1423 Rowan Avenue
About This Property
Purchase is restricted by income and part of an Affordable Housing Program with the City of Dallas. Buyer household income must be between 81-120% AMI. Restrictive covenants will restrict the occupancy of the Affordable Housing Unit for five (5) years from the date the home is sold to a qualified buyer. We highly recommend using our preferred lender to ensure a smooth close. Buyers must make an estimated $65,000-$98,000 for a single person household. $75,000-$112,000 for a two person household. $84,000-$126,000 for a three person household. Inquire for more info. Photos shown are of another build at 1554 Caldwell. No investors. No cash. This is not Section 8. Inquire for more info! Home is completed and ready for its buyers!
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 31, 2025 | Sold | ||
| Sold | |||
| Aug 20, 2025 | In contract | - | |
| In contract | |||
| Aug 19, 2025 | Relisted | $263,000 | |
| Relisted | |||
| May 29, 2025 | In contract | - | |
| In contract | |||
| Jan 30, 2025 | Listed by Allie Beth Allman & Assoc. | $263,000 | |
| Listed by Allie Beth Allman & Assoc. | |||
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About Central Dallas
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017