hospital, the Northaven Trail, and the new pedestrian bridge, moments from NorthPark Center, The Shops at Park Lane, and the city’s favorite restaurants and cafés. This coveted first-floor location offers easy access from your reserved parking space—no stairs, no hassle, just walk in and exhale. Inside, sunlight pours through oversized windows, illuminating an inviting open layout that feels bright and welcoming. The updated kitchen features sleek stainless-steel appliances and generous cabinetry—perfect for whipping up weeknight meals or weekend brunches with friends. Two spacious bedrooms each feature a private ensuite bath, ideal for hosting guests or carving out your own creative home office. With no carpet anywhere, it’s clean, modern, and easy to maintain. The primary retreat includes granite countertops, a walk-in shower, and fantastic closet space that keeps everything effortlessly organized. Outside, enjoy resort-style amenities without ever leaving home—a sparkling pool, shaded gazebo, BBQ grill and vibrant landscaping create the perfect backdrop for relaxed afternoons or evening gatherings under the stars. This is more than a condo—it’s a smart lifestyle choice for anyone who values comfort, location and lasting value. With all bills paid, a proven community reputation and proximity to SMU and Central Dallas, this is one of the best bargains in town for refined low-maintenance living.

16. 2026-04-12
    historical Active Option Contract 1966-char remark

    Show marketing remark (1966 chars)

    Timeless Value Meets Effortless Living. Discover one of Dallas’s best-kept secrets—where lasting quality, unbeatable convenience, and all-inclusive living come together. This established community has stood the test of time, known for its solid construction, lush grounds and worry-free lifestyle. Here, your HOA covers ALL UTILITIES, so you can enjoy truly predictable expenses—no surprise bills just simple stress-free living. Perfectly positioned near Texas Health Presbyterian Hospital, the Northaven Trail, and the new pedestrian bridge, moments from NorthPark Center, The Shops at Park Lane, and the city’s favorite restaurants and cafés. This coveted first-floor location offers easy access from your reserved parking space—no stairs, no hassle, just walk in and exhale. Inside, sunlight pours through oversized windows, illuminating an inviting open layout that feels bright and welcoming. The updated kitchen features sleek stainless-steel appliances and generous cabinetry—perfect for whipping up weeknight meals or weekend brunches with friends. Two spacious bedrooms each feature a private ensuite bath, ideal for hosting guests or carving out your own creative home office. With no carpet anywhere, it’s clean, modern, and easy to maintain. The primary retreat includes granite countertops, a walk-in shower, and fantastic closet space that keeps everything effortlessly organized. Outside, enjoy resort-style amenities without ever leaving home—a sparkling pool, shaded gazebo, BBQ grill and vibrant landscaping create the perfect backdrop for relaxed afternoons or evening gatherings under the stars. This is more than a condo—it’s a smart lifestyle choice for anyone who values comfort, location and lasting value. With all bills paid, a proven community reputation and proximity to SMU and Central Dallas, this is one of the best bargains in town for refined low-maintenance living.

17. 2026-03-31
    price $148,000 1966-char remark

    Show marketing remark (1966 chars)

    Timeless Value Meets Effortless Living. Discover one of Dallas’s best-kept secrets—where lasting quality, unbeatable convenience, and all-inclusive living come together. This established community has stood the test of time, known for its solid construction, lush grounds and worry-free lifestyle. Here, your HOA covers ALL UTILITIES, so you can enjoy truly predictable expenses—no surprise bills just simple stress-free living. Perfectly positioned near Texas Health Presbyterian Hospital, the Northaven Trail, and the new pedestrian bridge, moments from NorthPark Center, The Shops at Park Lane, and the city’s favorite restaurants and cafés. This coveted first-floor location offers easy access from your reserved parking space—no stairs, no hassle, just walk in and exhale. Inside, sunlight pours through oversized windows, illuminating an inviting open layout that feels bright and welcoming. The updated kitchen features sleek stainless-steel appliances and generous cabinetry—perfect for whipping up weeknight meals or weekend brunches with friends. Two spacious bedrooms each feature a private ensuite bath, ideal for hosting guests or carving out your own creative home office. With no carpet anywhere, it’s clean, modern, and easy to maintain. The primary retreat includes granite countertops, a walk-in shower, and fantastic closet space that keeps everything effortlessly organized. Outside, enjoy resort-style amenities without ever leaving home—a sparkling pool, shaded gazebo, BBQ grill and vibrant landscaping create the perfect backdrop for relaxed afternoons or evening gatherings under the stars. This is more than a condo—it’s a smart lifestyle choice for anyone who values comfort, location and lasting value. With all bills paid, a proven community reputation and proximity to SMU and Central Dallas, this is one of the best bargains in town for refined low-maintenance living.

18. 2026-02-07
    price $155,000 1966-char remark

    Show marketing remark (1966 chars)

    Timeless Value Meets Effortless Living. Discover one of Dallas’s best-kept secrets—where lasting quality, unbeatable convenience, and all-inclusive living come together. This established community has stood the test of time, known for its solid construction, lush grounds and worry-free lifestyle. Here, your HOA covers ALL UTILITIES, so you can enjoy truly predictable expenses—no surprise bills just simple stress-free living. Perfectly positioned near Texas Health Presbyterian Hospital, the Northaven Trail, and the new pedestrian bridge, moments from NorthPark Center, The Shops at Park Lane, and the city’s favorite restaurants and cafés. This coveted first-floor location offers easy access from your reserved parking space—no stairs, no hassle, just walk in and exhale. Inside, sunlight pours through oversized windows, illuminating an inviting open layout that feels bright and welcoming. The updated kitchen features sleek stainless-steel appliances and generous cabinetry—perfect for whipping up weeknight meals or weekend brunches with friends. Two spacious bedrooms each feature a private ensuite bath, ideal for hosting guests or carving out your own creative home office. With no carpet anywhere, it’s clean, modern, and easy to maintain. The primary retreat includes granite countertops, a walk-in shower, and fantastic closet space that keeps everything effortlessly organized. Outside, enjoy resort-style amenities without ever leaving home—a sparkling pool, shaded gazebo, BBQ grill and vibrant landscaping create the perfect backdrop for relaxed afternoons or evening gatherings under the stars. This is more than a condo—it’s a smart lifestyle choice for anyone who values comfort, location and lasting value. With all bills paid, a proven community reputation and proximity to SMU and Central Dallas, this is one of the best bargains in town for refined low-maintenance living.

19. 2026-01-06
    listed $167,500 Active 1966-char remark

    Show marketing remark (1966 chars)

    Timeless Value Meets Effortless Living. Discover one of Dallas’s best-kept secrets—where lasting quality, unbeatable convenience, and all-inclusive living come together. This established community has stood the test of time, known for its solid construction, lush grounds and worry-free lifestyle. Here, your HOA covers ALL UTILITIES, so you can enjoy truly predictable expenses—no surprise bills just simple stress-free living. Perfectly positioned near Texas Health Presbyterian Hospital, the Northaven Trail, and the new pedestrian bridge, moments from NorthPark Center, The Shops at Park Lane, and the city’s favorite restaurants and cafés. This coveted first-floor location offers easy access from your reserved parking space—no stairs, no hassle, just walk in and exhale. Inside, sunlight pours through oversized windows, illuminating an inviting open layout that feels bright and welcoming. The updated kitchen features sleek stainless-steel appliances and generous cabinetry—perfect for whipping up weeknight meals or weekend brunches with friends. Two spacious bedrooms each feature a private ensuite bath, ideal for hosting guests or carving out your own creative home office. With no carpet anywhere, it’s clean, modern, and easy to maintain. The primary retreat includes granite countertops, a walk-in shower, and fantastic closet space that keeps everything effortlessly organized. Outside, enjoy resort-style amenities without ever leaving home—a sparkling pool, shaded gazebo, BBQ grill and vibrant landscaping create the perfect backdrop for relaxed afternoons or evening gatherings under the stars. This is more than a condo—it’s a smart lifestyle choice for anyone who values comfort, location and lasting value. With all bills paid, a proven community reputation and proximity to SMU and Central Dallas, this is one of the best bargains in town for refined low-maintenance living.

20. 2025-12-04
    historical
21. 2025-10-27
    status Active
22. 2025-10-25
    historical
23. 2025-10-21
    price $175,000
24. 2025-09-30
    price $189,500
25. 2025-08-20
    price $199,950
26. 2025-05-06
    listed $212,000 Active

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

Climate risk First Street

• 🌊 Flood 4/10 Moderate FEMA zone X (unshaded) · 24% 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 · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,751
• − Mortgage interest: −$7,562
• − Property taxes: −$2,025
• − Insurance: −$675
• − Repairs & maintenance: −$1,740
• − Management: −$1,740
• − HOA: −$6,240
• − Depreciation: −$3,927
• Taxable loss: −$2,159
• Est. tax savings @ 24.0%: +$518
• After-tax cash flow: $266/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.

Condition & rehab AI · 13 photos

Good 75/100 Cosmetic rehab

This first-floor condo in a well-established community offers a good condition with minimal repairs needed. The updated kitchen and bathrooms, along with the hardwood floors and fresh paint, contribute to its good condition. The property's location and HOA benefits make it a solid investment.

Value-add opportunities

• Both Paint the exterior siding — Enhances curb appeal and property value.
• Both Clean the pool and fountain — Maintains the aesthetic and functionality of the outdoor space.

Renovation cost estimate screening

Value-add ROI direction

• Both Paint the exterior siding — Enhances curb appeal and property value. ↑
• Both Clean the pool and fountain — Maintains the aesthetic and functionality of the outdoor space. ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

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): 27,763
• Household income: $110,956
• Rent vs Own: 42.6% rent · 57.4% own
• Severe rent burden: 1333.0

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 White (72%)
• Race & ethnicity: White 72% Hispanic / Latino 12% Black 9% Two or more races 8% Asian 4%
• Hispanic origin (detail): Mexican 9%
• Common ancestry: Lithuanian 3% Italian 2% Serbian 2%
• Foreign-born: 13% · Canada, Vietnam, China
• Languages at home: 83% English-only · Spanish 8% Other Indo-European 3% French/Haitian/Cajun 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: ▼ -595.21%
• Current HPI: 329.7118
• Rent YoY: ▲ 2.60%
• 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

-34.0% since first listed

13 events — show timeline

• 2026-04-29 Price Changed $140,000 NTREIS
• 2026-04-17 Relisted — NTREIS
• 2026-04-12 Contingent — NTREIS
• 2026-03-31 Price Changed $148,000 NTREIS
• 2026-02-07 Price Changed $155,000 NTREIS
• 2026-01-06 Listed $167,500 NTREIS
• 2025-12-04 Listing Removed — NTREIS
• 2025-10-27 Relisted — NTREIS
• 2025-10-25 Listing Removed — NTREIS
• 2025-10-21 Price Changed $175,000 NTREIS
• 2025-09-30 Price Changed $189,500 NTREIS
• 2025-08-20 Price Changed $199,950 NTREIS
• 2025-05-06 Listed $212,000 NTREIS