718 Edelweiss Dr · Grand Prairie, TX 75052

$160,000

3 bd · 2.0 ba · 1,527 sqft · SingleFamily public records · 5 Days on market

Built 1972 7,405 sqft lot Est $286k · 44% under

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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).

• Cash flow +19.9/30.0
• ARV discount +15.0/15.0
• 1% rule +7.8/10.0
• DSCR +6.3/10.0
• Livability +4.0/5.0
• Schools +2.8/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Affordable place to call home. 3 bed, 2 bath, 2 car rear entry garage. Updates galore! Fresh paint inside and out. Updated kitchen with new cabinets and countertops. BOTH bathrooms have been updated! In addition there is new carpet and updated vinyl plank flooring plus new energy efficient windows, recently updated HVAC and water heater and new 2 inch blinds throughout. The floorplan features a huge living area with WBFP and nice sized separate dining area.

Key facts

• New build
• Convenient access
• Shopping

Tags

• ESTABLISHED NEIGHBORHOOD
• CONVENIENT ACCESS
• MAJOR HIGHWAYS
• SHOPPING
• SCHOOLS
• NEW BUILD

Property features AI

Finance

• Financial info: No second mortgage reported; Listing under exclusive right to sell
• HOA & community: No homeowners association

Exterior

• Parking: Attached 2-car garage; 2 covered parking spaces; 2-car carport; Concrete parking surface
• Utilities: City sewer; City water; No municipal utility district
• Home design: Single-family residence (residential); Detached property; Built in 1972; One story
• Construction: Built in 1972
• Exterior features: Lot less than 0.5 acre; Lot area approximately 0.17 acres; Subdivision: Park Valley 02; Directions: From I-20, take exit for S Carrier Pkwy and head north. Turn right onto W Pioneer Pkwy, turn left onto S.E. 8th St. Turn right onto Edelweiss Dr. The property will be on your right.

Interior

• Kitchen: Appliances: Other
• Bedrooms: Primary bedroom (14 x 11) on main level; Bedroom (12 x 10) on main level; Bedroom (11 x 10) on main level
• Bathrooms: Two full bathrooms
• Interior features: One-level floor plan; Brick fireplace; Four total rooms with one living area and one dining area; Other interior features

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $160k.

Deal economics

• At list price, monthly cash flow is $192 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $160k).
• Cap rate 7.7% vs local median 3.6% in Grand Prairie — 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 80/100 on livability (#33 in TX, #1,660 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, cost of living A+, housing A+; Watch: commute F.
• Grand Prairie ISD (suburban): math 29% / reading 35% proficiency, ranked #572 of 826 in TX (top 69%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 63% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Ervin C Whitt El (math 17% / reading 32%, grade F, #3,052 of 4,322 statewide, top 74%, 511 students, 76% FRL).
• Market conditions: Rents flat; 287 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 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 $1k of loan paydown is wiped out by about $5k 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

• Only 5 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 16y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Watch-outs: property tax is 3.9% of price.
• 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 $160,000

Questions for the listing agent

1. Built in 1972 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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.
5. 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.
6. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.28% ✓
• Cap rate: 7.73%
• Cash-on-cash: 5.14%
• DSCR: 1.23
• GRM: 6.5

CMA / ARV

• ARV (on-the-fly): $285,549
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
718 Edelweiss Dr	0.00mi	3/2.0	1,527 (0%)	1mo	$160,000	$105	99
2933 Nueva Tierra St	0.42mi	3/2.0	1,556 (+2%)	5mo	$285,000	$183	73
518 Campfire Dr	0.29mi	3/2.0	1,411 (-8%)	7mo	$275,000	$195	68
617 Parkvale Ln	0.44mi	3/2.0	1,416 (-7%)	0mo	$316,000	$223	67
2909 Echo Dr	0.39mi	3/2.0	1,432 (-6%)	6mo	$330,000	$230	66
417 Kirby Creek Dr	0.72mi	3/2.0	1,538 (+1%)	2mo	$275,000	$179	63
321 Kirby Creek Dr	0.62mi	3/2.0	1,504 (-2%)	6mo	$294,000	$195	63
326 E Springdale Ln	0.68mi	3/2.0	1,516 (-1%)	6mo	$275,000	$181	62
330 W Grenoble Dr	0.69mi	3/2.0	1,496 (-2%)	4mo	$279,999	$187	61
725 Parkvale Ln	0.44mi	3/2.0	1,414 (-7%)	7mo	$260,000	$184	61
1313 S San Saba St	0.68mi	4/2.0 (+1)	1,544 (+1%)	5mo	$285,000	$185	57
310 E Springdale Ln	0.68mi	3/2.0	1,403 (-8%)	4mo	$275,000	$196	52

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 · 0.08% rent growth · sell at horizon

5-year hold

• IRR: -12.4%
• Equity multiple: 0.57×
• Total profit: $-19,317
• Equity at exit: $23,857

10-year hold

• IRR: -9.9%
• Equity multiple: 0.49×
• Total profit: $-22,756
• Equity at exit: $13,834

Cash invested: $44,800 (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 75052

• Home prices YoY: -26.3%
• Rents YoY: 0.1%
• Active inventory: 287
• Price-to-rent: 6.5×

Monthly cashflow live

• Estimated rent: $2,044 high
• Mortgage (P&I): −$839
• Tax from tax record: −$517 /mo · $6,208/yr
• Insurance: −$67
• HOA: −$0
• Vacancy / Maint / Mgmt: −$429
• Net cashflow: $192

Break-even live

Break-even rent $1,801

Max offer price $160,000

Occupancy floor 86%

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: $40,000
• Closing costs: $4,800
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
36 W Creek Ln Grand Prairie, TX	2.0	1.5	1136	$1,500	$1.32	24d	1	0.32mi
57 W Townhouse Ln #18 Grand Prairie, TX	3.0	2.5	1452	$1,900	$1.31	43d	1	0.34mi
409 S Holiday Dr Grand Prairie, TX	3.0	2.0	1264	$2,000	$1.58	43d	1	0.38mi
2902 S Belt Line Rd Grand Prairie, TX	1.0–2.0	1.0–2.0	955	$2,400	$2.51	4d	10	0.40mi
2902 S Belt Line Rd Grand Prairie, TX	1.0–2.0	1.0–2.0	955	$2,400	$2.51	43d	9	0.40mi
42 W Mountain Creek Dr Unit 3 Grand Prairie, TX	3.0	3.0	1584	$3,400	$2.15	1d	1	0.42mi
26 E Mountain Creek Dr Grand Prairie, TX	2.0	2.5	1330	$1,600	$1.20	43d	1	0.50mi
66 E Mountain Creek Dr Grand Prairie, TX	3.0	2.0	1280	$1,850	$1.45	2d	1	0.52mi
26 E Townhouse Ln #31 Grand Prairie, TX	2.0	2.0	1072	$1,790	$1.67	3d	1	0.60mi
3045 Navarro Ln Grand Prairie, TX	3.0	2.0	1202	$1,800	$1.50	18d	1	0.61mi
3048 Navarro Ln Grand Prairie, TX	2.0	2.0	1088	$1,750	$1.61	3d	1	0.63mi
3042 Navarro Ln Grand Prairie, TX	2.0	2.0	1121	$1,595	$1.42	43d	1	0.65mi
338 Beatty Dr Grand Prairie, TX	3.0	2.0	1298	$1,895	$1.46	24d	1	0.66mi
2604 Nina Cir Grand Prairie, TX	3.0	2.0	1125	$1,850	$1.64	43d	1	0.69mi
2641 Santa Barbara Dr Grand Prairie, TX	3.0	1.5	1203	$1,525	$1.27	43d	1	0.74mi
2623 Nina Cir Grand Prairie, TX	3.0	2.0	1472	$1,750	$1.19	7d	1	0.74mi
2632 Pinta Cir Grand Prairie, TX	3.0	1.5	1255	$1,595	$1.27	12d	1	0.77mi
2632 Pinta Cir Grand Prairie, TX	3.0	1.5	1255	$1,595	$1.27	20d	1	0.77mi
2617 Isbella Dr Grand Prairie, TX	3.0	1.5	1255	$1,750	$1.39	24d	1	0.77mi
2602 Pinta Cir Grand Prairie, TX	3.0	2.5	1255	$1,799	$1.43	43d	1	0.81mi
1016 Baja Dr Grand Prairie, TX	3.0	2.0	1482	$2,200	$1.48	43d	1	0.84mi
501 Oak Ridge Pl Grand Prairie, TX	3.0	2.0	1335	$1,949	$1.46	24d	1	0.85mi
418 David Dr Grand Prairie, TX	3.0	2.0	1437	$2,029	$1.41	16d	1	0.87mi
505 David Dr Grand Prairie, TX	3.0	2.0	1314	$1,915	$1.46	12d	1	0.92mi
505 David Dr Grand Prairie, TX	3.0	2.0	1314	$1,915	$1.46	20d	1	0.92mi
2801 W Springdale Cir Grand Prairie, TX	3.0	1.5	1300	$1,925	$1.48	2d	1	0.97mi
405 Hawthorne Ln Grand Prairie, TX	3.0	2.0	1446	$2,206	$1.53	43d	1	0.99mi
3401 Glenda Dr Grand Prairie, TX	3.0	2.0	1554	$2,206	$1.42	43d	1	1.17mi
1338 Winding Hollow Dr Grand Prairie, TX	3.0	2.0	1952	$2,850	$1.46	43d	1	1.24mi
819 Over Ridge Dr Grand Prairie, TX	4.0	2.5	2046	$2,500	$1.22	20d	1	1.25mi
232 Michelle Dr Grand Prairie, TX	2.0	2.0	1286	$2,000	$1.56	43d	1	1.28mi
738 Hawthorne Ln Grand Prairie, TX	3.0	2.0	1736	$2,325	$1.34	7d	1	1.30mi
3930 Westcliff Rd Unit 1228618P Grand Prairie, TX	1.0–2.0	1.0–2.0	6861	$5,024	$0.73	1d	2	1.32mi
3950 Dechman Dr Grand Prairie, TX	1.0–2.0	1.0–2.0	885	$2,225	$2.51	2d	22	1.32mi
3112 Fairfield Dr Grand Prairie, TX	3.0	2.0	1211	$2,200	$1.82	7d	1	1.33mi
729 Cranbrook Ln Grand Prairie, TX	4.0	2.0	1600	$2,175	$1.36	11d	1	1.34mi
3951 Dechman Dr Grand Prairie, TX	1.0–3.0	1.0–2.0	1130	$2,514	$2.22	43d	11	1.34mi
2133 Sheriff Dr Grand Prairie, TX	3.0	2.0	1829	$2,241	$1.23	7d	1	1.35mi
602 W Pioneer Pkwy Grand Prairie, TX	1.0–3.0	1.0–2.0	865	$1,786	$2.06	2d	36	1.35mi
618 Thornwood Trl Grand Prairie, TX	4.0	2.0	1803	$2,465	$1.37	2d	1	1.42mi

Listing history 14 events

1. 2026-05-13
   status Pending
2. 2026-05-07
   listed $160,000 Active
3. 2018-12-27
   soldstatus
4. 2018-12-19
   soldstatus Sold 462-char remark

   Show marketing remark (462 chars)

   Affordable place to call home. 3 bed, 2 bath, 2 car rear entry garage. Updates galore! Fresh paint inside and out. Updated kitchen with new cabinets and countertops. BOTH bathrooms have been updated! In addition there is new carpet and updated vinyl plank flooring plus new energy efficient windows, recently updated HVAC and water heater and new 2 inch blinds throughout. The floorplan features a huge living area with WBFP and nice sized separate dining area.

5. 2018-11-26
   status Pending 462-char remark

   Show marketing remark (462 chars)

   Affordable place to call home. 3 bed, 2 bath, 2 car rear entry garage. Updates galore! Fresh paint inside and out. Updated kitchen with new cabinets and countertops. BOTH bathrooms have been updated! In addition there is new carpet and updated vinyl plank flooring plus new energy efficient windows, recently updated HVAC and water heater and new 2 inch blinds throughout. The floorplan features a huge living area with WBFP and nice sized separate dining area.

6. 2018-11-19
   historical Active Option Contract 462-char remark

   Show marketing remark (462 chars)

   Affordable place to call home. 3 bed, 2 bath, 2 car rear entry garage. Updates galore! Fresh paint inside and out. Updated kitchen with new cabinets and countertops. BOTH bathrooms have been updated! In addition there is new carpet and updated vinyl plank flooring plus new energy efficient windows, recently updated HVAC and water heater and new 2 inch blinds throughout. The floorplan features a huge living area with WBFP and nice sized separate dining area.

7. 2018-10-30
   listed $184,673 Active 462-char remark

   Show marketing remark (462 chars)

   Affordable place to call home. 3 bed, 2 bath, 2 car rear entry garage. Updates galore! Fresh paint inside and out. Updated kitchen with new cabinets and countertops. BOTH bathrooms have been updated! In addition there is new carpet and updated vinyl plank flooring plus new energy efficient windows, recently updated HVAC and water heater and new 2 inch blinds throughout. The floorplan features a huge living area with WBFP and nice sized separate dining area.

8. 2010-10-18
   soldstatus
9. 2010-10-15
   soldstatus 94-char remark

   Show marketing remark (94 chars)

   Investors dream. Tenant occupied at $1,000 per month until December 31, 2011. Open floorplan.

10. 2010-07-22
    historical 94-char remark

    Show marketing remark (94 chars)

    Investors dream. Tenant occupied at $1,000 per month until December 31, 2011. Open floorplan.

11. 2010-07-09
    listed $59,900 94-char remark

    Show marketing remark (94 chars)

    Investors dream. Tenant occupied at $1,000 per month until December 31, 2011. Open floorplan.

12. 2008-04-21
    soldstatus
13. 1991-11-25
    soldstatus
14. 1986-07-25
    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: $6,208 · $517/mo
• Projected year-2 tax: $6,208 · $517/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 3/10 Moderate
• 🌡 Heat 7/10 Severe 7 d/yr ≥110°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 · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $24,530
• − Mortgage interest: −$8,962
• − Property taxes: −$6,208
• − Insurance: −$800
• − Repairs & maintenance: −$1,962
• − Management: −$1,962
• − Depreciation: −$4,655
• Taxable loss: −$19
• Est. tax savings @ 24.0%: +$5
• After-tax cash flow: $2,307/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: Grand Prairie ISD
• NCES district ID: 4821420
• Math proficiency: 29% ▼ -21.00%
• Reading proficiency: 35% ▼ -8.00%
• Median HH income: $51,094
• Composite: 27.95/100
• National rank: #6861
• State rank: #572 of 826 in TX

Livability — Grand Prairie

• Score: 80/100
• State rank: #33
• US rank: #1660

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Grand Prairie, TX
• County: Dallas County · 2,612,404 people
• City population: 201,439
• Metro: Dallas-Fort Worth-Arlington, TX
• Population (ZIP): 97,278
• Household income: $89,301
• Rent vs Own: 35.4% rent · 64.6% own
• Severe rent burden: 3118.0

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: Hispanic / Latino 39% Black 29% White 19% Two or more races 16% Asian 9%
• Hispanic origin (detail): Mexican 31% Puerto Rican 1%
• Common ancestry: Slovak 1% Lithuanian 1% Italian 1%
• Foreign-born: 21% · Canada, Vietnam, China
• Languages at home: 62% English-only · Spanish 27% Vietnamese 4% Chinese 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: ▼ -103.08%
• Current HPI: 289.3711
• Rent YoY: ▲ 0.08%
• 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

+167.1% since first listed

14 events — show timeline

• 2026-05-13 Pending — NTREIS
• 2026-05-07 Listed $160,000 NTREIS
• 2018-12-27 Sold (Public Records) — Public Records
• 2018-12-19 Sold (MLS) — NTREIS
• 2018-11-26 Pending — NTREIS
• 2018-11-19 Contingent — NTREIS
• 2018-10-30 Listed $184,673 NTREIS
• 2010-10-18 Sold (Public Records) — Public Records
• 2010-10-15 Sold (MLS) — NTREIS
• 2010-07-22 Listing Removed — NTREIS
• 2010-07-09 Listed $59,900 NTREIS
• 2008-04-21 Sold (Public Records) — Public Records
• 1991-11-25 Sold (Public Records) — Public Records
• 1986-07-25 Sold (Public Records) — Public Records

Property tax history

+6.1%/yr

Latest (2025): $6,208 · +0.3% YoY. Source: county tax records.