4460 Chaha Rd #201 · Garland, TX 75043

$124,000

1 bd · 1.0 ba · 670 sqft · Condo · 169 Days on market

Built 1981 Good condition $185/sqft · 40% below area Est $206k · 40% under · waterfront $230/mo HOA · 22% of rent ↓ 4% since listing

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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
• Cash flow +5.6/30.0
• Condition / age +4.0/5.0
• Livability +3.7/5.0
• 1% rule +3.4/10.0
• Schools +3.3/10.0
• Rent growth +2.6/5.0
• DSCR +0.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Beautiful updated 1-bed, 1-bath end unit situated in the gated Faulkner Point community just off I-30 and steps from Lake Ray Hubbard. This home boasts luxury vinyl plank flooring, contemporary light fixtures, and a fresh neutral paint palette throughout that enhances the open layout and abundant natural light. The eat-in kitchen has been tastefully updated with granite countertops, white shaker cabinetry, and stainless-steel appliances, making it both stylish and functional. Step outside to your oversized covered patio, complete with an extra storage closet — great for outdoor lounging or grilling.The bathroom features modern fixtures, a new vanity, and a refreshed shower-tub combination. Great rental potential or move-in ready residence with just about 16 miles to downtown Dallas. . SCHEDULE IN ADVANCE. (available for showings May 15 -11am to 4pm) All the furniture and decor items are negotiable.

Key facts

• Gated community
• Updated kitchen
• In ground pool

Tags

• GATED COMMUNITY
• UPDATED KITCHEN
• OVERSIZED COVERED PATIO
• WOOD BURNING FIREPLACE
• IN GROUND POOL
• WALKING TRAILS

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $124k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $-260 ($-3k/yr) — negative.
• To cash-flow at today's rent, offer at most $86k (30.4% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $105k (15.6% below list).
• Recommended offer: $86k (30.4% below list) — sets the bar for cash-flow.

Location & tenants

• Location reads 74/100 on livability (#165 in TX, #4,447 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, housing A+, cost of living A-; Watch: amenities C-, health & safety F.
• Garland ISD (suburban): math 27% / reading 37% proficiency, ranked #553 of 826 in TX (top 67%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Daugherty El (math 22% / reading 29%, grade F, #2,982 of 4,322 statewide, top 70%, 810 students, 94% FRL); B G Hudson Middle (math 33% / reading 42%, grade F, #736 of 1,662 statewide, top 45%, 1,207 students, 50% FRL); Sachse H S (math 46% / reading 53%, grade D, #509 of 1,632 statewide, top 34%, 2,997 students, 43% FRL).
• Market conditions: Rents flat; 486 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 23d 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).
• This rent is only 16% of the median local income ($77k/yr) — well below the 30% rent-burden line; pricing power to push rent on renewal without tenant pushback.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $857 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 169 days — a 12% lower offer ($109k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: HOA is 22% of rent.
• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→25/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $86,352 (30.4% 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 169 days. Have you received any prior offers? Is the seller open to a 30% 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. 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. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
8. 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?
9. This sits on a lake — are riparian / water-frontage rights deeded with the parcel? Any dock permits, shoreline easements, or HOA water-use restrictions?
10. What's the documented flood / surge / shoreline-erosion history here (FEMA AND non-FEMA — e.g., storm surge, creek backup, septic-field saturation)?
11. Any water-quality or seasonal algae-bloom issues that affect tenant satisfaction or short-term-rental demand?
12. 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.
13. 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.
14. 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: 0.84% ✗
• Cap rate: 3.78%
• Cash-on-cash: -8.99%
• DSCR: 0.60
• GRM: 9.9

CMA / ARV

• ARV (median comp): $205,793
• List price: $124,000
• Delta: -39.75%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 0.47% rent growth · sell at horizon

5-year hold

• IRR: -36.0%
• Equity multiple: -0.13×
• Total profit: $-39,105
• Equity at exit: $18,489

10-year hold

• IRR: -75.7%
• Equity multiple: -0.87×
• Total profit: $-64,887
• Equity at exit: $10,721

Cash invested: $34,720 (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 →

Active competition Active MLS

• For sale now: 0 active · 2 under contract

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

ZIP-level market 75043

• Home prices YoY: -33.4%
• Rents YoY: 0.5%
• Active inventory: 486
• Price-to-rent: 9.9×

Monthly cashflow live

• Estimated rent: $1,047 high
• Mortgage (P&I): −$650
• Tax est. 1.5%: −$155 /mo · $1,860/yr
• Insurance: −$52
• HOA: −$230
• Vacancy / Maint / Mgmt: −$220
• Net cashflow: $-260

Break-even live

Break-even rent $1,376

Max offer price $86,352

Occupancy floor —

Sensitivity live

Price	-10% $-174	-5% $-217	+0% $-260	+5% $-303	+10% $-346
Rent	-10% $-343	-5% $-302	+0% $-260	+5% $-219	+10% $-178
Rate	-1.0pp $-198	-0.5pp $-229	base $-260	+0.5pp $-292	+1.0pp $-325

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: $31,000
• Closing costs: $3,720
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
6141 Bay Island Dr Unit 119 Garland, TX	1.0	1.0	683	$910	$1.33	23d	1	0.06mi
6127 Bay Island Dr Garland, TX	1.0	1.0	675	$890	$1.32	17d	1	0.06mi
4416 Chaha Rd #201 Garland, TX	1.0	1.0	664	$1,070	$1.61	93d	1	0.10mi
4605 Chaha Rd Garland, TX	3.0	1.0–3.0	1247	$1,341	$1.07	39d	41	0.11mi
4412 Chaha Rd Garland, TX	1.0–2.0	1.0	802	$1,097	$1.37	9d	2	0.11mi
4420 Chaha Rd Garland, TX	1.0–2.0	1.0–2.0	734	$1,150	$1.57	64d	2	0.12mi
4552 Chaha Rd Garland, TX	1.0–2.0	1.0–2.0	806	$1,400	$1.74	17d	2	0.12mi
4610 Chaha Rd Unit 206 Garland, TX	1.0	1.0	626	$995	$1.59	36d	1	0.14mi
4623 Chaha Rd Garland, TX	1.0	1.0	675	$890	$1.32	17d	1	0.14mi
4602 Chaha Rd #202 Garland, TX	1.0	1.0	717	$999	$1.39	0d	1	0.15mi
4376 Point Blvd Garland, TX	1.0	1.0	675	$890	$1.32	17d	1	0.16mi
6010 Marvin Loving Dr #101 Garland, TX	1.0	1.0	740	$1,295	$1.75	57d	1	0.16mi
4637 Chaha Rd Unit 119 Garland, TX	1.0	1.0	683	$910	$1.33	23d	1	0.16mi
4605 Chaha Rd Unit 4626 Garland, TX	1.0	1.0	726	$857	$1.18	25d	1	0.17mi
4605 Chaha Rd Unit 107 Garland, TX	1.0	1.0	726	$857	$1.18	0d	1	0.17mi
4605 Chaha Rd Unit 4647 Garland, TX	1.0	1.0	495	$867	$1.75	25d	1	0.17mi
4410 Point Blvd Unit 125 Garland, TX	1.0	1.0	744	$1,100	$1.48	93d	1	0.20mi
4410 Point Blvd Unit 1 Garland, TX	1.0	1.0	688	$950	$1.38	93d	1	0.20mi
4410 Point Blvd Unit 2 Garland, TX	2.0	1.0	744	$1,300	$1.75	93d	1	0.20mi
4390 Point Blvd Unit 119 Garland, TX	1.0	1.0	683	$910	$1.33	23d	1	0.20mi
4358 Point Blvd Garland, TX	1.0–2.0	1.0–2.0	895	$735	$0.82	38d	19	0.20mi
4358 Point Blvd Unit 4400 Garland, TX	1.0	1.0	677	$819	$1.21	24d	1	0.21mi
4358 Point Blvd Unit 107 Garland, TX	1.0	1.0	677	$906	$1.34	0d	1	0.21mi
4358 Point Blvd Unit 121 Garland, TX	1.0	1.0	677	$860	$1.27	24d	1	0.21mi
4358 Point Blvd Unit 121 Garland, TX	1.0	1.0	677	$819	$1.21	25d	1	0.21mi
4351 Point Blvd Garland, TX	1.0–2.0	1.0–2.0	901	$930	$1.03	0d	14	0.24mi
4369 Point Blvd Garland, TX	1.0	1.0	675	$890	$1.32	17d	1	0.25mi
5821 Marvin Loving Dr #105 Garland, TX	1.0	1.0	741	$1,250	$1.69	4d	1	0.30mi
5825 Marvin Loving Dr #205 Garland, TX	1.0	1.0	741	$1,450	$1.96	93d	1	0.30mi
5825 Marvin Loving Dr #202 Garland, TX	2.0	1.0	669	$1,400	$2.09	1d	1	0.30mi
4288 Bass Pro Dr Garland, TX	1.0–2.0	1.0–2.0	858	$1,200	$1.40	3d	3	0.33mi
5751 Marvin Loving Dr Garland, TX	1.0–2.0	1.0–2.0	797	$1,250	$1.57	38d	48	0.37mi
5751 Marvin Loving Dr Garland, TX	1.0–2.0	1.0–2.0	797	$1,250	$1.57	71d	48	0.37mi
3102 Zion Rd Garland, TX	1.0	1.0	625	$855	$1.37	93d	1	0.45mi
5638 Marina Dr #22 Garland, TX	1.0	1.0	510	$1,000	$1.96	38d	1	0.66mi
4901 Peninsula Way Garland, TX	1.0–3.0	1.0–2.0	978	$1,371	$1.40	0d	28	0.77mi
4919 Peninsula Way Garland, TX	1.0	1.0	675	$890	$1.32	17d	1	0.77mi
5013 Peninsula Way Garland, TX	1.0–3.0	1.0–2.0	1265	$1,077	$0.85	0d	9	0.80mi
5031 Peninsula Way Garland, TX	1.0	1.0	675	$890	$1.32	17d	1	0.80mi
5045 Peninsula Way Unit 119 Garland, TX	1.0	1.0	683	$910	$1.33	23d	1	0.81mi

HOA detail $230/mo · $2,760/yr condo

• Likely covers: security
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 50 events

1. 2026-08-08
   days on market $124,000 Active 169 DOM
2. 2026-08-06
   days on market $124,000 Active 167 DOM
3. 2026-08-05
   days on market $124,000 Active 166 DOM
4. 2026-08-04
   days on market $124,000 Active 165 DOM
5. 2026-08-03
   days on market $124,000 Active 164 DOM
6. 2026-07-31
   days on market $124,000 Active 161 DOM
7. 2026-07-30
   days on market $124,000 Active 159 DOM
8. 2026-07-28
   days on market $124,000 Active 158 DOM
9. 2026-07-26
   days on market $124,000 Active 156 DOM
10. 2026-07-24
    days on market $124,000 Active 154 DOM
11. 2026-07-23
    remarks 699-char remark
12. 2026-07-23
    days on market $124,000 Active 153 DOM
13. 2026-07-22
    days on market $124,000 Active 152 DOM
14. 2026-07-21
    pricedays on market $124,000 Active 151 DOM
15. 2026-07-20
    days on market $129,000 Active 150 DOM
16. 2026-07-18
    days on market $129,000 Active 148 DOM
17. 2026-07-18
    days on market $129,000 Active 147 DOM
18. 2026-07-16
    days on market $129,000 Active 146 DOM
19. 2026-07-15
    days on market $129,000 Active 145 DOM
20. 2026-07-14
    days on market $129,000 Active 144 DOM
21. 2026-07-13
    days on market $129,000 Active 143 DOM
22. 2026-07-13
    days on market $129,000 Active 142 DOM
23. 2026-07-11
    days on market $129,000 Active 141 DOM
24. 2026-07-10
    days on market $129,000 Active 140 DOM
25. 2026-07-09
    days on market $129,000 Active 139 DOM
26. 2026-07-07
    days on market $129,000 Active 137 DOM
27. 2026-07-06
    days on market $129,000 Active 136 DOM
28. 2026-07-06
    days on market $129,000 Active 135 DOM
29. 2026-07-05
    days on market $129,000 Active 134 DOM
30. 2026-07-03
    days on market $129,000 Active 133 DOM
31. 2026-07-02
    days on market $129,000 Active 132 DOM
32. 2026-07-01
    days on market $129,000 Active 131 DOM
33. 2026-06-30
    days on market $129,000 Active 130 DOM
34. 2026-06-29
    days on market $129,000 Active 129 DOM
35. 2026-06-28
    days on market $129,000 Active 128 DOM
36. 2026-06-27
    days on market $129,000 Active 127 DOM
37. 2026-06-26
    days on market $129,000 Active 126 DOM
38. 2026-06-24
    days on market $129,000 Active 124 DOM
39. 2026-06-22
    days on market $129,000 Active 122 DOM
40. 2026-06-21
    pricedays on market $129,000 Active 121 DOM
41. 2026-06-18
    days on market $132,900 Active 118 DOM
42. 2026-06-17
    days on market $132,900 Active 117 DOM
43. 2026-06-16
    days on market $132,900 Active 116 DOM
44. 2026-06-15
    days on market $132,900 Active 115 DOM
45. 2026-06-13
    days on market $132,900 Active 113 DOM
46. 2026-06-09
    days on market $132,900 Active 109 DOM
47. 2026-06-08
    days on market $132,900 Active 108 DOM
48. 2026-06-07
    days on market $132,900 Active 107 DOM
49. 2026-06-04
    days on market $132,900 Active 104 DOM
50. 2026-06-03
    days on market $132,900 Active 103 DOM

ⓘ 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 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 8/10 Severe 7 d/yr ≥110°F today · 25 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $12,558
• − Mortgage interest: −$6,946
• − Property taxes: −$1,860
• − Insurance: −$620
• − Repairs & maintenance: −$1,005
• − Management: −$1,005
• − HOA: −$2,760
• − Depreciation: −$3,607
• Taxable loss: −$5,244
• Est. tax savings @ 24.0%: +$1,259
• After-tax cash flow: $-1,864/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 · 1 photo

Good 80/100 Cosmetic rehab Est. rehab $3,350–$10,050 screening

This updated 1-bed, 1-bath condo in Faulkner Point is in good condition with minimal repairs needed. It offers luxury vinyl plank flooring, contemporary light fixtures, and a fresh paint palette, making it both stylish and functional. The large covered patio with storage adds to its appeal.

Value-add opportunities

• Both Paint exterior siding — Enhances curb appeal and can increase value ↑
• Resale Replace ceiling fan blades — Improves aesthetics and functionality ↑
• Both Install smart home devices — Enhances convenience and can increase 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.

F Composite school gradezoned avg 33/100

Zoned Schools

Elementary Couch Collegiate Prep El Middle Coyle Middle F TX #1,200/1,662 Nat'l #9,979/14,009 High Lakeview Centennial H S F TX #821/1,632 Nat'l #8,293/17,239

Schools (NCES district)

• District: Garland ISD
• NCES district ID: 4820340
• Math proficiency: 27% ▼ -23.00%
• Reading proficiency: 37% ▼ -10.00%
• Median HH income: $58,392
• Composite: 28.63/100
• National rank: #6706
• State rank: #553 of 826 in TX

B Composite livability gradescore 74/100

Livability — Garland

• Score: 74/100
• State rank: #165
• US rank: #4447

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Garland, TX
• County: Dallas County · 2,979,839 people
• City population: 246,342
• Metro: Dallas-Fort Worth-Arlington, TX
• Population (ZIP): 63,152
• Household income: $76,778
• Rent vs Own: 37.8% rent · 62.2% own
• Severe rent burden: 13% of renters

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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%

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Race, ethnicity, and origin ACS 2023

• Neighborhood character: Highly diverse neighborhood (Simpson 0.73)
• Race & ethnicity: Hispanic / Latino 37% White 30% Two or more races 23% Black 21% Asian 8%
• Hispanic origin (detail): Mexican 29%
• Common ancestry: Slovak 1% Portuguese 1% Lithuanian 1%
• Foreign-born: 24% · Canada, Vietnam
• Languages at home: 60% English-only · Spanish 31% Other Asian/Pacific 2% Vietnamese 2%

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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: ▼ -148.30%
• Current HPI: 295.5641
• Rent YoY: ▲ 0.47%
• Metro: Dallas-Fort Worth-Arlington, TX
• State GDP YoY: ▲ 3.95%
• F500 in state: 110

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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

-3.6% since first listed

3 events — show timeline

• 2026-04-14 Price Changed $134,900 NTREIS
• 2026-03-28 Price Changed $137,000 NTREIS
• 2026-02-20 Listed $140,000 NTREIS