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4115 Esters Rd #712
D- Composite 37.86
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 +13.0/15.0
  • 1% rule +4.8/10.0
  • Livability +4.0/5.0
  • Condition / age +4.0/5.0
  • Cash flow +3.7/30.0
  • Appreciation +3.4/10.0
  • Rent growth +2.5/5.0
  • Schools +2.4/10.0
  • DSCR +0.0/10.0

$125,000

4115 Esters Rd #712 · Irving, TX 75038
2 bd · 1.0 ba · 783 sqft · Condo · 56 Days on market
Built 1984 Good condition $160/sqft · 12% below area Est $142k · 12% under $473/mo HOA · 38% of rent

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Listing remarks

Price reduced. Bring all offers! 2026 HOA dues all paid already. Great investment opportunity. Tastefully remodeled 2-bed, 1-bath condo on the second floor that's completely move-in ready. Step inside to fresh paint, a bright open living area, and a modernized kitchen. The renovated bathroom features stylish tile and fixtures, and the spacious primary retreat offers a walk-in closet, built-in cabinets. The living room features a cozy wood-burning fireplace. Sip your morning coffee on the private balcony, then cool off in the sparkling community pool. HOA covers water, sewer, structure, grounds, and full facility use, and with 2026 already paid, you start ahead.

Key facts

  • Modernized kitchen
  • Renovated bathroom
  • Community pool

Tags

REMODELED CONDOMODERNIZED KITCHENRENOVATED BATHROOMWALK-IN CLOSETPRIVATE BALCONYCOMMUNITY POOL

Neighborhood map

Property Rental comp Retail Costco Walmart Transit Schools Stadiums Fortune 500 · Circle radius: 6.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 2-bed/1.0-bath condo listed at $125k. Condition is rated good.

Deal economics

  • At list price, monthly cash flow is $-366 ($-4k/yr) — negative.
  • To cash-flow at today's rent, offer at most $72k (42.4% below list).
  • To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $123k (1.7% below list).
  • Recommended offer: $72k (42.4% below list) — sets the bar for cash-flow.

Location & tenants

  • Location reads 80/100 on livability (#45 in TX, #1,913 nationally) — a professional / high-income tenant draw. Strengths: commute A+, cost of living A+, housing A+; Watch: amenities C-.
  • Irving ISD (urban): math 19% / reading 25% proficiency, ranked #751 of 826 in TX (top 91%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 72% free/reduced lunch — lower-income household profile, screen leases tightly.
  • Zoned schools: Johnston El (math 12% / reading 18%, grade F, #4,005 of 4,322 statewide, top 93%, 798 students, 87% FRL); Crockett Middle (math 15% / reading 24%, grade F, #1,445 of 1,662 statewide, top 88%, 888 students, 82% FRL); Macarthur H S (math 29% / reading 29%, grade F, #1,147 of 1,632 statewide, top 71%, 2,586 students, 80% FRL).
  • Market conditions: Rents flat; 169 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); 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 $864 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 56 days — a 3% lower offer ($121k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

  • Watch-outs: HOA is 38% of rent.
  • Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Recommended offer $72,055 (42.4% 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 56 days. Have you received any prior offers? Is the seller open to a 42% 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. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  6. 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?
  7. 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.
  8. 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.
  9. 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
0.98%
Cap rate
2.78%
Cash-on-cash
-12.54%
DSCR
0.44
GRM
8.5

CMA / ARV

ARV (median comp)
$142,440
List price
$125,000
Delta
-12.24%
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
4101 Esters Rd #101 0.04mi 2/1.0 783 (0%) 2mo $149,000 $190 96
3641 W Northgate Dr #105 0.54mi 2/1.0 826 (+6%) 3mo $139,000 $168 63
3635 W Northgate Dr #145 0.55mi 2/1.0 826 (+6%) 8mo $139,000 $168 59
3404 Country Club Dr W #162 0.61mi 1/1.0 (-1) 760 (-3%) 7mo $125,000 $164 56
3611 W Northgate Dr #220 0.47mi 1/1.0 (-1) 677 (-14%) 12mo $130,000 $192 40
3649 W Northgate Dr #155 0.54mi 2/2.0 923 (+18%) 10mo $159,000 $172 37
4341 Madera Rd 1.23mi 2/1.5 932 (+19%) 6mo $225,000 $241 33
4325 Madera Rd 1.21mi 2/1.5 932 (+19%) 9mo $215,000 $231 31
2804 W Walnut Hill Ln 1.17mi 2/1.0 901 (+15%) 12mo $159,000 $176 30
4252 Madera Rd 1.23mi 1/1.5 (-1) 932 (+19%) 6mo $190,000 $204 28
4250 Madera Rd 1.22mi 1/1.5 (-1) 932 (+19%) 6mo $200,000 $215 28
2418 Northlake Ct 1.31mi 1/1.5 (-1) 938 (+20%) 8mo $150,000 $160 26

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 · 0.04% rent growth · sell at horizon

5-year hold
IRR
-45.5%
Equity multiple
-0.34×
Total profit
$-46,805
Equity at exit
$18,638
10-year hold
IRR
Equity multiple
-1.38×
Total profit
$-83,259
Equity at exit
$10,808

Cash invested: $35,000 (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.

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 75038

Home prices YoY
-1.0%
Rents YoY
0.0%
Active inventory
169
Price-to-rent
8.5×

Monthly cashflow live

Estimated rent
$1,229 high interval (Pro) →
Mortgage (P&I)
$656
Tax est. 1.5%
$156 /mo · $1,875/yr
Insurance
$52
HOA
$473
Vacancy / Maint / Mgmt
$258
Net cashflow
$-366

Break-even live

Break-even rent $1,692
Max offer price $72,055
Occupancy floor

Sensitivity live

Price -10% $-280 -5% $-323 +0% $-366 +5% $-409 +10% $-452
Rent -10% $-463 -5% $-414 +0% $-366 +5% $-317 +10% $-269
Rate -1.0pp $-303 -0.5pp $-334 base $-366 +0.5pp $-398 +1.0pp $-431

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
$31,250
Closing costs
$3,750
Reserves months
Total cash needed

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Short-term bridge; refi at stabilization.

Rent comps 40 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
4113 Esters Rd Unit 609a Irving, TX 1.0 1.0 678 $1,100 $1.62 93d 1 0.02mi
4103 Esters Rd Apt 205 Irving, TX 1.0 1.0 655 $1,295 $1.98 93d 1 0.06mi
4048 Esters Rd Irving, TX 1.0 1.0 675 $890 $1.32 17d 1 0.18mi
4030 Esters Rd Unit 220 Irving, TX 2.0 2.0 927 $1,273 $1.37 0d 1 0.20mi
4030 Esters Rd Unit 116 Irving, TX 1.0 1.0 650 $973 $1.50 0d 1 0.20mi
3822 Portland St Irving, TX 2.0 1.0 944 $1,208 $1.28 93d 1 0.31mi
3826 Portland St Irving, TX 1.0 1.0 781 $1,070 $1.37 93d 1 0.33mi
3826 Portland St Irving, TX 1.0 1.0 781 $1,100 $1.41 15d 1 0.33mi
3816 Portland St Irving, TX 1.0 1.0 781 $1,100 $1.41 15d 1 0.33mi
3832 Portland St Unit 119 Irving, TX 1.0 1.0 683 $910 $1.33 23d 1 0.34mi
4111 Polaris Dr Irving, TX 1.0 1.0 832 $1,415 $1.70 57d 1 0.34mi
4111 Polaris Dr Irving, TX 2.0 2.0 1067 $1,560 $1.46 73d 1 0.34mi
4111 Polaris Dr Irving, TX 2.0 2.0 927 $1,660 $1.79 93d 1 0.34mi
3810 Portland St Irving, TX 2.0 1.0 944 $1,300 $1.38 71d 1 0.35mi
3800 Portland St Irving, TX 1.0–3.0 1.0–2.0 928 $1,671 $1.80 0d 22 0.36mi
3802 Portland St Irving, TX 1.0 1.0 651 $1,100 $1.69 12d 1 0.36mi
4129 Polaris Dr Irving, TX 1.0 1.0 675 $890 $1.32 17d 1 0.41mi
3818 Portland St Irving, TX 1.0 1.0 675 $890 $1.32 17d 1 0.42mi
4013 W Northgate Dr Irving, TX 1.0–2.0 1.0–2.0 919 $1,605 $1.75 0d 26 0.44mi
3714 Portland St Irving, TX 2.0 1.0 944 $1,300 $1.38 57d 1 0.46mi
3700 Portland St Irving, TX 2.0 2.0 999 $1,300 $1.30 64d 1 0.46mi
4111 Polaris Dr Unit 220 Irving, TX 2.0 2.0 992 $1,414 $1.43 0d 1 0.48mi
4111 Polaris Dr Unit 116 Irving, TX 1.0 1.0 606 $973 $1.61 0d 1 0.48mi
3621 W Northgate Dr #230 Irving, TX 2.0 2.0 926 $1,650 $1.78 73d 1 0.49mi
3725 W Northgate Dr Irving, TX 1.0–2.0 1.0–2.5 873 $1,610 $1.84 0d 7 0.49mi
3611 W Northgate Dr Irving, TX 1.0 1.0 667 $1,395 $2.09 73d 1 0.49mi
4031 W Northgate Dr Irving, TX 1.0 1.0 675 $890 $1.32 17d 1 0.49mi
4045 W Northgate Dr Unit 119 Irving, TX 1.0 1.0 683 $910 $1.33 23d 1 0.49mi
3445 Country Club Dr W Unit 119 Irving, TX 1.0 1.0 683 $910 $1.33 23d 1 0.49mi
3757 W Northgate Dr Unit 119 Irving, TX 1.0 1.0 683 $910 $1.33 23d 1 0.49mi
3743 W Northgate Dr Irving, TX 1.0 1.0 675 $890 $1.32 17d 1 0.50mi
3609 W Northgate Dr Unit 146 Irving, TX 2.0 1.0 800 $1,480 $1.85 47d 1 0.50mi
3456 Country Club Dr W Unit 119 Irving, TX 1.0 1.0 683 $910 $1.33 23d 1 0.51mi
3607 W Northgate Dr #114 Irving, TX 1.0 1.0 666 $1,295 $1.94 73d 1 0.51mi
3521 W Walnut Hill Ln Irving, TX 1.0 1.0 675 $890 $1.32 17d 1 0.51mi
3431 Country Club Dr W Irving, TX 1.0 1.0 675 $890 $1.32 17d 1 0.53mi
3503 W Walnut Hill Ln Irving, TX 1.0–3.0 1.0–2.0 1105 $2,030 $1.84 0d 37 0.54mi
3442 Country Club Dr W Irving, TX 1.0 1.0 675 $890 $1.32 17d 1 0.54mi
3647 W Northgate Dr #154 Irving, TX 2.0 2.0 923 $1,550 $1.68 39d 1 0.56mi
4075 N Belt Line Rd Irving, TX 1.0 1.0 675 $890 $1.32 17d 1 0.57mi

Property features AI

Finance

Other
Community includes pool and sidewalksListing accepts Cash, Conventional, FHA, VA, and Other loan types
HOA & community
Mandatory HOAMonthly association fee of $473HOA covers maintenance of grounds and structure, sewer, and management feesHOA managed by Goodwin & Company

Exterior

Parking
CarportCovered parking (1)Guest parking
Utilities
City waterCity sewerElectricity availableNot in a municipal utility district
Home design
Residential condominiumAttached unitTwo-story buildingSecond-floor unit (floor location number 2)Shingle roofBuilt in 1984Located in the Oaks on the Ridge complex
Construction
Shingle roofFoundation and construction details not provided
Exterior features
Terrace patio/porchCommunity poolSidewalksLot of about 2.31 acres (community grounds)

Interior

Kitchen
Convection ovenMicrowaveDishwasherDisposalRefrigerator
Bedrooms
2 bedrooms (both on the second floor)
Flooring
Laminate flooringTile flooring
Bathrooms
1 full bathroom (on the second floor)
Heating & cooling
Central heatingCentral air conditioningCeiling fans
Interior features
Built-in featuresVaulted ceilingsWindow coverings6 total roomsOne living areaOne dining areaSecond-floor location
Laundry & utility
Washer hookupWasher includedDryer included

HOA detail $473/mo · $5,676/yr condo

Likely covers
watersewerlandscapingpool
Assessments
None detected in remarks — confirm with the listing agent.

Listing history 45 events

  1. 2026-08-08
    days on market $125,000 Active 56 DOM
  2. 2026-08-06
    days on market $125,000 Active 54 DOM
  3. 2026-08-05
    days on market $125,000 Active 53 DOM
  4. 2026-08-04
    days on market $125,000 Active 52 DOM
  5. 2026-08-03
    days on market $125,000 Active 51 DOM
  6. 2026-07-31
    pricedays on market $125,000 Active 48 DOM
  7. 2026-07-30
    days on market $129,000 Active 46 DOM
  8. 2026-07-28
    days on market $129,000 Active 45 DOM
  9. 2026-07-26
    days on market $129,000 Active 43 DOM
  10. 2026-07-24
    days on market $129,000 Active 41 DOM
  11. 2026-07-23
    days on market $129,000 Active 40 DOM
  12. 2026-07-22
    days on market $129,000 Active 39 DOM
  13. 2026-07-21
    days on market $129,000 Active 38 DOM
  14. 2026-07-20
    days on market $129,000 Active 37 DOM
  15. 2026-07-18
    days on market $129,000 Active 35 DOM
  16. 2026-07-18
    days on market $129,000 Active 34 DOM
  17. 2026-07-16
    days on market $129,000 Active 33 DOM
  18. 2026-07-15
    days on market $129,000 Active 32 DOM
  19. 2026-07-14
    days on market $129,000 Active 31 DOM
  20. 2026-07-13
    days on market $129,000 Active 30 DOM
  21. 2026-07-13
    days on market $129,000 Active 29 DOM
  22. 2026-07-11
    days on market $129,000 Active 28 DOM
  23. 2026-07-10
    days on market $129,000 Active 27 DOM
  24. 2026-07-09
    days on market $129,000 Active 26 DOM
  25. 2026-07-07
    days on market $129,000 Active 24 DOM
  26. 2026-07-06
    days on market $129,000 Active 23 DOM
  27. 2026-07-06
    days on market $129,000 Active 22 DOM
  28. 2026-07-05
    days on market $129,000 Active 21 DOM
  29. 2026-07-03
    days on market $129,000 Active 20 DOM
  30. 2026-07-02
    days on market $129,000 Active 19 DOM
  31. 2026-07-01
    days on market $129,000 Active 18 DOM
  32. 2026-06-30
    days on market $129,000 Active 17 DOM
  33. 2026-06-29
    days on market $129,000 Active 16 DOM
  34. 2026-06-28
    days on market $129,000 Active 15 DOM
  35. 2026-06-27
    days on market $129,000 Active 14 DOM
  36. 2026-06-26
    days on market $129,000 Active 13 DOM
  37. 2026-06-24
    days on market $129,000 Active 11 DOM
  38. 2026-06-22
    days on market $129,000 Active 9 DOM
  39. 2026-06-21
    days on market $129,000 Active 8 DOM
  40. 2026-06-18
    days on market $129,000 Active 5 DOM
  41. 2026-06-17
    days on market $129,000 Active 4 DOM
  42. 2026-06-16
    days on market $129,000 Active 3 DOM
  43. 2026-06-15
    days on market $129,000 Active 2 DOM
  44. 2026-06-13
    remarks 699-char remark
  45. 2026-06-13
    listed $129,000 Active 1 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 1/10 Low
  • 🌡 Heat 7/10 Severe 7 d/yr ≥109°F today · 22 d/yr by 30 yrs out
  • 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
  • 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Nearby sold comps map

Loading sold comps map…

Walkable amenities ~0.75 mi

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Taxation est. · year 1

Rental income
$14,749
− Mortgage interest
−$7,002
− Property taxes
−$1,875
− Insurance
−$625
− Repairs & maintenance
−$1,180
− Management
−$1,180
− HOA
−$5,676
− Depreciation
−$3,636
Taxable loss
−$6,425
combined federal + state — saved on this device
Est. tax savings @ 24.0%
+$1,542
After-tax cash flow
$-2,849/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 · 13 photos

Good 80/100 Cosmetic rehab Est. rehab $3,915–$11,745 screening

This move-in ready townhouse is in excellent condition with modern updates throughout, making it an attractive investment opportunity.

Value-add opportunities

  • Both landscaping — improves curb appeal and adds value
  • Both ceiling fans — modernizes the space and adds 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 24/100

Zoned Schools

Elementary Johnston El F TX #4,005/4,322 Nat'l #36,250/41,679 Middle Houston Middle F TX #1,200/1,662 Nat'l #9,979/14,009 High Macarthur H S F TX #1,147/1,632 Nat'l #11,621/17,239

Schools (NCES district)

District
Irving ISD
NCES district ID
4824420
Math proficiency
19% ▼ -28.00%
Reading proficiency
25% ▼ -11.00%
Median HH income
$44,870
Composite
19.06/100
National rank
#8840
State rank
#751 of 826 in TX
A Composite livability gradescore 80/100

Livability — Irving

Score
80/100
State rank
#45
US rank
#1913

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

Census place
Irving, TX
County
Dallas County · 2,979,839 people
City population
258,488
Metro
Dallas-Fort Worth-Arlington, TX
Population (ZIP)
32,755
Household income
$68,990
Rent vs Own
80.4% rent · 19.6% own
Severe rent burden
10% of renters

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 0.75)
Race & ethnicity
Black 33% Asian 27% Hispanic / Latino 21% White 16% Two or more races 5%
Hispanic origin (detail)
Mexican 14% Puerto Rican 1%
Common ancestry
Lithuanian 1% Swedish 1% Portuguese 1%
Foreign-born
41% · Canada, China, South Korea
Languages at home
48% English-only · Spanish 17% Other Indo-European 16% Other Asian/Pacific 7%

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

Price history

1 event — show timeline
  • 2026-06-13 Listed $129,000 NTREIS

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

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