4460 Chaha Rd #205 · Garland, TX 75043

$130,000

2 bd · 2.0 ba · 943 sqft · Condo · 75 Days on market

Built 1981 Fair condition $138/sqft · 37% below area Est $207k · 37% under · waterfront $326/mo HOA · 24% of rent

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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 +8.1/30.0
• 1% rule +5.7/10.0
• Livability +3.7/5.0
• Rent growth +2.6/5.0
• Schools +2.5/10.0
• Condition / age +2.2/5.0
• DSCR +2.1/10.0
• Appreciation +0.0/10.0

Listing remarks

This property is eligible for 1.75% (Approx $2,400) Closing Cost Assistance when using the preferred lender. Call Anthony Sclafani, Listing Agent, for more information. Recent System Upgrades Include: AC Unit - 2023 Electrical Panel - 2025 Fridge - 2025 Prime Garland location with excellent access to schools, shopping, parks, hospitals, and entertainment. Quick access to Downtown Dallas (~28 min) and Lake Ray Hubbard (~1 min). Nearby schools: Shugart Elementary (~3 min), Lyles Middle (~6 min), Lakeview Centennial High (~7 min), Classical Center at Brandenburg (~10 min), Beaver Technology Center (~11 min), and Garland Christian Academy (~14 min).

Key facts

• $326 HOA
• Parking
• Pool

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $130k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $-129 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $111k (14.4% below list).
• Meets the 1% rule at list price ($1k rent vs $130k).
• Recommended offer: $111k (14.4% below list) — sets the bar for cash-flow.
• Cap rate 5.1% vs local median 3.4% in Garland — 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 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 lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 60% of comp listings sitting > 30 days — soft ceiling on asking rent; 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 $899 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 75 days — a 6% lower offer ($122k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: HOA is 24% 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 $111,321 (14.4% 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 75 days. Have you received any prior offers? Is the seller open to a 14% concession, seller financing, or rate buy-down credit?
3. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
5. 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?
6. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
7. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
8. 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?
9. 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?
10. This sits on a lake — are riparian / water-frontage rights deeded with the parcel? Any dock permits, shoreline easements, or HOA water-use restrictions?
11. What's the documented flood / surge / shoreline-erosion history here (FEMA AND non-FEMA — e.g., storm surge, creek backup, septic-field saturation)?
12. Any water-quality or seasonal algae-bloom issues that affect tenant satisfaction or short-term-rental demand?
13. 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.
14. 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.
15. 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: 1.07% ✓
• Cap rate: 5.10%
• Cash-on-cash: -4.26%
• DSCR: 0.81
• GRM: 7.8

CMA / ARV

• ARV (median comp): $206,768
• List price: $130,000
• Delta: -34.71%
• 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: -27.4%
• Equity multiple: 0.11×
• Total profit: $-32,509
• Equity at exit: $19,383

10-year hold

• IRR: -45.3%
• Equity multiple: -0.41×
• Total profit: $-51,424
• Equity at exit: $11,240

Cash invested: $36,400 (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 · 1 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: 7.8×

Monthly cashflow live

• Estimated rent: $1,386 high
• Mortgage (P&I): −$682
• Tax est. 1.5%: −$162 /mo · $1,950/yr
• Insurance: −$54
• HOA: −$326
• Vacancy / Maint / Mgmt: −$291
• Net cashflow: $-129

Break-even live

Break-even rent $1,550

Max offer price $111,321

Occupancy floor —

Sensitivity live

Price	-10% $-39	-5% $-84	+0% $-129	+5% $-174	+10% $-219
Rent	-10% $-239	-5% $-184	+0% $-129	+5% $-74	+10% $-20
Rate	-1.0pp $-64	-0.5pp $-96	base $-129	+0.5pp $-163	+1.0pp $-197

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: $32,500
• Closing costs: $3,900
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4464 Chaha Rd #205 Garland, TX	2.0	2.0	943	$1,400	$1.48	73d	1	0.02mi
4484 Chaha Rd Garland, TX	2.0	2.0	958	$1,450	$1.51	93d	2	0.03mi
4448 Chaha Rd #203 Garland, TX	2.0	2.0	958	$1,500	$1.57	73d	1	0.04mi
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
4456 Chaha Rd Unit 205 Garland, TX	2.0	2.0	943	$1,350	$1.43	93d	1	0.07mi
4540F Chaha Rd #106 Garland, TX	2.0	2.0	943	$1,600	$1.70	64d	1	0.07mi
4540 Chaha Rd Unit F-204 Garland, TX	2.0	2.0	842	$1,400	$1.66	93d	1	0.08mi
4552 Chaha Rd Unit 205 Garland, TX	2.0	2.0	943	$1,950	$2.07	53d	1	0.09mi
4552 Chaha Rd Garland, TX	2.0	2.0	943	$2,000	$2.12	73d	1	0.09mi
4552 Chaha Rd Unit 202 Garland, TX	2.0	2.0	943	$1,900	$2.01	16d	1	0.09mi
4416 Chaha Rd #201 Garland, TX	1.0	1.0	664	$1,070	$1.61	93d	1	0.10mi
4416 Chaha Rd #202 Garland, TX	2.0	2.0	804	$1,299	$1.62	57d	1	0.10mi
4416 Chaha Rd #102 Garland, TX	2.0	2.0	804	$1,395	$1.74	71d	1	0.10mi
4412 Chaha Rd #202 Garland, TX	2.0	1.0	940	$1,299	$1.38	3d	1	0.11mi
4605 Chaha Rd Garland, TX	3.0	1.0–3.0	1247	$1,876	$1.50	39d	41	0.11mi
4420 Chaha Rd #103 Garland, TX	2.0	2.0	804	$1,445	$1.80	43d	1	0.11mi
4412 Chaha Rd Garland, TX	1.0–2.0	1.0	802	$1,299	$1.62	9d	2	0.11mi
4412 Chaha Rd Garland, TX	2.0	1.0–2.0	872	$1,497	$1.72	93d	2	0.11mi
4420 Chaha Rd Garland, TX	2.0	2.0	804	$1,395	$1.74	31d	2	0.12mi
4420 Chaha Rd Garland, TX	1.0–2.0	1.0–2.0	734	$1,450	$1.98	64d	2	0.12mi
4552 Chaha Rd Garland, TX	1.0–2.0	1.0–2.0	806	$1,900	$2.36	17d	2	0.12mi
4610 Chaha Rd Unit 206 Garland, TX	1.0	1.0	626	$995	$1.59	36d	1	0.14mi
4606 Chaha Rd #103 Garland, TX	2.0	2.0	842	$1,850	$2.20	93d	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
6002 Marvin Loving Dr #203 Garland, TX	2.0	2.0	1060	$1,425	$1.34	48d	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 212 Garland, TX	2.0	2.0	1000	$1,422	$1.42	0d	1	0.17mi
4605 Chaha Rd Unit 4642 Garland, TX	2.0	2.0	1000	$1,422	$1.42	24d	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 4626 Garland, TX	1.0	1.0	726	$857	$1.18	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 2 Garland, TX	2.0	1.0	744	$1,300	$1.75	93d	1	0.20mi
4410 Point Blvd Unit 1 Garland, TX	1.0	1.0	688	$950	$1.38	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	$1,325	$1.48	38d	19	0.20mi
4358 Point Blvd Unit 107 Garland, TX	1.0	1.0	677	$906	$1.34	0d	1	0.21mi

Property features AI

Finance

• Other: Located in Faulkner Point 2 subdivision (complex: FAULKNER POINT 2)County: DallasCountry: United StatesDirections: Use GPS. Look for Building L, second floor unit. You can park anywhere in the parking lot.
• Financial info: Treat as clear loan typeNo second mortgage indicated
• HOA & community: Mandatory associationMonthly association fee ($326)HOA management: AMGI (972-503-2644)Association covers full use of facilities, grounds maintenance, structure maintenance, security, sewer and water

Exterior

• Parking: Carport (1 covered/carport space)Parking lot available
• Security: Community security included in association
• Utilities: City waterCity sewerElectricity connectedMunicipal utility district: No
• Home design: Condominium (attached)Residential property2 total stories (building)Second-floor unit (floor location number 2)
• Construction: Built in 1981
• Exterior features: Condo/townhome lotHas poolSidewalksSubdivided lot

Interior

• Kitchen: Appliances: Other
• Bedrooms: Primary bedroom on level 12 total bedrooms
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heatingCentral air conditioning (electric)
• Interior features: Cable TV availableOne living areaOne dining areaTotal room count: 2One-story unit
• Laundry & utility: Washer hookup

HOA detail $326/mo · $3,912/yr condo

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

Listing history 37 events

1. 2026-08-08
   days on market $130,000 Active 75 DOM
2. 2026-08-06
   days on market $130,000 Active 73 DOM
3. 2026-08-05
   days on market $130,000 Active 72 DOM
4. 2026-08-04
   days on market $130,000 Active 71 DOM
5. 2026-08-03
   pricedays on market $130,000 Active 70 DOM
6. 2026-07-31
   days on market $135,000 Active 67 DOM
7. 2026-07-30
   days on market $135,000 Active 65 DOM
8. 2026-07-28
   days on market $135,000 Active 64 DOM
9. 2026-07-26
   days on market $135,000 Active 62 DOM
10. 2026-07-24
    days on market $135,000 Active 60 DOM
11. 2026-07-23
    days on market $135,000 Active 59 DOM
12. 2026-07-22
    price $135,000 Active 58 DOM
13. 2026-07-22
    days on market $140,000 Active 58 DOM
14. 2026-07-21
    days on market $140,000 Active 57 DOM
15. 2026-07-01
    days on market $140,000 Active 56 DOM
16. 2026-06-30
    days on market $140,000 Active 55 DOM
17. 2026-06-29
    days on market $140,000 Active 54 DOM
18. 2026-06-28
    days on market $140,000 Active 53 DOM
19. 2026-06-27
    days on market $140,000 Active 52 DOM
20. 2026-06-26
    days on market $140,000 Active 51 DOM
21. 2026-06-24
    days on market $140,000 Active 49 DOM
22. 2026-06-22
    days on market $140,000 Active 47 DOM
23. 2026-06-21
    days on market $140,000 Active 46 DOM
24. 2026-06-18
    days on market $140,000 Active 43 DOM
25. 2026-06-17
    days on market $140,000 Active 42 DOM
26. 2026-06-16
    days on market $140,000 Active 41 DOM
27. 2026-06-15
    days on market $140,000 Active 40 DOM
28. 2026-06-13
    days on market $140,000 Active 38 DOM
29. 2026-06-09
    days on market $140,000 Active 34 DOM
30. 2026-06-08
    days on market $140,000 Active 33 DOM
31. 2026-06-07
    days on market $140,000 Active 32 DOM
32. 2026-06-04
    days on market $140,000 Active 29 DOM
33. 2026-06-03
    days on market $140,000 Active 28 DOM
34. 2026-06-02
    days on market $140,000 Active 27 DOM
35. 2026-06-01
    days on market $140,000 Active 26 DOM
36. 2026-05-31
    days on market $140,000 Active 25 DOM
37. 2026-05-06
    listed $140,000 Active 1608-char remark

ⓘ 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: $16,638
• − Mortgage interest: −$7,282
• − Property taxes: −$1,950
• − Insurance: −$650
• − Repairs & maintenance: −$1,331
• − Management: −$1,331
• − HOA: −$3,912
• − Depreciation: −$3,782
• Taxable loss: −$3,600
• Est. tax savings @ 24.0%: +$864
• After-tax cash flow: $-685/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 · 12 photos

Fair 45/100 Moderate rehab Est. rehab $23,575–$42,435 screening

The property requires significant repairs and updates to its exterior, interior, and systems to improve its condition and value.

Repairs flagged

• Major Exterior brick — Exposed and in poor condition
• Major Flooring — Tile flooring in poor condition
• Major Interior walls — Painted walls with visible wear
• Major Kitchen cabinets — Outdated and in poor condition
• Major Bathroom fixtures — Outdated and in poor condition
• Major Windows — Older windows with visible wear

Value-add opportunities

• Resale Paint interior walls — Fresh paint enhances curb appeal and interior aesthetics ↑
• Resale Replace flooring — New flooring improves the home's appearance and value ↑
• Both Upgrade kitchen cabinets — Modern cabinets increase the home's value and functionality ↑
• Both Upgrade bathroom fixtures — New fixtures improve the home's value and functionality ↑
• Both Replace windows — New windows improve the home's value and functionality ↑

ⓘ Rehab cost is a screening estimate — Moderate 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 25/100

Zoned Schools

Elementary Couch Collegiate Prep El Middle O'banion Middle F TX #1,507/1,662 Nat'l #12,181/14,009 High Naaman Forest H S F TX #1,044/1,632 Nat'l #10,416/17,239

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

Property features AI

Finance

• Other: Located in Faulkner Point 2 subdivision (complex: FAULKNER POINT 2)County: DallasCountry: United StatesDirections: Use GPS. Look for Building L, second floor unit. You can park anywhere in the parking lot.
• Financial info: Treat as clear loan typeNo second mortgage indicated
• HOA & community: Mandatory associationMonthly association fee ($326)HOA management: AMGI (972-503-2644)Association covers full use of facilities, grounds maintenance, structure maintenance, security, sewer and water

Exterior

• Parking: Carport (1 covered/carport space)Parking lot available
• Security: Community security included in association
• Utilities: City waterCity sewerElectricity connectedMunicipal utility district: No
• Home design: Condominium (attached)Residential property2 total stories (building)Second-floor unit (floor location number 2)
• Construction: Built in 1981
• Exterior features: Condo/townhome lotHas poolSidewalksSubdivided lot

Interior

• Kitchen: Appliances: Other
• Bedrooms: Primary bedroom on level 12 total bedrooms
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heatingCentral air conditioning (electric)
• Interior features: Cable TV availableOne living areaOne dining areaTotal room count: 2One-story unit
• Laundry & utility: Washer hookup

Price history

1 event — show timeline

• 2026-05-06 Listed $140,000 NTREIS