6525 Palm Island St · Dallas, TX 75241

$160,000

4 bd · 2.0 ba · 1,790 sqft · SingleFamily public records · 57 Days on market

Built 1972 7,536 sqft lot $89/sqft · 45% below area Est $293k · 45% under

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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 +25.9/30.0
• ARV discount +15.0/15.0
• 1% rule +9.0/10.0
• DSCR +8.7/10.0
• Livability +4.0/5.0
• Schools +2.8/10.0
• Condition / age +2.5/5.0
• Rent growth +1.8/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Highest & Best DUE 05.04.2026 01:00 PM CST INVESTOR SPECIAL!!! Sitting on a spacious corner lot, this hard-to-find brick home is in need of repairs but has great potential and priced to sell quickly! Great floor plan with 4 bedrooms, 2 bathrooms offers 1,790 sq ft of living space! The home also features a good-sized backyard, ideal for weekend BBQs or relaxing evenings outdoors. Located just minutes from major freeways, this home offers easy access to everything Dallas has to offer. With some TLC this home will be ideal for a growing family. This home is being Sold AS-IS and all measurements are approximate. Buyer's and buyer's agent to verify all information.

Key facts

• Spacious corner lot
• Good sized backyard
• 7,536 sq ft lot

Tags

• SPACIOUS CORNER LOT
• GOOD SIZED BACKYARD
• EASY ACCESS TO FREEWAYS

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $160k.

Deal economics

• At list price, monthly cash flow is $392 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $160k).
• Recommended offer: $155k (3.0% below list) — sets the bar for market timing.
• Cap rate 9.2% 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.
• 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 soft (-2.8%/yr); 207 active listings in the ZIP; 19 comparable units currently listed for rent nearby; rentals at typical pace (median 18d on market — plan ~3-4 weeks tenant-placement turnaround); 12,577 units permitted in Dallas County in 2024 (6,829 in 5+ unit buildings).
• At $2,245/mo this rent would consume 50% of the median local household income ($54k/yr) (locally 1076% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

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

• It's been on market 57 days — a 3% lower offer ($155k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 8y 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 3.6% of price.
• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $155,200 (3.0% below list)

Questions for the listing agent

1. It's been on market 57 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1972 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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.
7. 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.
8. 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: 1.40% ✓
• Cap rate: 9.23%
• Cash-on-cash: 10.50%
• DSCR: 1.47
• GRM: 5.9

CMA / ARV

• ARV (median comp): $293,302
• List price: $160,000
• Delta: -45.45%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
6323 Racer Summit Dr	0.37mi	4/2.5	1,772 (-1%)	2mo	$338,900	$191	78
6306 Crosswood Ln	0.46mi	4/2.5	1,772 (-1%)	6mo	$346,900	$196	70
4252 Possumhaw Dr	0.18mi	4/2.5	2,054 (+15%)	2mo	$362,900	$177	64
4031 Mehalia Dr	0.49mi	4/2.0	1,938 (+8%)	2mo	$270,000	$139	62
4214 Sweet Fennel Dr	0.28mi	3/2.5 (-1)	1,627 (-9%)	6mo	$303,900	$187	60
6556 Crosswood Ln	0.39mi	3/2.5 (-1)	1,627 (-9%)	6mo	$303,900	$187	55
3617 Tioga St	0.60mi	4/2.0	1,600 (-11%)	3mo	$275,000	$172	52
6330 Crosswood Ln	0.41mi	4/2.5	2,054 (+15%)	5mo	$359,900	$175	50
6313 Crosswood Ln	0.42mi	4/2.5	2,054 (+15%)	6mo	$351,900	$171	49
4245 Lava Forest Dr	0.53mi	4/2.5	2,054 (+15%)	2mo	$355,900	$173	47
4111 Lava Forest Dr	0.49mi	4/2.5	2,054 (+15%)	6mo	$349,900	$170	45
3606 Judge Dupree Dr	0.66mi	4/1.5	1,523 (-15%)	3mo	$179,000	$118	40

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 · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -4.5%
• Equity multiple: 0.84×
• Total profit: $-7,329
• Equity at exit: $23,857

10-year hold

• IRR: 0.4%
• Equity multiple: 1.03×
• Total profit: $1,173
• 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 75241

• Home prices YoY: -16.9%
• Rents YoY: -2.8%
• Active inventory: 207
• Price-to-rent: 5.9×

Monthly cashflow live

• Estimated rent: $2,245 high
• Mortgage (P&I): −$839
• Tax from tax record: −$476 /mo · $5,713/yr
• Insurance: −$67
• HOA: −$0
• Vacancy / Maint / Mgmt: −$472
• Net cashflow: $392

Break-even live

Break-even rent $1,749

Max offer price $160,000

Occupancy floor 78%

Sensitivity live

Price	-10% $483	-5% $437	+0% $392	+5% $347	+10% $302
Rent	-10% $215	-5% $303	+0% $392	+5% $481	+10% $570
Rate	-1.0pp $473	-0.5pp $433	base $392	+0.5pp $351	+1.0pp $308

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 19 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4136 Sweet Fennel Dr Dallas, TX	5.0	2.5	2505	$2,670	$1.07	8d	1	0.29mi
6319 Crosswood Ln Dallas, TX	3.0	2.0	1316	$2,060	$1.57	21d	1	0.43mi
6115 Flagstaff Dr Dallas, TX	3.0	1.5	1522	$1,696	$1.11	8d	1	0.58mi
4281 Lava Forest Dr Dallas, TX	3.0–5.0	2.0–2.5	1840	$2,300	$1.25	2d	1	0.58mi
3623 Softcloud Dr Dallas, TX	3.0	2.0	1477	$1,910	$1.29	44d	1	0.61mi
3522 Tioga St Dallas, TX	4.0	3.0	1438	$2,095	$1.46	0d	1	0.77mi
3522 Tioga St Dallas, TX	4.0	3.0	1438	$2,095	$1.46	4d	1	0.77mi
6654 Cool Morn Dr Dallas, TX	3.0	2.0	1446	$2,300	$1.59	44d	1	0.78mi
6520 Warm Moon Ln Dallas, TX	4.0	2.0	1237	$1,995	$1.61	4d	1	1.01mi
3806 Castle Hills Dr Dallas, TX	4.0	2.0	1422	$1,900	$1.34	17d	1	1.05mi
6152 Balcony Ln Dallas, TX	4.0	2.5	1670	$1,800	$1.08	18d	1	1.11mi
6233 Balcony Ln Dallas, TX	3.0	2.0	2080	$2,395	$1.15	44d	1	1.12mi
6233 Balcony Ln Dallas, TX	5.0	3.0	2080	$2,695	$1.30	22d	1	1.12mi
6213 Balcony Ln Dallas, TX	5.0	3.0	2100	$2,675	$1.27	25d	1	1.13mi
3325 Tioga St Dallas, TX	3.0	2.5	2308	$1,995	$0.86	15d	1	1.13mi
3131 Simpson Stuart Rd Dallas, TX	1.0–3.0	1.0–2.0	1024	$1,694	$1.65	0d	31	1.16mi
5761 Highland Hills Dr Dallas, TX	1.0–3.0	1.0–2.0	1040	$1,749	$1.68	4d	7	1.20mi
3528 Keyridge Dr Dallas, TX	3.0	2.0	1362	$1,795	$1.32	21d	1	1.29mi
3015 Flask Dr Dallas, TX	3.0	2.0	1267	$1,875	$1.48	44d	1	1.35mi

Listing history 27 events

1. 2026-06-18
   days on market $160,000 Active 57 DOM
2. 2026-06-17
   days on market $160,000 Active 56 DOM
3. 2026-06-16
   days on market $160,000 Active 55 DOM
4. 2026-06-15
   days on market $160,000 Active 54 DOM
5. 2026-06-13
   days on market $160,000 Active 52 DOM
6. 2026-06-09
   days on market $160,000 Active 48 DOM
7. 2026-06-08
   days on market $160,000 Active 47 DOM
8. 2026-06-07
   days on market $160,000 Active 46 DOM
9. 2026-06-04
   days on market $160,000 Active 43 DOM
10. 2026-06-03
    days on market $160,000 Active 42 DOM
11. 2026-06-02
    days on market $160,000 Active 41 DOM
12. 2026-06-01
    days on market $160,000 Active 40 DOM
13. 2026-05-31
    days on market $160,000 Active 39 DOM
14. 2026-04-22
    listed $160,000 Active 675-char remark

    Show marketing remark (675 chars)

    Highest & Best DUE 05.04.2026 01:00 PM CST INVESTOR SPECIAL!!! Sitting on a spacious corner lot, this hard-to-find brick home is in need of repairs but has great potential and priced to sell quickly! Great floor plan with 4 bedrooms, 2 bathrooms offers 1,790 sq ft of living space! The home also features a good-sized backyard, ideal for weekend BBQs or relaxing evenings outdoors. Located just minutes from major freeways, this home offers easy access to everything Dallas has to offer. With some TLC this home will be ideal for a growing family. This home is being Sold AS-IS and all measurements are approximate. Buyer's and buyer's agent to verify all information.

15. 2019-02-05
    soldstatus
16. 2019-01-24
    soldstatus Sold 635-char remark

    Show marketing remark (635 chars)

    MUST SEE. .. .. . RENOVATED . .. .MOTIVATED SELLER. .. .. PROCE DROPPED. .. .This beautiful 4bd-2ba home with a fire place. Freshly painted, new flooring thru out the home. New kitchen with granite counter tops, new stainless steel appliances including dishwasher, electric oven, micro wave with manufacturer warranty, brand new cabinets. Bath rooms are fully renovated, master bed comes with a huge walk-in closet and many many closets thru out the home. Foundation has been repaired and comes with the lifetime owner transferable warranty. Conveniently located close to shopping and a variety of restaurants. Roof: about 8 years old

17. 2019-01-03
    status Pending 635-char remark

    Show marketing remark (635 chars)

    MUST SEE. .. .. . RENOVATED . .. .MOTIVATED SELLER. .. .. PROCE DROPPED. .. .This beautiful 4bd-2ba home with a fire place. Freshly painted, new flooring thru out the home. New kitchen with granite counter tops, new stainless steel appliances including dishwasher, electric oven, micro wave with manufacturer warranty, brand new cabinets. Bath rooms are fully renovated, master bed comes with a huge walk-in closet and many many closets thru out the home. Foundation has been repaired and comes with the lifetime owner transferable warranty. Conveniently located close to shopping and a variety of restaurants. Roof: about 8 years old

18. 2018-12-13
    historical Active Option Contract 635-char remark

    Show marketing remark (635 chars)

    MUST SEE. .. .. . RENOVATED . .. .MOTIVATED SELLER. .. .. PROCE DROPPED. .. .This beautiful 4bd-2ba home with a fire place. Freshly painted, new flooring thru out the home. New kitchen with granite counter tops, new stainless steel appliances including dishwasher, electric oven, micro wave with manufacturer warranty, brand new cabinets. Bath rooms are fully renovated, master bed comes with a huge walk-in closet and many many closets thru out the home. Foundation has been repaired and comes with the lifetime owner transferable warranty. Conveniently located close to shopping and a variety of restaurants. Roof: about 8 years old

19. 2018-12-11
    price $149,000 635-char remark

    Show marketing remark (635 chars)

    MUST SEE. .. .. . RENOVATED . .. .MOTIVATED SELLER. .. .. PROCE DROPPED. .. .This beautiful 4bd-2ba home with a fire place. Freshly painted, new flooring thru out the home. New kitchen with granite counter tops, new stainless steel appliances including dishwasher, electric oven, micro wave with manufacturer warranty, brand new cabinets. Bath rooms are fully renovated, master bed comes with a huge walk-in closet and many many closets thru out the home. Foundation has been repaired and comes with the lifetime owner transferable warranty. Conveniently located close to shopping and a variety of restaurants. Roof: about 8 years old

20. 2018-10-06
    price $139,000 635-char remark

    Show marketing remark (635 chars)

    MUST SEE. .. .. . RENOVATED . .. .MOTIVATED SELLER. .. .. PROCE DROPPED. .. .This beautiful 4bd-2ba home with a fire place. Freshly painted, new flooring thru out the home. New kitchen with granite counter tops, new stainless steel appliances including dishwasher, electric oven, micro wave with manufacturer warranty, brand new cabinets. Bath rooms are fully renovated, master bed comes with a huge walk-in closet and many many closets thru out the home. Foundation has been repaired and comes with the lifetime owner transferable warranty. Conveniently located close to shopping and a variety of restaurants. Roof: about 8 years old

21. 2018-09-26
    listed $149,000 Active 635-char remark

    Show marketing remark (635 chars)

    MUST SEE. .. .. . RENOVATED . .. .MOTIVATED SELLER. .. .. PROCE DROPPED. .. .This beautiful 4bd-2ba home with a fire place. Freshly painted, new flooring thru out the home. New kitchen with granite counter tops, new stainless steel appliances including dishwasher, electric oven, micro wave with manufacturer warranty, brand new cabinets. Bath rooms are fully renovated, master bed comes with a huge walk-in closet and many many closets thru out the home. Foundation has been repaired and comes with the lifetime owner transferable warranty. Conveniently located close to shopping and a variety of restaurants. Roof: about 8 years old

22. 2018-07-02
    soldstatus
23. 2005-07-14
    soldstatus
24. 2003-10-29
    soldstatus
25. 1999-11-04
    soldstatus
26. 1993-03-15
    soldstatus
27. 1982-10-21
    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: $5,713 · $476/mo
• Projected year-2 tax: $5,713 · $476/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 · 24 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $26,945
• − Mortgage interest: −$8,962
• − Property taxes: −$5,713
• − Insurance: −$800
• − Repairs & maintenance: −$2,156
• − Management: −$2,156
• − Depreciation: −$4,655
• Taxable income: $2,504
• Est. tax owed @ 24.0%: −$601
• After-tax cash flow: $4,104/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): 33,840
• Household income: $53,998
• Rent vs Own: 32.5% rent · 67.5% own
• Severe rent burden: 1076.0

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: Majority Black (62%)
• Race & ethnicity: Black 62% Hispanic / Latino 30% Two or more races 8% White 5% Native American 2%
• Hispanic origin (detail): Mexican 24%
• Foreign-born: 13% · Canada
• Languages at home: 73% English-only · Spanish 25%

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: ▼ -72.36%
• Current HPI: 356.2348
• Rent YoY: ▼ -2.75%
• 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

+7.4% since first listed

14 events — show timeline

• 2026-04-22 Listed $160,000 NTREIS
• 2019-02-05 Sold (Public Records) — Public Records
• 2019-01-24 Sold (MLS) — NTREIS
• 2019-01-03 Pending — NTREIS
• 2018-12-13 Contingent — NTREIS
• 2018-12-11 Price Changed $149,000 NTREIS
• 2018-10-06 Price Changed $139,000 NTREIS
• 2018-09-26 Listed $149,000 NTREIS
• 2018-07-02 Sold (Public Records) — Public Records
• 2005-07-14 Sold (Public Records) — Public Records
• 2003-10-29 Sold (Public Records) — Public Records
• 1999-11-04 Sold (Public Records) — Public Records
• 1993-03-15 Sold (Public Records) — Public Records
• 1982-10-21 Sold (Public Records) — Public Records

Property tax history

+10.4%/yr

Latest (2025): $5,713 · -0.4% YoY. Source: county tax records.