9827 Walnut St #210 · Dallas, TX 75243

$59,000

2 bd · 2.0 ba · 1,031 sqft · Condo public records · 188 Days on market

Built 1983 $57/sqft · 45% below area Est $107k · 45% under $365/mo HOA · 27% of rent ↓ 46% 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 +25.3/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +8.4/10.0
• Livability +4.0/5.0
• Schools +3.7/10.0
• Condition / age +2.5/5.0
• Rent growth +1.2/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Budget-friendly investor’s dream! This two-story condo offers 2 bedrooms and 2 baths with a smart, functional layout perfect for rental income or a starter home. Enjoy an open living space, private upstairs bedrooms, and low-maintenance living. With great value and strong investment potential, this condo is an excellent addition to any portfolio.

Key facts

• $365 HOA
• Community pool
• Built 1983

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $59k.

Deal economics

• At list price, monthly cash flow is $135 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $59k).
• Recommended offer: $52k (12.0% below list) — sets the bar for market timing.
• Cap rate 9.0% 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: schools C-, crime F.
• Richardson ISD (urban): math 40% / reading 44% proficiency, ranked #316 of 826 in TX (top 38%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents falling (-5.3%/yr); 271 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 17d on market — plan ~3-4 weeks tenant-placement turnaround); 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 $408 of loan paydown is wiped out by about $2k 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 188 days — a 12% lower offer ($52k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 4y ago; this cycle's ask has dropped $55k (48%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: property tax is 4.5% of price; HOA is 27% of rent.

Recommended offer $51,920 (12.0% below list)

Questions for the listing agent

1. It's been on market 188 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. 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?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. 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?
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 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: 2.26% ✓
• Cap rate: 9.03%
• Cash-on-cash: 9.78%
• DSCR: 1.44
• GRM: 3.7

CMA / ARV

• ARV (median comp): $106,848
• List price: $59,000
• Delta: -44.78%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -8.0%
• Equity multiple: 0.72×
• Total profit: $-4,560
• Equity at exit: $8,797

10-year hold

• IRR: -9.0%
• Equity multiple: 0.60×
• Total profit: $-6,685
• Equity at exit: $5,101

Cash invested: $16,520 (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 75243

• Rents YoY: -5.3%
• Active inventory: 271
• Price-to-rent: 3.7×

Monthly cashflow live

• Estimated rent: $1,335 high
• Mortgage (P&I): −$309
• Tax from tax record: −$221 /mo · $2,652/yr
• Insurance: −$25
• HOA: −$365
• Vacancy / Maint / Mgmt: −$280
• Net cashflow: $135

Break-even live

Break-even rent $1,164

Max offer price $59,000

Occupancy floor 85%

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: $14,750
• Closing costs: $1,770
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
12920 Audelia Rd Dallas, TX	1.0–2.0	1.0–2.0	888	$1,680	$1.89	2d	25	0.01mi
9805 Walnut St Dallas, TX	1.0–2.0	1.0–2.0	758	$1,500	$1.98	17d	2	0.05mi
9801 Walnut St #214 Dallas, TX	1.0	1.0	774	$1,300	$1.68	18d	1	0.05mi
9825 Walnut St #206 Dallas, TX	2.0	2.0	1031	$1,250	$1.21	43d	1	0.15mi
9944 Walnut St Dallas, TX	1.0–2.0	1.0–2.0	775	$1,380	$1.78	2d	40	0.16mi
9831 Walnut St #209 Dallas, TX	2.0	2.0	1031	$1,600	$1.55	43d	1	0.19mi
9831 Walnut St #206 Dallas, TX	2.0	2.0	1031	$1,500	$1.45	43d	1	0.19mi
9833 Walnut St Dallas, TX	2.0	2.0	894	$1,099	$1.23	2d	1	0.21mi
9815 Walnut St #212 Dallas, TX	2.0	2.0	894	$1,450	$1.62	24d	1	0.23mi
9835 Walnut St #202 Dallas, TX	2.0	1.0	774	$1,150	$1.49	24d	1	0.23mi
9839 Walnut St Unit 210 Dallas, TX	2.0	2.0	1055	$1,600	$1.52	43d	1	0.25mi
9696 Walnut St Dallas, TX	1.0–2.0	1.0–2.0	866	$1,150	$1.33	3d	5	0.25mi
9696 Walnut St Dallas, TX	1.0–2.0	1.0–2.0	866	$1,150	$1.33	13d	5	0.25mi
9696 Walnut St Dallas, TX	1.0–2.0	1.0–2.0	866	$1,325	$1.53	24d	7	0.25mi
9837 Walnut St Dallas, TX	2.0	1.0–2.0	919	$1,248	$1.36	7d	2	0.26mi
9837 Walnut St Unit 103 Dallas, TX	2.0	1.0	808	$1,045	$1.29	7d	1	0.26mi
9601 Walnut St Dallas, TX	1.0	1.0	759	$1,075	$1.42	43d	2	0.27mi
9821 Walnut St Unit K203 Dallas, TX	2.0	2.0	894	$1,200	$1.34	43d	1	0.27mi
9621 Walnut St Unit 6106 Dallas, TX	1.0	1.0	876	$1,250	$1.43	43d	1	0.29mi
9855 Shadow Way Dallas, TX	2.0	1.0–2.0	760	$1,395	$1.83	3d	20	0.39mi
10000 Walnut St Dallas, TX	2.0	1.0–2.0	717	$1,426	$1.99	2d	23	0.42mi
12111 Audelia Rd Dallas, TX	1.0–2.0	1.0–2.0	862	$1,300	$1.51	1d	42	0.67mi
12121 Audelia Rd Dallas, TX	1.0–2.0	1.0–2.0	862	$1,450	$1.68	1d	41	0.73mi
540 Buckingham Rd Richardson, TX	1.0–3.0	1.0–2.0	964	$1,675	$1.74	2d	34	0.74mi
11991 Audelia Rd Dallas, TX	1.0–2.0	1.0–2.0	827	$1,315	$1.59	1d	36	0.75mi
4718 Bethany Dr Garland, TX	3.0	2.0	1236	$2,100	$1.70	11d	1	0.82mi
12027 Leisure Way Unit 12029 Dallas, TX	3.0	2.0	1492	$1,850	$1.24	24d	1	0.83mi
4614 Hanover Dr Garland, TX	3.0	1.0	1062	$1,699	$1.60	14d	1	0.83mi
4614 Hanover Dr Garland, TX	3.0	1.0	1062	$1,699	$1.60	24d	1	0.83mi
530 Buckingham Rd Richardson, TX	1.0–3.0	1.0–2.0	995	$1,872	$1.88	2d	24	0.84mi
9737 Forest Ln Dallas, TX	1.0–2.0	1.0–2.0	650	$1,100	$1.69	16d	30	0.89mi
12484 Abrams Rd #1724 Dallas, TX	2.0	2.0	1006	$1,500	$1.49	43d	1	0.92mi
9669 Forest Ln Dallas, TX	1.0–2.0	1.0–2.0	827	$1,380	$1.67	3d	36	0.93mi
430 Buckingham Rd Richardson, TX	1.0–2.0	1.0–2.0	917	$1,639	$1.79	1d	14	0.94mi
11825 Garden Terrace Dr Dallas, TX	3.0	2.0	1239	$1,816	$1.47	43d	1	0.94mi
4509 Huntington Dr Garland, TX	3.0	2.0	1281	$2,300	$1.80	43d	1	0.95mi
11821 Garden Terrace Dr Dallas, TX	3.0	2.0	1279	$1,875	$1.47	24d	1	0.95mi
12482 Abrams Rd #1327 Dallas, TX	2.0	2.0	959	$1,655	$1.73	3d	1	0.96mi
11813 Leisure Dr Dallas, TX	2.0	2.0	1156	$1,850	$1.60	43d	1	0.97mi
11815 Garden Terrace Dr Dallas, TX	3.0	2.0	1279	$1,849	$1.45	7d	1	0.97mi

HOA detail condo

• Monthly dues: $365 · $4,380/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 33 events

1. 2026-06-18
   days on market $59,000 Active 188 DOM
2. 2026-06-17
   days on market $59,000 Active 187 DOM
3. 2026-06-16
   days on market $59,000 Active 186 DOM
4. 2026-06-15
   days on market $59,000 Active 185 DOM
5. 2026-06-13
   days on market $59,000 Active 183 DOM
6. 2026-06-09
   days on market $59,000 Active 179 DOM
7. 2026-06-08
   days on market $59,000 Active 178 DOM
8. 2026-06-07
   days on market $59,000 Active 177 DOM
9. 2026-06-04
   days on market $59,000 Active 174 DOM
10. 2026-06-03
    days on market $59,000 Active 173 DOM
11. 2026-06-02
    days on market $59,000 Active 172 DOM
12. 2026-06-01
    days on market $59,000 Active 171 DOM
13. 2026-05-31
    days on market $59,000 Active 170 DOM
14. 2026-05-13
    price $59,000 354-char remark

    Show marketing remark (354 chars)

    Budget-friendly investor’s dream! This two-story condo offers 2 bedrooms and 2 baths with a smart, functional layout perfect for rental income or a starter home. Enjoy an open living space, private upstairs bedrooms, and low-maintenance living. With great value and strong investment potential, this condo is an excellent addition to any portfolio.

15. 2026-04-25
    price $69,000 354-char remark

    Show marketing remark (354 chars)

    Budget-friendly investor’s dream! This two-story condo offers 2 bedrooms and 2 baths with a smart, functional layout perfect for rental income or a starter home. Enjoy an open living space, private upstairs bedrooms, and low-maintenance living. With great value and strong investment potential, this condo is an excellent addition to any portfolio.

16. 2025-12-12
    listed $114,000 Active 354-char remark

    Show marketing remark (354 chars)

    Budget-friendly investor’s dream! This two-story condo offers 2 bedrooms and 2 baths with a smart, functional layout perfect for rental income or a starter home. Enjoy an open living space, private upstairs bedrooms, and low-maintenance living. With great value and strong investment potential, this condo is an excellent addition to any portfolio.

17. 2023-03-02
    soldstatus
18. 2023-03-01
    soldstatus Closed 296-char remark

    Show marketing remark (296 chars)

    Cute Condo 2 bedrooms, 2 bathrooms with outside enjoy the balcony. Vinyl flooring throughout the townhouse except the tiles at the wet area. And could be great for college students as it is minutes from Richardson. Great location and quiet neighborhood walking distance to shops and restaurants.

19. 2023-01-12
    status Pending 296-char remark

    Show marketing remark (296 chars)

    Cute Condo 2 bedrooms, 2 bathrooms with outside enjoy the balcony. Vinyl flooring throughout the townhouse except the tiles at the wet area. And could be great for college students as it is minutes from Richardson. Great location and quiet neighborhood walking distance to shops and restaurants.

20. 2023-01-03
    historical Active Option Contract 296-char remark

    Show marketing remark (296 chars)

    Cute Condo 2 bedrooms, 2 bathrooms with outside enjoy the balcony. Vinyl flooring throughout the townhouse except the tiles at the wet area. And could be great for college students as it is minutes from Richardson. Great location and quiet neighborhood walking distance to shops and restaurants.

21. 2022-12-12
    status Active 296-char remark

    Show marketing remark (296 chars)

    Cute Condo 2 bedrooms, 2 bathrooms with outside enjoy the balcony. Vinyl flooring throughout the townhouse except the tiles at the wet area. And could be great for college students as it is minutes from Richardson. Great location and quiet neighborhood walking distance to shops and restaurants.

22. 2022-10-20
    status Pending 296-char remark

    Show marketing remark (296 chars)

    Cute Condo 2 bedrooms, 2 bathrooms with outside enjoy the balcony. Vinyl flooring throughout the townhouse except the tiles at the wet area. And could be great for college students as it is minutes from Richardson. Great location and quiet neighborhood walking distance to shops and restaurants.

23. 2022-10-04
    historical Active Option Contract 296-char remark

    Show marketing remark (296 chars)

    Cute Condo 2 bedrooms, 2 bathrooms with outside enjoy the balcony. Vinyl flooring throughout the townhouse except the tiles at the wet area. And could be great for college students as it is minutes from Richardson. Great location and quiet neighborhood walking distance to shops and restaurants.

24. 2022-10-03
    status Active 296-char remark

    Show marketing remark (296 chars)

    Cute Condo 2 bedrooms, 2 bathrooms with outside enjoy the balcony. Vinyl flooring throughout the townhouse except the tiles at the wet area. And could be great for college students as it is minutes from Richardson. Great location and quiet neighborhood walking distance to shops and restaurants.

25. 2022-09-29
    historical Active Contingent 296-char remark

    Show marketing remark (296 chars)

    Cute Condo 2 bedrooms, 2 bathrooms with outside enjoy the balcony. Vinyl flooring throughout the townhouse except the tiles at the wet area. And could be great for college students as it is minutes from Richardson. Great location and quiet neighborhood walking distance to shops and restaurants.

26. 2022-09-02
    status Active 296-char remark

    Show marketing remark (296 chars)

    Cute Condo 2 bedrooms, 2 bathrooms with outside enjoy the balcony. Vinyl flooring throughout the townhouse except the tiles at the wet area. And could be great for college students as it is minutes from Richardson. Great location and quiet neighborhood walking distance to shops and restaurants.

27. 2022-08-31
    status Pending 296-char remark

    Show marketing remark (296 chars)

    Cute Condo 2 bedrooms, 2 bathrooms with outside enjoy the balcony. Vinyl flooring throughout the townhouse except the tiles at the wet area. And could be great for college students as it is minutes from Richardson. Great location and quiet neighborhood walking distance to shops and restaurants.

28. 2022-08-31
    status Active 296-char remark

    Show marketing remark (296 chars)

    Cute Condo 2 bedrooms, 2 bathrooms with outside enjoy the balcony. Vinyl flooring throughout the townhouse except the tiles at the wet area. And could be great for college students as it is minutes from Richardson. Great location and quiet neighborhood walking distance to shops and restaurants.

29. 2022-08-25
    status Pending 296-char remark

    Show marketing remark (296 chars)

    Cute Condo 2 bedrooms, 2 bathrooms with outside enjoy the balcony. Vinyl flooring throughout the townhouse except the tiles at the wet area. And could be great for college students as it is minutes from Richardson. Great location and quiet neighborhood walking distance to shops and restaurants.

30. 2022-08-02
    listed $110,000 Active 296-char remark

    Show marketing remark (296 chars)

    Cute Condo 2 bedrooms, 2 bathrooms with outside enjoy the balcony. Vinyl flooring throughout the townhouse except the tiles at the wet area. And could be great for college students as it is minutes from Richardson. Great location and quiet neighborhood walking distance to shops and restaurants.

31. 2022-02-21
    price $850
32. 2000-07-11
    soldstatus
33. 1990-12-14
    soldstatus

ⓘ 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: $2,652 · $221/mo
• Projected year-2 tax: $2,652 · $221/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Taxation est. · year 1

• Rental income: $16,020
• − Mortgage interest: −$3,305
• − Property taxes: −$2,652
• − Insurance: −$295
• − Repairs & maintenance: −$1,282
• − Management: −$1,282
• − HOA: −$4,380
• − Depreciation: −$1,716
• Taxable income: $1,109
• Est. tax owed @ 24.0%: −$266
• After-tax cash flow: $1,350/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: Richardson ISD
• NCES district ID: 4837020
• Math proficiency: 40% ▼ -14.00%
• Reading proficiency: 44% ▼ -6.00%
• Median HH income: $54,609
• Composite: 36.58/100
• National rank: #4633
• State rank: #316 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): 63,481
• Household income: $53,618
• Rent vs Own: 73.4% rent · 26.6% own
• Severe rent burden: 5970.0

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: Highly diverse neighborhood (Simpson 0.71)
• Race & ethnicity: Black 43% Hispanic / Latino 23% White 22% Two or more races 10% Asian 7%
• Hispanic origin (detail): Mexican 15%
• Common ancestry: Swiss 1% Slovak 1% Lithuanian 1%
• Foreign-born: 34% · Canada, Vietnam, South Korea
• Languages at home: 56% English-only · Spanish 21% 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: ▼ -203.08%
• Current HPI: 317.5287
• Rent YoY: ▼ -5.31%
• 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

-46.4% since first listed

20 events — show timeline

• 2026-05-13 Price Changed $59,000 NTREIS
• 2026-04-25 Price Changed $69,000 NTREIS
• 2025-12-12 Listed $114,000 NTREIS
• 2023-03-02 Sold (Public Records) — Public Records
• 2023-03-01 Sold (MLS) — NTREIS
• 2023-01-12 Pending — NTREIS
• 2023-01-03 Contingent — NTREIS
• 2022-12-12 Relisted — NTREIS
• 2022-10-20 Pending — NTREIS
• 2022-10-04 Contingent — NTREIS
• 2022-10-03 Relisted — NTREIS
• 2022-09-29 Contingent — NTREIS
• 2022-09-02 Relisted — NTREIS
• 2022-08-31 Pending — NTREIS
• 2022-08-31 Relisted — NTREIS
• 2022-08-25 Pending — NTREIS
• 2022-08-02 Listed $110,000 NTREIS
• 2022-02-21 Price Changed $850 RENT.
• 2000-07-11 Sold (Public Records) — Public Records
• 1990-12-14 Sold (Public Records) — Public Records

Property tax history

+7.0%/yr

Latest (2025): $2,652 · -0.2% YoY. Source: county tax records.