1505 Elm St #501 · Dallas, TX 75201

$189,900

2 bd · 2.0 ba · 1,059 sqft · Condo public records · 486 Days on market

Built 1957 $179/sqft · 24% below area Est $248k · 24% under $1247/mo HOA · 56% of rent

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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
• 1% rule +6.6/10.0
• Appreciation +6.5/10.0
• Livability +4.0/5.0
• Rent growth +3.1/5.0
• Schools +2.8/10.0
• Condition / age +2.5/5.0
• Cash flow +0.0/30.0
• DSCR +0.0/10.0

Listing remarks MLS

INVESTORS TAKE NOTE...well below market!!! $35,500 in UPDATES* ASK ABOUT SELLER INCENTIVES... DOWNTOWN LUXURY UNIT in the heart of Downtown in the iconic George Dahl-designed full service boutique hi-rise building! 2 picture windows with 5th floor Elm Street views. Please see list of current Owner updates in Transaction desk documents*. Entry with updated half-bath with pedestal sink and tile wall and stylish vanity light, dining room perfect for entertaining, kitchen expertly updated and ready for a chef, upgraded granite countertops, new appliances, wine cooler, warming oven, farm sink. Living room with updated lighting and plantation shutters. Primary bath has granite countertops with a walk-in shower and jetted tub, double sinks and a walk-in custom closet. Extra 115 sf storage room across the hall from front door. 1505 Amenities: 24HR Concierge-Valet parking for Residents & up to 5 Guests (no tipping) with additional spaces available for $100 mo. Amenity Floor B1-wine cellar, party area, piano, caterer's kitchen, pool table, darts, TV. Amenity Floor B2- new Theater room with Roku and state of the art Fitness Center. 5th Floor Resident Outdoor Retreat - Pool, 3 cooking pavilions, pet friendly building with private dog run, sitting areas. Walk to Flagship Neiman Marcus, Forty Five Ten, a variety of Restaurants, Arts District, AT&T Discovery District with 9 story video wall. DART Akard Station across the street with access to DFW, Love Field, NorthPark, Mockingbird Station +. The Ease of a Contemporary Lifestyle. When Your Neighbor includes a Flying Horse, You're Living Someplace Special!

Key facts

• Picture windows
• Corner unit
• Walk-in shower

Tags

• CORNER UNIT
• PICTURE WINDOWS
• UPDATED HALF-BATH
• GRANITE COUNTERTOPS
• WALK-IN SHOWER
• JETTED TUB

🏷️ Possibly a rental listed for sale. The $189,900 price doesn't fit this home's estimated sale value (~$248,307) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $190k.

Deal economics

• At list price, monthly cash flow is $-958 ($-12k/yr) — negative.
• To cash-flow at today's rent, offer at most $72k (61.9% below list).
• Meets the 1% rule at list price ($2k rent vs $190k).
• Recommended offer: $72k (61.9% below list) — sets the bar for cash-flow.
• Cap rate 0.2% vs local median 2.3% in Dallas — below-typical yield; the buyer is paying a premium for something (appreciation thesis, condition, location) that the cap rate doesn't capture.

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 (+2.4%/yr); 97 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 20d on market — plan ~3-4 weeks tenant-placement turnaround); 40% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 12,577 units permitted in Dallas County in 2024 (6,829 in 5+ unit buildings).

Forward outlook

• In year one you build about $7k of equity ($1k loan paydown + $6k appreciation (3.1% local appreciation)).
• Dallas County population projected at +35% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• By year 5, paydown + projected appreciation supports a ~$31k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 486 days — a 12% lower offer ($167k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 25y ago; this cycle's ask has dropped $50k (21%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: HOA is 56% of rent; built in 1957 — expect roof / HVAC / electrical / plumbing capex.
• 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 $72,306 (61.9% 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 486 days. Have you received any prior offers? Is the seller open to a 62% concession, seller financing, or rate buy-down credit?
3. Built in 1957 — 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. 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: 1.16% ✓
• Cap rate: 0.24%
• Cash-on-cash: -21.63%
• DSCR: 0.04
• GRM: 7.2

CMA / ARV

• ARV (median comp): $248,307
• List price: $189,900
• Delta: -23.52%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

3.1% appreciation · 2.38% rent growth · sell at horizon

5-year hold

• IRR: -12.1%
• Equity multiple: 0.29×
• Total profit: $-37,694
• Equity at exit: $86,407

10-year hold

• IRR: -5.9%
• Equity multiple: 0.05×
• Total profit: $-50,434
• Equity at exit: $133,961

Cash invested: $53,172 (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 75201

• Home prices YoY: 1.2%
• Rents YoY: 2.4%
• Active inventory: 97
• Price-to-rent: 7.2×

Monthly cashflow live

• Estimated rent: $2,211 high
• Mortgage (P&I): −$996
• Tax from tax record: −$383 /mo · $4,598/yr
• Insurance: −$79
• HOA: −$1,247
• Vacancy / Maint / Mgmt: −$464
• Net cashflow: $-958

Break-even live

Break-even rent $3,424

Max offer price $72,306

Occupancy floor —

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: $47,475
• Closing costs: $5,697
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1415 Main St Dallas, TX	2.0	1.0–2.0	959	$2,725	$2.84	2d	15	0.02mi
1505 Elm St Unit 1238 Dallas, TX	2.0	2.0	1332	$2,052	$1.54	44d	1	0.04mi
1505 Elm St Unit 1579 Dallas, TX	1.0	1.0	888	$1,453	$1.64	44d	1	0.04mi
1505 Elm St Unit 1882 Dallas, TX	2.0	2.0	1445	$2,337	$1.62	44d	1	0.04mi
1505 Elm St #1101 Dallas, TX	1.0	1.5	1217	$2,999	$2.46	4d	1	0.04mi
1505 Elm St Unit 3127 Dallas, TX	1.0	1.0	808	$1,848	$2.29	44d	1	0.04mi
1509 Main St Dallas, TX	2.0	1.0–2.0	973	$2,690	$2.76	1d	17	0.04mi
1413 Elm St Dallas, TX	1.0	1.0	838	$2,415	$2.88	5d	1	0.04mi
1413 Elm St Dallas, TX	1.0	1.0	838	$2,415	$2.88	20d	1	0.04mi
1505 Elm St Dallas, TX	1.0	1.0–1.5	1019	$2,237	$2.20	11d	2	0.05mi
1309 Main St Dallas, TX	1.0–2.0	1.0–2.0	1526	$5,196	$3.40	2d	14	0.05mi
1309 Main St Unit 50046 Dallas, TX	2.0	2.0	1330	$2,596	$1.95	44d	1	0.05mi
1401 Elm St Dallas, TX	2.0	1.0–3.5	1873	$17,867	$9.54	3d	64	0.07mi
1525 Elm St Unit 1887 Dallas, TX	1.0	1.0	840	$1,411	$1.68	44d	1	0.07mi
1525 Elm St Unit 7002 Dallas, TX	2.0	2.0	1300	$2,199	$1.69	44d	1	0.07mi
1525 Elm St Unit 2577 Dallas, TX	1.0	1.0	876	$1,459	$1.67	44d	1	0.07mi
1525 Elm St Unit 31812 Dallas, TX	2.0	2.0	1398	$2,044	$1.46	44d	1	0.07mi
1555 Elm St Dallas, TX	1.0	1.0	1038	$1,880	$1.81	13d	2	0.08mi
1606 Pacific Ave Dallas, TX	1.0	1.0	821	$1,316	$1.60	44d	1	0.10mi
1606 Pacific Ave Dallas, TX	2.0	2.0	1149	$2,360	$2.05	24d	1	0.10mi
1606 Pacific Ave Dallas, TX	1.0	1.0	821	$1,316	$1.60	20d	1	0.10mi
1200 Main St Unit 1285221 Dallas, TX	1.0	1.0	848	$1,498	$1.77	44d	1	0.11mi
1200 Main St Unit D-1319 Dallas, TX	1.0	1.0	908	$1,756	$1.93	44d	1	0.11mi
1200 Main St Unit 1026 Dallas, TX	2.0	2.0	1304	$2,020	$1.55	44d	1	0.11mi
1601 Elm St Dallas, TX	1.0–2.0	1.0–2.5	1082	$4,175	$3.86	2d	23	0.11mi
300 N Akard St Dallas, TX	2.0	1.0–2.0	1223	$2,706	$2.21	2d	25	0.12mi
1200 Main St Dallas, TX	1.0–2.0	1.0–2.0	1019	$2,500	$2.45	1d	4	0.12mi
1200 Main St Dallas, TX	1.0–2.0	1.0–2.0	1019	$2,500	$2.45	4d	3	0.12mi
1228 Commerce St Unit 911 Dallas, TX	1.0	1.0	722	$1,360	$1.88	4d	1	0.13mi
1228 Commerce St Unit 911 Dallas, TX	2.0	2.0	1051	$1,670	$1.59	22d	1	0.13mi
1228 Commerce St Unit 911 Dallas, TX	1.0	1.0	722	$1,360	$1.88	20d	1	0.13mi
1228 Commerce St Unit 911 Dallas, TX	2.0	2.0	1051	$1,670	$1.59	44d	1	0.13mi
1222 Commerce St Dallas, TX	2.0	1.0–2.0	1028	$2,270	$2.21	1d	35	0.13mi
222 Browder St Dallas, TX	1.0–2.0	1.0–2.0	1141	$3,175	$2.78	44d	27	0.14mi
1411 Federal St Dallas, TX	2.0	2.0	983	$2,190	$2.23	24d	1	0.14mi
1623 Main St Dallas, TX	2.0	1.0–2.0	995	$2,017	$2.03	2d	9	0.14mi
1405 Federal St Unit 1383555P Dallas, TX	1.0	1.0	731	$3,028	$4.14	14d	1	0.15mi
405 N Ervay St Dallas, TX	3.0	1.0–3.5	1846	$8,510	$4.61	2d	24	0.16mi
211 N Ervay St Dallas, TX	1.0	1.0	712	$1,067	$1.50	44d	1	0.17mi
1016 Elm St Unit 1436512P Dallas, TX	1.0–4.0	1.0–4.0	818	$5,114	$6.25	2d	2	0.17mi

HOA detail condo

• Monthly dues: $1,247 · $14,964/yr
• Likely covers: poolgymdoorman
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 47 events

1. 2026-06-18
   days on market $189,900 Active 486 DOM
2. 2026-06-17
   days on market $189,900 Active 485 DOM
3. 2026-06-16
   days on market $189,900 Active 484 DOM
4. 2026-06-15
   days on market $189,900 Active 483 DOM
5. 2026-06-13
   days on market $189,900 Active 481 DOM
6. 2026-06-09
   days on market $189,900 Active 477 DOM
7. 2026-06-08
   days on market $189,900 Active 476 DOM
8. 2026-06-07
   days on market $189,900 Active 475 DOM
9. 2026-06-04
   days on market $189,900 Active 472 DOM
10. 2026-06-03
    days on market $189,900 Active 471 DOM
11. 2026-06-02
    days on market $189,900 Active 470 DOM
12. 2026-06-02
    days on market $189,900 Active 469 DOM
13. 2026-05-31
    days on market $189,900 Active 468 DOM
14. 2026-05-08
    price $189,900 1636-char remark

    Show marketing remark (1636 chars)

    INVESTORS TAKE NOTE...well below market!!! $35,500 in UPDATES* ASK ABOUT SELLER INCENTIVES... DOWNTOWN LUXURY UNIT in the heart of Downtown in the iconic George Dahl-designed full service boutique hi-rise building! 2 picture windows with 5th floor Elm Street views. Please see list of current Owner updates in Transaction desk documents*. Entry with updated half-bath with pedestal sink and tile wall and stylish vanity light, dining room perfect for entertaining, kitchen expertly updated and ready for a chef, upgraded granite countertops, new appliances, wine cooler, warming oven, farm sink. Living room with updated lighting and plantation shutters. Primary bath has granite countertops with a walk-in shower and jetted tub, double sinks and a walk-in custom closet. Extra 115 sf storage room across the hall from front door. 1505 Amenities: 24HR Concierge-Valet parking for Residents & up to 5 Guests (no tipping) with additional spaces available for $100 mo. Amenity Floor B1-wine cellar, party area, piano, caterer's kitchen, pool table, darts, TV. Amenity Floor B2- new Theater room with Roku and state of the art Fitness Center. 5th Floor Resident Outdoor Retreat - Pool, 3 cooking pavilions, pet friendly building with private dog run, sitting areas. Walk to Flagship Neiman Marcus, Forty Five Ten, a variety of Restaurants, Arts District, AT&T Discovery District with 9 story video wall. DART Akard Station across the street with access to DFW, Love Field, NorthPark, Mockingbird Station +. The Ease of a Contemporary Lifestyle. When Your Neighbor includes a Flying Horse, You're Living Someplace Special!

15. 2026-01-16
    price $194,999 1636-char remark

    Show marketing remark (1636 chars)

    INVESTORS TAKE NOTE...well below market!!! $35,500 in UPDATES* ASK ABOUT SELLER INCENTIVES... DOWNTOWN LUXURY UNIT in the heart of Downtown in the iconic George Dahl-designed full service boutique hi-rise building! 2 picture windows with 5th floor Elm Street views. Please see list of current Owner updates in Transaction desk documents*. Entry with updated half-bath with pedestal sink and tile wall and stylish vanity light, dining room perfect for entertaining, kitchen expertly updated and ready for a chef, upgraded granite countertops, new appliances, wine cooler, warming oven, farm sink. Living room with updated lighting and plantation shutters. Primary bath has granite countertops with a walk-in shower and jetted tub, double sinks and a walk-in custom closet. Extra 115 sf storage room across the hall from front door. 1505 Amenities: 24HR Concierge-Valet parking for Residents & up to 5 Guests (no tipping) with additional spaces available for $100 mo. Amenity Floor B1-wine cellar, party area, piano, caterer's kitchen, pool table, darts, TV. Amenity Floor B2- new Theater room with Roku and state of the art Fitness Center. 5th Floor Resident Outdoor Retreat - Pool, 3 cooking pavilions, pet friendly building with private dog run, sitting areas. Walk to Flagship Neiman Marcus, Forty Five Ten, a variety of Restaurants, Arts District, AT&T Discovery District with 9 story video wall. DART Akard Station across the street with access to DFW, Love Field, NorthPark, Mockingbird Station +. The Ease of a Contemporary Lifestyle. When Your Neighbor includes a Flying Horse, You're Living Someplace Special!

16. 2025-10-13
    price $199,999 1636-char remark

    Show marketing remark (1636 chars)

    INVESTORS TAKE NOTE...well below market!!! $35,500 in UPDATES* ASK ABOUT SELLER INCENTIVES... DOWNTOWN LUXURY UNIT in the heart of Downtown in the iconic George Dahl-designed full service boutique hi-rise building! 2 picture windows with 5th floor Elm Street views. Please see list of current Owner updates in Transaction desk documents*. Entry with updated half-bath with pedestal sink and tile wall and stylish vanity light, dining room perfect for entertaining, kitchen expertly updated and ready for a chef, upgraded granite countertops, new appliances, wine cooler, warming oven, farm sink. Living room with updated lighting and plantation shutters. Primary bath has granite countertops with a walk-in shower and jetted tub, double sinks and a walk-in custom closet. Extra 115 sf storage room across the hall from front door. 1505 Amenities: 24HR Concierge-Valet parking for Residents & up to 5 Guests (no tipping) with additional spaces available for $100 mo. Amenity Floor B1-wine cellar, party area, piano, caterer's kitchen, pool table, darts, TV. Amenity Floor B2- new Theater room with Roku and state of the art Fitness Center. 5th Floor Resident Outdoor Retreat - Pool, 3 cooking pavilions, pet friendly building with private dog run, sitting areas. Walk to Flagship Neiman Marcus, Forty Five Ten, a variety of Restaurants, Arts District, AT&T Discovery District with 9 story video wall. DART Akard Station across the street with access to DFW, Love Field, NorthPark, Mockingbird Station +. The Ease of a Contemporary Lifestyle. When Your Neighbor includes a Flying Horse, You're Living Someplace Special!

17. 2025-09-11
    price $208,999 1636-char remark

    Show marketing remark (1636 chars)

    INVESTORS TAKE NOTE...well below market!!! $35,500 in UPDATES* ASK ABOUT SELLER INCENTIVES... DOWNTOWN LUXURY UNIT in the heart of Downtown in the iconic George Dahl-designed full service boutique hi-rise building! 2 picture windows with 5th floor Elm Street views. Please see list of current Owner updates in Transaction desk documents*. Entry with updated half-bath with pedestal sink and tile wall and stylish vanity light, dining room perfect for entertaining, kitchen expertly updated and ready for a chef, upgraded granite countertops, new appliances, wine cooler, warming oven, farm sink. Living room with updated lighting and plantation shutters. Primary bath has granite countertops with a walk-in shower and jetted tub, double sinks and a walk-in custom closet. Extra 115 sf storage room across the hall from front door. 1505 Amenities: 24HR Concierge-Valet parking for Residents & up to 5 Guests (no tipping) with additional spaces available for $100 mo. Amenity Floor B1-wine cellar, party area, piano, caterer's kitchen, pool table, darts, TV. Amenity Floor B2- new Theater room with Roku and state of the art Fitness Center. 5th Floor Resident Outdoor Retreat - Pool, 3 cooking pavilions, pet friendly building with private dog run, sitting areas. Walk to Flagship Neiman Marcus, Forty Five Ten, a variety of Restaurants, Arts District, AT&T Discovery District with 9 story video wall. DART Akard Station across the street with access to DFW, Love Field, NorthPark, Mockingbird Station +. The Ease of a Contemporary Lifestyle. When Your Neighbor includes a Flying Horse, You're Living Someplace Special!

18. 2025-05-30
    price $209,999 1636-char remark

    Show marketing remark (1636 chars)

    INVESTORS TAKE NOTE...well below market!!! $35,500 in UPDATES* ASK ABOUT SELLER INCENTIVES... DOWNTOWN LUXURY UNIT in the heart of Downtown in the iconic George Dahl-designed full service boutique hi-rise building! 2 picture windows with 5th floor Elm Street views. Please see list of current Owner updates in Transaction desk documents*. Entry with updated half-bath with pedestal sink and tile wall and stylish vanity light, dining room perfect for entertaining, kitchen expertly updated and ready for a chef, upgraded granite countertops, new appliances, wine cooler, warming oven, farm sink. Living room with updated lighting and plantation shutters. Primary bath has granite countertops with a walk-in shower and jetted tub, double sinks and a walk-in custom closet. Extra 115 sf storage room across the hall from front door. 1505 Amenities: 24HR Concierge-Valet parking for Residents & up to 5 Guests (no tipping) with additional spaces available for $100 mo. Amenity Floor B1-wine cellar, party area, piano, caterer's kitchen, pool table, darts, TV. Amenity Floor B2- new Theater room with Roku and state of the art Fitness Center. 5th Floor Resident Outdoor Retreat - Pool, 3 cooking pavilions, pet friendly building with private dog run, sitting areas. Walk to Flagship Neiman Marcus, Forty Five Ten, a variety of Restaurants, Arts District, AT&T Discovery District with 9 story video wall. DART Akard Station across the street with access to DFW, Love Field, NorthPark, Mockingbird Station +. The Ease of a Contemporary Lifestyle. When Your Neighbor includes a Flying Horse, You're Living Someplace Special!

19. 2025-02-14
    listed $239,900 Active 1636-char remark

    Show marketing remark (1636 chars)

    INVESTORS TAKE NOTE...well below market!!! $35,500 in UPDATES* ASK ABOUT SELLER INCENTIVES... DOWNTOWN LUXURY UNIT in the heart of Downtown in the iconic George Dahl-designed full service boutique hi-rise building! 2 picture windows with 5th floor Elm Street views. Please see list of current Owner updates in Transaction desk documents*. Entry with updated half-bath with pedestal sink and tile wall and stylish vanity light, dining room perfect for entertaining, kitchen expertly updated and ready for a chef, upgraded granite countertops, new appliances, wine cooler, warming oven, farm sink. Living room with updated lighting and plantation shutters. Primary bath has granite countertops with a walk-in shower and jetted tub, double sinks and a walk-in custom closet. Extra 115 sf storage room across the hall from front door. 1505 Amenities: 24HR Concierge-Valet parking for Residents & up to 5 Guests (no tipping) with additional spaces available for $100 mo. Amenity Floor B1-wine cellar, party area, piano, caterer's kitchen, pool table, darts, TV. Amenity Floor B2- new Theater room with Roku and state of the art Fitness Center. 5th Floor Resident Outdoor Retreat - Pool, 3 cooking pavilions, pet friendly building with private dog run, sitting areas. Walk to Flagship Neiman Marcus, Forty Five Ten, a variety of Restaurants, Arts District, AT&T Discovery District with 9 story video wall. DART Akard Station across the street with access to DFW, Love Field, NorthPark, Mockingbird Station +. The Ease of a Contemporary Lifestyle. When Your Neighbor includes a Flying Horse, You're Living Someplace Special!

20. 2024-11-09
    price $249,990
21. 2024-06-27
    listed $259,997 Active
22. 2022-09-01
    soldstatus
23. 2022-08-31
    soldstatus Closed
24. 2022-07-21
    status Pending
25. 2022-07-15
    historical Active Option Contract
26. 2022-05-23
    listed $219,000 Active
27. 2014-06-20
    soldstatus
28. 2014-06-19
    soldstatus Closed
29. 2014-05-11
    status Pending
30. 2014-04-30
    historical Active Option Contract
31. 2014-03-24
    price $164,900
32. 2014-02-16
    listed $169,900 Active
33. 2012-05-14
    historical
34. 2012-03-16
    price $139,900
35. 2012-03-07
    price $144,900
36. 2012-01-17
    price $149,900
37. 2011-11-27
    listed $155,000 Active
38. 2011-06-02
    historical
39. 2011-01-05
    price $161,900
40. 2010-11-15
    price $165,900
41. 2010-09-24
    listed $169,900 Active
42. 2006-12-27
    soldstatus
43. 2006-12-20
    soldstatus
44. 2006-12-06
    historical
45. 2006-09-18
    listed $159,000
46. 2003-06-01
    historical
47. 2001-05-23
    listed $159,800

ⓘ 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: $4,598 · $383/mo
• Projected year-2 tax: $4,598 · $383/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 4/10 Moderate FEMA zone X (unshaded) · 22% 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 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $26,532
• − Mortgage interest: −$10,637
• − Property taxes: −$4,598
• − Insurance: −$950
• − Repairs & maintenance: −$2,123
• − Management: −$2,123
• − HOA: −$14,964
• − Depreciation: −$5,524
• Taxable loss: −$14,387
• Est. tax savings @ 24.0%: +$3,453
• After-tax cash flow: $-8,049/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): 18,345
• Household income: $103,761
• Rent vs Own: 89.4% rent · 10.6% own
• Severe rent burden: 2051.0

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: Diverse neighborhood (Simpson 0.62)
• Race & ethnicity: White 58% Black 16% Hispanic / Latino 15% Two or more races 9% Asian 6%
• Hispanic origin (detail): Mexican 8% Puerto Rican 3%
• Common ancestry: Lithuanian 3% Romanian 2% Italian 2%
• Foreign-born: 10% · Canada, China
• Languages at home: 83% English-only · Spanish 8% Other Indo-European 3% French/Haitian/Cajun 2%

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: ▲ 3.10%
• Current HPI: 250.7801
• Rent YoY: ▲ 2.38%
• 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

+18.8% since first listed

34 events — show timeline

• 2026-05-08 Price Changed $189,900 NTREIS
• 2026-01-16 Price Changed $194,999 NTREIS
• 2025-10-13 Price Changed $199,999 NTREIS
• 2025-09-11 Price Changed $208,999 NTREIS
• 2025-05-30 Price Changed $209,999 NTREIS
• 2025-02-14 Listed $239,900 NTREIS
• 2024-11-09 Price Changed $249,990 NTREIS
• 2024-06-27 Listed $259,997 NTREIS
• 2022-09-01 Sold (Public Records) — Public Records
• 2022-08-31 Sold (MLS) — NTREIS
• 2022-07-21 Pending — NTREIS
• 2022-07-15 Contingent — NTREIS
• 2022-05-23 Listed $219,000 NTREIS
• 2014-06-20 Sold (Public Records) — Public Records
• 2014-06-19 Sold (MLS) — NTREIS
• 2014-05-11 Pending — NTREIS
• 2014-04-30 Contingent — NTREIS
• 2014-03-24 Price Changed $164,900 NTREIS
• 2014-02-16 Listed $169,900 NTREIS
• 2012-05-14 Listing Removed — NTREIS
• 2012-03-16 Price Changed $139,900 NTREIS
• 2012-03-07 Price Changed $144,900 NTREIS
• 2012-01-17 Price Changed $149,900 NTREIS
• 2011-11-27 Listed $155,000 NTREIS
• 2011-06-02 Listing Removed — NTREIS
• 2011-01-05 Price Changed $161,900 NTREIS
• 2010-11-15 Price Changed $165,900 NTREIS
• 2010-09-24 Listed $169,900 NTREIS
• 2006-12-27 Sold (Public Records) — Public Records
• 2006-12-20 Sold (MLS) — NTREIS
• 2006-12-06 Listing Removed — NTREIS
• 2006-09-18 Listed $159,000 NTREIS
• 2003-06-01 Listing Removed — NTREIS
• 2001-05-23 Listed $159,800 NTREIS

Property tax history

+0.4%/yr

Latest (2025): $4,598 · -0.4% YoY. Source: county tax records.