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734 Larkspur Ln
D- Composite 35.8
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 +10.9/15.0
  • Schools +6.1/10.0
  • Cash flow +5.8/30.0
  • Condition / age +4.0/5.0
  • Rent growth +3.6/5.0
  • Livability +3.5/5.0
  • 1% rule +1.8/10.0
  • DSCR +0.1/10.0
  • Appreciation +0.0/10.0

$435,000

734 Larkspur Ln · Midlothian, TX 76065
3 bd · 2.0 ba · 2,460 sqft · SingleFamily public records · 119 Days on market
Built 2020 Good condition 7,579 sqft lot 2-car garage $177/sqft · 8% below area Est $471k · 8% under $38/mo HOA · 1% of rent

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Listing remarks

MOTIVATED SELLER!! Welcome to this stunning 4 bedroom, 3 bath home located in the highly sought-after Massey Meadows community! Still like new, this beautifully maintained home offers exceptional upgrades, modern finishes, and a spacious open floor plan designed for both everyday living and entertaining. The gorgeous kitchen is the heart of the home, featuring stylish finishes, ample cabinetry, and an oversized island that opens seamlessly to the living and dining areas. The split-bedroom layout provides added privacy, with a spacious primary suite offering a relaxing retreat. From the beautiful curb appeal to the thoughtfully designed interior, this home truly stands out.

Key facts

  • 7,579 sq ft lot
  • 2 garage spots
  • Built 2020

Neighborhood map

Property Rental comp Retail Costco Walmart Transit Schools Stadiums Fortune 500 · Circle radius: 6.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 3-bed/2.0-bath single-family listed at $435k. Condition is rated good.

Deal economics

  • At list price, monthly cash flow is $-879 ($-11k/yr) — negative.
  • To cash-flow at today's rent, offer at most $280k (35.7% below list).
  • To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $294k (32.3% below list).
  • Recommended offer: $280k (35.7% below list) — sets the bar for cash-flow.

Location & tenants

  • Location reads 70/100 on livability (#371 in TX) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+, housing A+; Watch: amenities F, commute F, health & safety F.
  • Midlothian ISD (suburban): math 53% / reading 52% proficiency, ranked #94 of 826 in TX (top 11%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
  • Zoned schools: Longbranch El (math 75% / reading 62%, grade B+, #176 of 4,322 statewide, top 4%, 652 students, 19% FRL); Walnut Grove Middle (math 57% / reading 56%, grade B, #226 of 1,662 statewide, top 14%, 992 students, 21% FRL) — zoned schools at 20% FRL track the district average.
  • Market conditions: Rents rising fast (+4.3%/yr); tight market (median 1 DOM); 1581 active listings in the ZIP; 27 comparable units currently listed for rent nearby; rentals lingering (median 40d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 56% of comp listings sitting > 30 days — soft ceiling on asking rent; high-income renter base; 3,016 units permitted in Ellis County in 2024 (20 in 5+ unit buildings).

Forward outlook

  • Local home prices are declining (-3.0%/yr); year-one equity from $3k of loan paydown is wiped out by about $13k of value loss. Plan a longer hold.
  • Ellis County population projected at +36% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

  • It's been on market 119 days — a 9% lower offer ($396k) is reasonable based on typical stale-listing flexibility.
  • 2 sale attempts since 6y ago; this cycle's ask has dropped $24k (5%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

  • Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→25/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Recommended offer $279,731 (35.7% 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 119 days. Have you received any prior offers? Is the seller open to a 36% 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. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
  5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  6. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
  7. 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?
  8. 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.
  9. 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.
  10. 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
0.68%
Cap rate
3.87%
Cash-on-cash
-8.66%
DSCR
0.61
GRM
12.3

CMA / ARV

ARV (median comp)
$470,929
List price
$435,000
Delta
-6.57%
Verdict
FAIR
Comps
20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
733 Winecup Way 0.26mi 3/2.0 2,404 (-2%) 6mo $473,169 $197 79
738 Larkspur Ln 0.01mi 4/2.5 (+1) 2,620 (+6%) 4mo $449,900 $172 78
725 Winecup Way 0.27mi 3/2.5 2,550 (+4%) 4mo $449,999 $176 76
4602 Thistle Dr 0.33mi 4/2.0 (+1) 2,403 (-2%) 4mo $464,999 $194 72
3821 Regent St 0.29mi 4/2.5 (+1) 2,582 (+5%) 4mo $399,900 $155 67
3470 Nightingale Ln 0.56mi 3/3.0 2,527 (+3%) 5mo $495,000 $196 61
3458 Oxford St 0.54mi 3/2.0 2,288 (-7%) 6mo $365,000 $160 59
3421 Nightingale Ln 0.71mi 3/2.0 2,314 (-6%) 5mo $480,000 $207 53
406 Garden Tree Trl 0.61mi 4/3.5 (+1) 2,544 (+3%) 5mo $420,000 $165 51
722 Winecup Way 0.30mi 4/3.0 (+1) 2,798 (+14%) 6mo $509,999 $182 49
3690 Mockingbird Ln 0.59mi 3/3.0 2,763 (+12%) 4mo $890,000 $322 44
3445 Nightingale Ln 0.64mi 4/3.0 (+1) 2,098 (-15%) 1mo $499,000 $238 36

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 · 4.32% rent growth · sell at horizon

5-year hold
IRR
-30.0%
Equity multiple
-0.00×
Total profit
$-122,340
Equity at exit
$64,860
10-year hold
IRR
-25.8%
Equity multiple
-0.32×
Total profit
$-161,235
Equity at exit
$37,611

Cash invested: $121,800 (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.
Buyer's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

For sale now
84 active · 25 under contract
Months of supply
14.8 mo (7%/mo absorbed)
Median asking
$477,995 ($196/sqft)
Median days on market
71 d
This list price
24% of active listings are priced below it
ARV vs active asking
-2.4% vs current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 76065

Home prices YoY
-18.9%
Rents YoY
4.3%
Median DOM (565 sales)
1 d
Active inventory
1581
Price-to-rent
12.3×

Monthly cashflow live

Estimated rent
$2,945 high interval (Pro) →
Mortgage (P&I)
$2,281
Tax from tax record
$705 /mo · $8,458/yr
Insurance
$181
HOA
$38
Vacancy / Maint / Mgmt
$618
Net cashflow
$-879

Break-even live

Break-even rent $4,057
Max offer price $279,731
Occupancy floor

Sensitivity live

Price -10% $-633 -5% $-756 +0% $-879 +5% $-1,002 +10% $-1,125
Rent -10% $-1,112 -5% $-995 +0% $-879 +5% $-763 +10% $-646
Rate -1.0pp $-660 -0.5pp $-768 base $-879 +0.5pp $-992 +1.0pp $-1,106

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
$108,750
Closing costs
$13,050
Reserves months
Total cash needed

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Short-term bridge; refi at stabilization.

Rent comps 27 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
4434 Verbena St Midlothian, TX 4.0 2.5 2970 $3,400 $1.14 48d 1 0.23mi
3826 Hyde Park Dr Midlothian, TX 4.0 2.5 2822 $2,995 $1.06 50d 1 0.33mi
1109 Abbey Ln Midlothian, TX 4.0 3.0 2449 $2,900 $1.18 31d 1 0.57mi
3457 Newgate St Midlothian, TX 3.0 2.0 1848 $2,200 $1.19 18d 1 0.57mi
3829 Honey Grove Dr Midlothian, TX 4.0 3.0 2400 $3,200 $1.33 139d 1 0.82mi
3222 Eagle Ln Midlothian, TX 4.0 2.5 2380 $2,675 $1.12 54d 1 0.94mi
355 Freestall Dr Midlothian, TX 4.0 2.0 1940 $3,250 $1.68 18d 1 0.99mi
347 Freestall Dr Midlothian, TX 4.0 2.0 2086 $2,895 $1.39 84d 1 1.00mi
3250 Jersey Dr Midlothian, TX 4.0 3.0 2280 $3,400 $1.49 41d 1 1.05mi
1146 Finch Cir Midlothian, TX 4.0 2.5 2332 $2,646 $1.13 24d 1 1.07mi
1146 Finch Cir Midlothian, TX 4.0 2.5 2332 $2,215 $0.95 4d 1 1.07mi
3005 Arbor Grove Trl Midlothian, TX 4.0 2.0 2121 $2,895 $1.36 39d 1 1.08mi
344 Dairy Way Midlothian, TX 3.0 2.5 2817 $3,200 $1.14 64d 1 1.12mi
3060 Farmhouse Dr Midlothian, TX 4.0 2.5 2658 $3,500 $1.32 41d 1 1.17mi
2841 Hay Ln Midlothian, TX 3.0 2.0 1941 $2,750 $1.42 86d 1 1.20mi
2837 Hay Ln Midlothian, TX 3.0 2.0 2153 $2,900 $1.35 88d 1 1.20mi
2817 Hay Ln Midlothian, TX 3.0 2.0 1941 $2,750 $1.42 88d 1 1.22mi
1017 Greencove Dr Midlothian, TX 4.0 2.0 2270 $3,200 $1.41 0d 1 1.24mi
1017 Greencove Dr Midlothian, TX 4.0 2.0 2270 $3,200 $1.41 2d 1 1.24mi
5225 Rowlan Row Midlothian, TX 4.0 3.0 2996 $3,800 $1.27 0d 1 1.25mi
5626 Rutherford Dr Midlothian, TX 3.0 4.0 3304 $3,600 $1.09 25d 1 1.32mi
6030 Bentwood Dr Midlothian, TX 4.0 3.0 2465 $2,800 $1.14 18d 1 1.35mi
1017 Fairhaven Dr Midlothian, TX 4.0 2.5 2189 $3,200 $1.46 0d 1 1.35mi
4021 Alpine St Midlothian, TX 4.0 3.0 2311 $3,100 $1.34 94d 1 1.36mi
4017 Alpine St Midlothian, TX 4.0 3.0 2311 $3,200 $1.38 24d 1 1.36mi
4213 Pasture View Ave Midlothian, TX 4.0 4.5 3026 $3,650 $1.21 82d 1 1.37mi
6218 Cynthia Dr Midlothian, TX 4.0 2.0 1666 $2,500 $1.50 11d 1 1.50mi

Property features AI

Finance

Other
Utilities easement presentSubdivision: Massey MdwsLot less than 0.5 acre
HOA & community
Mandatory HOAHOA fee $450 annually (includes management fees)HOA managed by Goodwin & Company

Exterior

Parking
Attached 2-car garage with garage door opener2 covered parking spacesNo carport spaces
Security
Burglar alarmSecurity systemSmoke detectorsCarbon monoxide detector(s)
Utilities
City waterCity sewerElectricity available and connectedCable availablePhone availableUnderground utilitiesCurbs and sidewalks
Home design
Single family residenceTwo storiesResidential propertyPreowned (built 2020)Not attached to another propertyDeed restrictions
Construction
Brick constructionComposition roofSlab foundationYear built 2020
Exterior features
Covered porchCovered patio/porchWood fencingFew treesLandscapedInterior lotSubdivision lot

Interior

Kitchen
Electric cooktopElectric ovenMicrowaveGranite countersPantry
Bedrooms
4 bedroomsPrimary bedroom on level 1
Flooring
Wood flooringCeramic tileCarpet
Bathrooms
3 full bathrooms
Heating & cooling
Central heating (electric)Central air (electric)Ceiling fan(s)
Interior features
Open floorplanDecorative lightingGranite countersEat-in kitchenPantryCable TV availableWindow coverings
Laundry & utility
Full-size washer/dryer areaElectric water heaterTankless water heater

Listing history 50 events

  1. 2026-09-23
    days on market $435,000 Active 119 DOM
  2. 2026-09-22
    pricedays on market $435,000 Active 118 DOM
  3. 2026-09-21
    days on market $440,000 Active 117 DOM
  4. 2026-09-20
    days on market $440,000 Active 116 DOM
  5. 2026-09-19
    days on market $440,000 Active 115 DOM
  6. 2026-09-18
    days on market $440,000 Active 114 DOM
  7. 2026-09-17
    days on market $440,000 Active 113 DOM
  8. 2026-09-16
    days on market $440,000 Active 112 DOM
  9. 2026-09-15
    days on market $440,000 Active 111 DOM
  10. 2026-09-14
    days on market $440,000 Active 110 DOM
  11. 2026-09-13
    days on market $440,000 Active 109 DOM
  12. 2026-09-12
    days on market $440,000 Active 108 DOM
  13. 2026-09-11
    days on market $440,000 Active 107 DOM
  14. 2026-09-05
    days on market $440,000 Active 101 DOM
  15. 2026-09-04
    days on market $440,000 Active 100 DOM
  16. 2026-09-02
    days on market $440,000 Active 98 DOM
  17. 2026-08-31
    days on market $440,000 Active 96 DOM
  18. 2026-08-30
    days on market $440,000 Active 95 DOM
  19. 2026-08-29
    days on market $440,000 Active 94 DOM
  20. 2026-08-28
    days on market $440,000 Active 93 DOM
  21. 2026-08-27
    days on market $440,000 Active 92 DOM
  22. 2026-08-25
    days on market $440,000 Active 90 DOM
  23. 2026-08-24
    days on market $440,000 Active 89 DOM
  24. 2026-08-23
    days on market $440,000 Active 88 DOM
  25. 2026-08-22
    days on market $440,000 Active 87 DOM
  26. 2026-08-21
    days on market $440,000 Active 86 DOM
  27. 2026-08-20
    days on market $440,000 Active 85 DOM
  28. 2026-08-19
    days on market $440,000 Active 84 DOM
  29. 2026-08-18
    days on market $440,000 Active 83 DOM
  30. 2026-08-17
    days on market $440,000 Active 82 DOM
  31. 2026-08-16
    days on market $440,000 Active 81 DOM
  32. 2026-08-15
    days on market $440,000 Active 80 DOM
  33. 2026-08-14
    days on market $440,000 Active 79 DOM
  34. 2026-08-13
    days on market $440,000 Active 78 DOM
  35. 2026-08-12
    days on market $440,000 Active 77 DOM
  36. 2026-08-11
    days on market $440,000 Active 76 DOM
  37. 2026-08-10
    days on market $440,000 Active 75 DOM
  38. 2026-08-09
    days on market $440,000 Active 74 DOM
  39. 2026-08-08
    days on market $440,000 Active 73 DOM
  40. 2026-08-06
    days on market $440,000 Active 71 DOM
  41. 2026-08-05
    days on market $440,000 Active 70 DOM
  42. 2026-08-04
    days on market $440,000 Active 69 DOM
  43. 2026-08-03
    days on market $440,000 Active 68 DOM
  44. 2026-07-31
    days on market $440,000 Active 65 DOM
  45. 2026-07-30
    days on market $440,000 Active 64 DOM
  46. 2026-07-30
    days on market $440,000 Active 63 DOM
  47. 2026-07-28
    days on market $440,000 Active 62 DOM
  48. 2026-07-26
    pricedays on market $440,000 Active 60 DOM
  49. 2026-07-24
    days on market $450,000 Active 58 DOM
  50. 2026-07-23
    days on market $450,000 Active 57 DOM

ⓘ 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
$8,458 · $705/mo
Projected year-2 tax
$8,458 · $705/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 5/10 Major
  • 🌡 Heat 7/10 Severe 7 d/yr ≥109°F today · 25 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

Nearby sold comps map

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Walkable amenities ~0.75 mi

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Taxation est. · year 1

Rental income
$35,337
− Mortgage interest
−$24,367
− Property taxes
−$8,458
− Insurance
−$2,175
− Repairs & maintenance
−$2,827
− Management
−$2,827
− HOA
−$456
− Depreciation
−$12,655
Taxable loss
−$18,428
combined federal + state — saved on this device
Est. tax savings @ 24.0%
+$4,423
After-tax cash flow
$-6,125/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 80/100 Cosmetic rehab Est. rehab $12,300–$36,900 screening

This well-maintained, modern home in a desirable neighborhood is ready for a new owner. It features a spacious kitchen, bathrooms, and living spaces, with good curb appeal and landscaping.

Value-add opportunities

  • Both paint exterior and interior — fresh paint enhances curb appeal and interior aesthetics
  • Both landscaping — improved landscaping can increase curb appeal and property value

ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

C Composite school gradezoned avg 61/100

Zoned Schools

Elementary Longbranch El B+ TX #176/4,322 Nat'l #4,125/41,679 Middle Walnut Grove Middle B TX #226/1,662 Nat'l #2,304/14,009 High Midlothian Heritage H S C TX #315/1,632 Nat'l #3,934/17,239

Schools (NCES district)

District
Midlothian ISD
NCES district ID
4830600
Math proficiency
53% ▼ -7.00%
Reading proficiency
52% ▼ -1.00%
Median HH income
$85,068
Composite
48.22/100
National rank
#2165
State rank
#94 of 826 in TX
B Composite livability gradescore 70/100

Livability — Midlothian

Score
70/100
State rank
#371
US rank
#7851

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

Census place
Midlothian, TX
County
Ellis County · 194,556 people
City population
47,438
Metro
Dallas-Fort Worth-Arlington, TX
Population (ZIP)
47,438
Household income
$127,756
Rent vs Own
18.3% rent · 81.7% own
Severe rent burden
9% of renters

Population outlook (Ellis County) Hauer SSP2

Today (2025)
194,556 people
By 2030
209,679 · +7.8%
By 2040
238,837 · +22.8%
By 2050
265,451 · +36.4%
By 2075
326,571 · +67.9%
By 2100
362,156 · +86.1%

Race, ethnicity, and origin ACS 2023

Neighborhood character
Predominantly White (65%)
Race & ethnicity
White 65% Hispanic / Latino 20% Two or more races 13% Black 11%
Hispanic origin (detail)
Mexican 15%
Common ancestry
Lithuanian 2% Italian 2% Romanian 1%
Foreign-born
5% · Canada
Languages at home
88% English-only · Spanish 10% Other Indo-European 1%

Political lean MEDSL · Ellis

2024 margin
Solid R (+31.1) · D 34.0% · R 65.1%
2008→2024 swing
+11.2pp toward D · 2008: -42.2pp · 2024: -31.1pp
All cycles
2024: R+31.1 2020: R+34.1 2016: R+45.4 2012: R+47.5 2008: R+42.2

Not yet ingested

Civics

Price history

+44.5% since first listed
5 events — show timeline
  • 2026-06-25 Price Changed $452,000 NTREIS
  • 2026-06-16 Price Changed $454,000 NTREIS
  • 2026-05-27 Listed $459,000 NTREIS
  • 2020-06-19 Listing Removed NTREIS
  • 2020-06-19 Listed $312,750 NTREIS

Property tax history

+57.1%/yr

Latest (2025): $8,458 · +3.1% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…