Log In/Sign Up
Your email has been sent.
Gilded Spur | Walking to SMU | Dallas 3414 Asbury St 1 Unit Apartment Building $1,500,000 ($1,500,000/Unit) 5.06% Cap Rate Dallas, TX 75205
Investment Highlights
- Demand for high-quality off-campus rentals near SMU remains strong year after year.
- Premium rents are achievable even for small-unit properties. | Vacancy risk is extremely low due to constant demand pressure.
- Students overwhelmingly prefer walkable, upscale housing — especially sorority/fraternity upper-classmen.
- Guarantors (primarily affluent parents) significantly reduce default risk.
- SMU only houses approx. 50% of its undergraduate students beyond freshman year.
- Many students move off campus after Year 1, creating consistent demand for 2nd, 3rd, and 4th-year housing.
Executive Summary
For sale by owner
Financial Summary (Actual - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$90,000
|
$48.65
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$90,000
|
$48.65
|
| Taxes |
$12,936
|
$6.99
|
| Operating Expenses |
$1,200
|
$0.65
|
| Total Expenses |
$14,136
|
$7.64
|
| Net Operating Income |
$75,864
|
$41.01
|
Financial Summary (Actual - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $90,000 |
| Annual Per SF | $48.65 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $90,000 |
| Annual Per SF | $48.65 |
| Taxes | |
|---|---|
| Annual | $12,936 |
| Annual Per SF | $6.99 |
| Operating Expenses | |
|---|---|
| Annual | $1,200 |
| Annual Per SF | $0.65 |
| Total Expenses | |
|---|---|
| Annual | $14,136 |
| Annual Per SF | $7.64 |
| Net Operating Income | |
|---|---|
| Annual | $75,864 |
| Annual Per SF | $41.01 |
Property Facts
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Fireplace
- Microwave
- Storage Space
- Heating
- Kitchen
- Hardwood Floors
- Oven
- Yard
- Freezer
- Island Kitchen
- Large Bedrooms
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+3 | 1 | $7,500 | 1,850 |
1 1
Moderately walkable
70/100
Fairly drivable
50/100
Limited public transit
30/100
Fairly bikeable
50/100
1 of 9
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Contact the Sale Advisor
Gilded Spur | Walking to SMU | Dallas | 3414 Asbury St