MUSTANG STATION – EXECUTIVE SUMMARY

Mustang Station presents a classic secondary-market repricing risk masked by stabilized asset framing. The $50.1M valuation implies a 4.02% cap rate—326 basis points below Dallas submarket benchmarks—despite a 20.7% vacancy rate and $7.867K NOI per unit running 37.6% below peer performance ($12.6K). The 2012 vintage asset has appreciated to $195.7K/unit with limited land value ($2.1M), but recent rental activity reveals underlying demand softness: 53 units (20.7%) actively marketed with $6.0 weeks of free rent concessions and wide lease-rate dispersion ($1.2K–$2.3K within unit types) indicate tenant resistance despite the $1.653K average ask. Demographic tailwinds exist at the 5-mile radius (62.1% renter penetration, 44.1% earning $100K+), but the property's 1BR-heavy mix (109% penetration noted) and suburban walk score of 63 limit pricing power and refinance appeal. Zero pipeline risk provides temporary breathing room, but the broader market deterioration signal and below-market cash flow generation suggest this is mispriced for stabilized returns.

Directional read: Pass or deep-discount watch-list only. Acquisition at current asking price does not offset underperformance; only pursue if seller concedes 150–200 bps cap-rate reset or repositioning equity becomes available through aggressive management intervention (unit reconfiguration, 2/3BR expansion, or rent-quality optimization).

AI overview · Updated 9 days ago

Abstract Notes

No notes yet

Mustang Station is a well-maintained Class B property with consistent mid-cycle renovations across most units, limiting near-term value-add but supporting stable operations. Unit finishes cluster tightly around 2016–2020 renovations (25 of 58 photos), featuring white or two-tone shaker/slab cabinetry, quartz or granite countertops, stainless steel mid-range appliances (GE, LG, Samsung tier), and vinyl plank flooring—standard for secondary markets. 44 of 58 photos show "upgraded" condition with fresh paint and modern lighting, but no evidence of premium finishes or stainless steel builder upgrades that would signal Class A positioning. The 2012 build-year combined with renovation clustering suggests a developer refresh circa 2018, not ongoing unit-by-unit upkeep. Amenities (resort-style pool, contemporary fitness center, courtyard design) match the asset class, but significant upside requires targeting non-renovated units if any remain in original 2012 condition—the data does not clarify penetration rates across the 256-unit portfolio.

AI analysis · Updated 21 days ago

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AI Analysis

Photo Notes

No notes yet

Location Profile Undermines Rent Positioning

Mustang Station's walk score of 63 and transit score of 47 indicate suburban car-dependency that conflicts with the $1.65K monthly rent. While the 65 bike score suggests reasonable micromobility infrastructure, the "Some Transit" designation limits appeal to transit-reliant renters—a material constraint for a 256-unit asset. Farmers Branch proximity to Dallas employment corridors (likely 15-25 min to downtown) may justify mid-market pricing, but the lack of dense pedestrian amenities means rent recovery depends heavily on unit finish quality and on-site amenities rather than location fundamentals. This rent level requires either blue-chip employment tenants or repositioning toward drive-to-job demographics.

AI analysis · Updated 9 days ago

Distance	Name	Category

No places visible

📍 11.3 miles from Downtown Dallas

Map Notes

No notes yet

Construction Pipeline: Zero incremental supply pressure on this asset. With 0.0% pipeline penetration and no permitted projects nearby, Mustang Station faces no near-term competitive headwinds from new deliveries. However, the deteriorating submarket vacancy trend suggests broader softening—likely from prior vintage deliveries now ramping occupancy—which poses a material risk to rent growth despite the absence of immediate new supply.

AI analysis · Updated 21 days ago

🏗️ 0 permits within 3 mi

0% pipeline

✅

No multifamily construction permits found within 3 miles

Nearby Construction Notes

No notes yet

Debt Notes

No notes yet

Financial Estimates

Mustang Station is significantly overvalued relative to Dallas metro fundamentals. The 4.02% implied cap rate sits 326 basis points below the 7.28% submarket benchmark, suggesting the property is priced as stabilized despite a 20.7% vacancy rate that implies distress or functional obsolescence. At $7.867K NOI per unit against a submarket average of ~$12.6K (derived from $173.7K price/unit × 7.28% cap rate), this asset generates 37.6% below-market cash flow per unit. The 50.0% opex ratio is reasonable for Class B vintage construction, but cannot offset the fundamental underperformance—the $50.1M appraised value appears inflated relative to current earnings power.

AI analysis · Updated 9 days ago

Estimated from loan records, rental listings, and appraisal data using industry-standard assumptions.

Sale & Valuation

Est. Sale Price: —
Sale $/Unit: —
Value YoY: +5.9%
Implied Cap Rate ⓘ: 4.02%
Est. Cap Rate ⓘ: —

Operating Income

Gross Potential Rent ⓘ: $5,079,465/yr
Est. Vacancy ⓘ: 20.7%
Submarket Vac. ⓘ: 6.1%
Eff. Gross Income: $4,028,016/yr
OpEx Ratio ⓘ: 50%
Est. NOI: $2,014,008/yr
NOI/Unit: $7,867/yr

Debt & Taxes

Taxes/Unit ⓘ: $4,892/yr
Est. DSCR ⓘ: —

Submarket Benchmarks

📊

Computed from nearby properties within 3 miles of similar vintage

Submarket Cap Rate

7.28%

Price/Unit Benchmark

$173,704

Rent/SF

$2.0/sf

Financial Estimates Notes

No notes yet

Property Summary

Mustang Station is a 256-unit, 4-story mid-rise built in 2012 with 220K SF of brick-exterior construction in Farmers Branch. Unit mix includes one-, two-, and three-bedroom floor plans finished with granite countertops, stainless-steel appliances, and in-unit laundry; the property maintains excellent condition ratings across a 217.8K SF net leasable area. Pet-friendly policy with no utilities included in rent and unspecified parking type. Located at Walk Score 63 in central Farmers Branch, approximately 12 miles north of Dallas CBD.

AI analysis · Updated 21 days ago

Property Details

Account #: 241346500A0010000
Market: Dallas County, TX
Building Class: APARTMENT (BRICK EXTERIOR)
Building Style: Mid-Rise
Construction: D-WOOD FRAME
Quality: EXCELLENT
Condition: EXCELLENT
Stories: 4
Gross Building Area: 220,000 SF
Net Leasable Area: 217,784 SF
Neighborhood: UNASSIGNED
Last Sale: September 21, 2023
Business Status: Operational
Enriched: about 2 months ago

Owner Information

Owner: MUSTANG STATION OWNER LLC
Mailing Address: DALLAS, TEXAS 752044064

Property Notes

No notes yet

Rental Performance

Rent growth stalling with aggressive concessions masking softness. Current asking rents ($1.7M average) exceed the March snapshot by 7.0%, but this reflects $6.0 weeks of free rent—a material concession floor that signals tenant resistance. Two-bedrooms are outperforming one-bedrooms ($1.9K vs. $1.5K), yet recent lease activity shows wide dispersion ($1.2K–$2.3K range within unit types), indicating selective pricing power rather than broad-based strength. With 53 of 256 units (20.7%) actively marketed, velocity appears moderate; the property is leasing activity but likely trading unit quality or tenant quality for occupancy.

AI analysis · Updated 9 days ago

Submarket Rent Growth

—

📊 Nearby properties

Vacancy Trend

Deteriorating

📊 RentCast zip-level data

Submarket Rent/SF

$2.0/sf

📊 Nearby properties

Rent Trends

Estimated Occupancy

Estimated from listed vacancies vs total units

Asking Rent Range

Min/avg/max asking rents from property website

Concession Trend (Weeks Free)

Available Units Over Time

Latest Scrape (Mar 22, 2026)

Rent Range

$1,157 – $2,055

Avg: $1,546

Available

22 units

Concessions

Up to 6 weeks free

Fees

Application: Admin: Pet Deposit: Pet Rent Monthly:

Concession Details

• Up to 6 Weeks FREE + Waived Admin Upon Approval

🏠 53 active listings | 1BR avg $1,481 (mkt $1,530 ↓3% ) | 2BR avg $1,937 (mkt $2,008 ↓4% ) | Trend: → Flat

Unit	Beds	Baths	Sqft	Rent	Status	Listed	Days
	2BR	2	1,031	$2,281	Active	Apr 6	1
Feb $2,354 → Mar $2,322 → Apr $2,281 (↓3.1%)
	2BR	2	1,221	$2,116	Active	Apr 6	1
Oct $1,994 → Dec $2,240 → Jan $2,294 → Jan $2,495 → Jan $2,495 → Jan $2,495 → Jan $2,495 → Feb $2,477 → Feb $2,477 → Feb $2,750 → Mar $2,141 → Mar $2,141 → Apr $2,116 (↑6.1%)
	2BR	2	1,240	$2,056	Active	Apr 6	1
Sep $1,980 → Oct $1,980 → Mar $2,106 → Mar $2,106 → Apr $2,056 (↑3.8%)
	2BR	2	1,221	$2,055	Active	Mar 22	—
Mar $2,055
	2BR	2	1,149	$2,034	Active	Apr 5	1
Dec $2,005 → Jan $2,239 → Feb $2,223 → Feb $2,464 → Mar $2,437 → Mar $2,437 → Mar $2,437 → Mar $1,900 → Apr $2,034 (↑1.4%)
	2BR	2	1,240	$2,010	Active	Mar 22	—
Mar $2,010
	2BR	2	1,149	$1,999	Active	Apr 5	1
Jan $2,200 → Jan $2,200 → Feb $2,184 → Feb $2,421 → Feb $2,421 → Mar $2,394 → Mar $2,394 → Mar $1,866 → Apr $1,999 (↓9.1%)
	2BR	2	1,150	$1,980	Active	Apr 6	1
Mar $1,927 → Mar $1,927 → Apr $1,980 (↑2.8%)
	2BR	2	1,150	$1,971	Active	Apr 4	1
Jun $2,151 → Dec $2,143 → Jan $2,330 → Jan $2,330 → Feb $2,313 → Feb $2,566 → Mar $2,537 → Mar $2,537 → Mar $1,971 → Apr $1,971 (↓8.4%)
	2BR	2	1,031	$1,954	Active	Apr 5	1
Dec $1,961 → Jan $1,961 → Jan $1,961 → Jan $1,961 → Feb $2,458 → Mar $2,431 → Mar $2,431 → Mar $2,431 → Apr $1,954 (↓0.4%)
	2BR	2	1,031	$1,926	Active	Apr 5	1
Jan $2,279 → Feb $2,262 → Feb $2,262 → Feb $2,508 → Feb $2,508 → Mar $2,481 → Mar $1,905 → Apr $1,926 (↓15.5%)
	2BR	2	1,031	$1,923	Active	Apr 5	1
Feb $2,001 → Feb $2,001 → Mar $1,975 → Mar $1,835 → Apr $1,923 → Apr $1,923 (↓3.9%)
	2BR	2	1,150	$1,890	Active	Mar 22	—
Mar $1,890
	1BR	1	874	$1,866	Active	Apr 5	1
Jan $1,742 → Feb $1,551 → Feb $1,551 → Feb $1,864 → Mar $1,833 → Mar $1,476 → Apr $1,866 → Apr $1,866 (↑7.1%)
	2BR	2	1,031	$1,856	Active	Apr 5	1
Dec $2,234 → Dec $2,234 → Jan $2,199 → Jan $2,199 → Feb $2,199 → Feb $2,199 → Feb $2,420 → Mar $2,393 → Mar $2,393 → Mar $2,393 → Mar $1,856 → Apr $1,856 (↓16.9%)
	2BR	2	1,053	$1,840	Active	Apr 6	1
Apr $1,840 → Apr $1,840 (↑0.0%)
	2BR	2	1,149	$1,815	Active	Mar 22	—
Mar $1,815
	2BR	2	1,137	$1,815	Active	Apr 4	1
Mar $1,815 → Apr $1,815 (↑0.0%)
	1BR	1	742	$1,800	Active	Apr 4	1
Feb $1,575 → Feb $1,892 → Apr $1,800 (↑14.3%)
	1BR	1	672	$1,788	Active	Apr 5	1
Jan $1,726 → Jan $1,726 → Feb $1,706 → Feb $1,706 → Feb $1,699 → Mar $1,673 → Mar $1,673 → Mar $1,366 → Apr $1,788 (↑3.6%)
	1BR	1	616	$1,781	Active	Apr 6	1
Dec $1,369 → Feb $1,699 → Feb $1,692 → Mar $1,665 → Mar $1,665 → Mar $1,360 → Apr $1,781 (↑30.1%)
	1BR	1	616	$1,775	Active	Apr 4	1
Jan $1,711 → Jan $1,711 → Jan $1,711 → Feb $1,691 → Feb $1,691 → Feb $1,685 → Mar $1,658 → Mar $1,354 → Apr $1,775 (↑3.7%)
	2BR	2	1,031	$1,775	Active	Mar 22	—
Mar $1,775
	2BR	2	1,137	$1,772	Active	Mar 22	—
Mar $1,772
	1BR	1	616	$1,695	Active	Apr 6	1
Jan $1,662 → Feb $1,640 → Feb $1,606 → Mar $1,289 → Apr $1,695 (↑2.0%)
	2BR	2	1,053	$1,680	Active	Mar 22	—
Mar $1,680
	1BR	1	770	$1,679	Active	Apr 6	1
Jan $1,393 → Feb $1,393 → Feb $1,657 → Feb $1,657 → Mar $1,630 → Mar $1,331 → Mar $1,679 → Apr $1,679 (↑20.5%)
	1BR	1	764	$1,666	Active	Apr 6	1
Mar $1,666 → Apr $1,666 → Apr $1,666 (↑0.0%)
	1BR	1	764	$1,665	Active	Apr 5	1
Jan $1,619 → Feb $1,439 → Feb $1,732 → Feb $1,732 → Mar $1,702 → Mar $1,336 → Apr $1,665 (↑2.8%)
	1BR	1	675	$1,628	Active	Apr 6	1
Jan $1,585 → Jan $1,585 → Feb $1,409 → Feb $1,409 → Feb $1,695 → Feb $1,695 → Mar $1,665 → Mar $1,295 → Mar $1,295 → Apr $1,628 (↑2.7%)
	1BR	1	616	$1,621	Active	Apr 6	1
Mar $1,586 → Mar $1,586 → Mar $1,275 → Apr $1,621 → Apr $1,621 (↑2.2%)
	1BR	1	672	$1,587	Active	Apr 5	1
Jan $1,591 → Jan $1,591 → Feb $1,573 → Feb $1,565 → Mar $1,538 → Mar $1,587 → Apr $1,587 (↓0.3%)
	1BR	1	844	$1,560	Active	Apr 5	1
Feb $1,618 → Feb $1,618 → Mar $1,601 → Mar $1,601 → Mar $1,601 → Mar $1,560 → Apr $1,560 (↓3.6%)
	1BR	1	588	$1,533	Active	Apr 5	1
Oct $1,347 → Mar $1,235 → Apr $1,533 (↑13.8%)
	1BR	1	588	$1,509	Active	Apr 6	1
Feb $1,329 → Feb $1,329 → Feb $1,329 → Feb $1,579 → Mar $1,553 → Mar $1,215 → Apr $1,509 → Apr $1,509 (↑13.5%)
	1BR	1	588	$1,509	Active	Apr 4	1
Dec $1,610 → Dec $1,612 → Jan $1,658 → Jan $1,635 → Jan $1,635 → Jan $1,635 → Feb $1,613 → Feb $1,579 → Feb $1,579 → Mar $1,553 → Mar $1,553 → Apr $1,509 (↓6.3%)
	1BR	1	874	$1,492	Active	Mar 22	—
Mar $1,492
	1BR	1	588	$1,448	Active	Apr 4	1
Dec $1,251 → Jan $1,545 → Jan $1,545 → Feb $1,553 → Feb $1,553 → Feb $1,519 → Mar $1,165 → Mar $1,448 → Apr $1,448 (↑15.7%)
	1BR	1	764	$1,403	Active	Apr 5	1
Mar $1,384 → Apr $1,403 (↑1.4%)
	1BR	1	770	$1,367	Active	Apr 5	1
Feb $1,352 → Feb $1,352 → Mar $1,327 → Mar $1,327 → Apr $1,367 (↑1.1%)
	1BR	1	672	$1,367	Active	Apr 6	1
Mar $1,367 → Apr $1,367 (↑0.0%)
	1BR	1	770	$1,346	Active	Mar 22	—
Mar $1,346
	1BR	1	844	$1,344	Active	Mar 22	—
Mar $1,344
	1BR	1	764	$1,328	Active	Mar 22	—
Mar $1,328
	1BR	1	742	$1,307	Active	Mar 22	—
Mar $1,307
	1BR	1	672	$1,293	Active	Apr 6	1
Apr $1,293
	1BR	1	672	$1,271	Active	Mar 22	—
Mar $1,271
	1BR	1	616	$1,250	Active	Mar 22	—
Mar $1,250
	1BR	1	675	$1,247	Active	Mar 22	—
Mar $1,247
	1BR	1	588	$1,213	Active	Apr 6	1
May $1,406 → Mar $1,197 → Apr $1,213 (↓13.7%)
	1BR	1	588	$1,198	Active	Apr 12	725
Apr $1,198
	1BR	1	588	$1,193	Active	Apr 6	1
Apr $1,193
	1BR	1	588	$1,157	Active	Mar 22	—
Mar $1,157
# 2-204	2BR	2	1,221	$2,574	Inactive	Oct 11	45
# 2-316	3BR	2	1,434	$2,565	Inactive	Aug 15	1
# 2-116	3BR	2	1,434	$2,548	Inactive	Jan 21	25
# 2-306	2BR	2	1,150	$2,532	Inactive	Oct 11	41
	2BR	2	1,221	$2,421	Inactive	Feb 18	1
Jan $2,438 → Feb $2,421 → Feb $2,421 → Feb $2,421 (↓0.7%)
	2BR	2	1,137	$2,381	Inactive	Mar 16	1
Dec $2,223 → Jan $2,188 → Jan $2,188 → Feb $2,172 → Feb $2,172 → Feb $2,407 → Feb $2,407 → Mar $2,381 → Mar $2,381 (↑7.1%)
Apt 316	3BR	2	1,434	$2,270	Inactive	May 25	80
# 1-158	2BR	2	1,149	$2,260	Inactive	Sep 7	1
# 2-422	2BR	2	1,031	$2,247	Inactive	Sep 7	1
	2BR	2	1,031	$2,240	Inactive	Feb 18	1
Feb $2,240 → Feb $2,240 → Feb $2,240 (↑0.0%)
# 2-105	2BR	2	1,031	$2,224	Inactive	Sep 5	1
	2BR	2	1,221	$2,223	Inactive	Feb 27	1
Feb $2,223 → Feb $2,223 (↑0.0%)
	2BR	2	1,149	$2,200	Inactive	Feb 10	1
Jan $2,216 → Jan $2,216 → Jan $2,216 → Feb $2,200 → Feb $2,200 (↓0.7%)
# 2-407	2BR	2	1,240	$2,191	Inactive	Jun 5	36
# 1-101	2BR	2	1,280	$2,188	Inactive	Apr 7	19
# 1-161	2BR	2	1,280	$2,187	Inactive	Mar 23	34
# 2-205	2BR	2	1,031	$2,183	Inactive	Sep 4	1
	2BR	2	1,149	$2,182	Inactive	Jan 31	1
Oct $1,930 → Jan $2,006 → Jan $2,182 → Jan $2,182 → Jan $2,182 → Jan $2,182 (↑13.1%)
	2BR	2	1,137	$2,181	Inactive	Jan 31	1
Jan $2,181
Apt 434	2BR	2	1,238	$2,169	Inactive	Sep 17	24
Apt 134	2BR	2	1,238	$2,169	Inactive	Feb 4	588
	2BR	2	1,238	$2,156	Inactive	Mar 17	1
Feb $2,182 → Feb $2,156 → Feb $2,156 → Mar $2,156 → Mar $2,156 (↓1.2%)
# 1-278	2BR	2	1,137	$2,151	Inactive	Sep 4	1
	2BR	2	1,221	$2,146	Inactive	Feb 27	1
Feb $2,146 → Feb $2,146 (↑0.0%)
# 2-218	2BR	2	1,221	$2,145	Inactive	Oct 23	1
# 2-420	2BR	2	1,031	$2,142	Inactive	Nov 25	204
	2BR	2	1,221	$2,121	Inactive	Jun 3	1
May $2,070 → Jun $2,121 (↑2.5%)
# 2-218	2BR	2	1,221	$2,116	Inactive	Oct 12	100
	2BR	2	1,053	$2,105	Inactive	Mar 18	1
Feb $2,134 → Mar $2,105 → Mar $2,105 (↓1.4%)
# 2-438	2BR	2	1,238	$2,099	Inactive	Aug 15	1
Apt 104	2BR	2	1,221	$2,099	Inactive	Aug 18	54
# 2-134	2BR	2	1,238	$2,096	Inactive	Jun 19	23
# 2-312	2BR	2	1,221	$2,096	Inactive	Oct 13	98
# 2-306	2BR	2	1,150	$2,090	Inactive	Oct 22	1
# 432	2BR	2	1,150	$2,089	Inactive	Oct 27	633
# 2-127	2BR	2	1,031	$2,079	Inactive	Dec 22	198
# 1-458	2BR	2	1,149	$2,074	Inactive	Feb 16	123
# 2-432	2BR	2	1,150	$2,073	Inactive	Jan 20	27
Apt 412	2BR	2	1,221	$2,069	Inactive	Apr 23	18
	2BR	2	1,031	$2,067	Inactive	May 23	1
May $2,014 → May $2,014 → May $2,067 (↑2.6%)
# 312	2BR	2	1,221	$2,059	Inactive	Dec 17	663
Apt 204	2BR	2	1,221	$2,059	Inactive	Aug 19	52
Apt 218	2BR	2	1,221	$2,059	Inactive	Oct 27	712
Apt 238	2BR	2	1,238	$2,059	Inactive	Oct 27	660
	2BR	2	1,280	$2,049	Inactive	Sep 30	1
Sep $2,049
Apt 120	2BR	2	1,149	$2,049	Inactive	Jun 3	495
Apt 106	2BR	2	1,150	$2,047	Inactive	Nov 6	276
Apt 414	2BR	2	1,150	$2,047	Inactive	Dec 4	248
Apt 418	2BR	2	1,221	$2,045	Inactive	Apr 17	117
# 2-102	2BR	2	1,031	$2,044	Inactive	Feb 16	89
Apt 461	2BR	2	1,280	$2,041	Inactive	May 8	97
Apt 487	2BR	2	1,149	$2,039	Inactive	Sep 16	25
Apt 320	2BR	1	1,031	$2,039	Inactive	Aug 18	54
Apt 232	2BR	2	1,150	$2,039	Inactive	Sep 1	39
# 1-420	2BR	2	1,149	$2,034	Inactive	Oct 12	127
	2BR	2	1,238	$2,033	Inactive	Oct 1	1
Oct $2,033
Apt 158	2BR	2	1,149	$2,029	Inactive	Mar 16	209
Apt 420	2BR	2	1,149	$2,029	Inactive	Sep 16	24
# 1-354	2BR	2	1,149	$2,024	Inactive	Dec 20	179
# 2-232	2BR	2	1,150	$2,022	Inactive	Oct 13	126
Apt 478	2BR	2	1,137	$2,021	Inactive	Aug 5	29
Apt 306	2BR	2	1,150	$2,019	Inactive	Oct 27	711
Apt 334	2BR	2	1,238	$2,019	Inactive	Dec 17	510
# 1-171	2BR	2	1,137	$2,016	Inactive	Dec 20	128
# 1-157	2BR	2	1,137	$2,016	Inactive	Mar 23	15
	2BR	2	1,238	$2,013	Inactive	Sep 24	1
Sep $2,013
# 2-103	2BR	2	1,031	$2,011	Inactive	Jun 20	40
	2BR	2	1,031	$2,007	Inactive	Mar 18	1
Sep $1,926 → Sep $1,868 → Jan $2,033 → Feb $2,033 → Feb $2,007 → Feb $2,007 → Mar $2,007 → Mar $2,007 (↑4.2%)
# 1-447	2BR	2	1,053	$2,006	Inactive	Mar 23	53
Apt 102	2BR	1	1,031	$2,005	Inactive	Mar 9	44
	2BR	2	1,280	$2,004	Inactive	Sep 27	1
Sep $2,004
# 1-255	2BR	2	1,053	$2,002	Inactive	Feb 16	15
# 1-439	2BR	2	1,137	$2,001	Inactive	Dec 20	225
Apt 402	2BR	1	1,031	$1,999	Inactive	Mar 26	199
Apt 112	2BR	2	1,221	$1,999	Inactive	Apr 22	54
# 1-257	2BR	2	1,137	$1,998	Inactive	Feb 16	106
# 1-239	2BR	2	1,137	$1,997	Inactive	Dec 20	31
# 1-108	2BR	2	1,149	$1,997	Inactive	Oct 12	98
Apt 220	2BR	1	1,031	$1,995	Inactive	Apr 6	149
Apt 212	2BR	2	1,221	$1,995	Inactive	Jun 2	72
	2BR	2	1,280	$1,990	Inactive	Sep 29	1
Sep $1,990
# 1-154	2BR	2	1,149	$1,989	Inactive	Nov 25	80
# 2-320	2BR	2	1,031	$1,989	Inactive	Oct 11	101
	2BR	2	1,149	$1,986	Inactive	Jan 10	1
May $1,856 → Jan $1,986 (↑7.0%)
Apt 101	2BR	2	1,280	$1,985	Inactive	Oct 27	286
	2BR	2	1,240	$1,980	Inactive	Sep 29	1
Sep $2,055 → Sep $1,980 (↓3.6%)
# 1-208	2BR	2	1,149	$1,979	Inactive	Apr 7	96
Apt 209	2BR	2	1,280	$1,979	Inactive	Oct 28	659
# 1-376	2BR	2	1,149	$1,973	Inactive	Nov 29	184
	2BR	2	1,150	$1,970	Inactive	Sep 28	1
Sep $1,970
Apt 137	2BR	2	1,280	$1,970	Inactive	Jan 11	210
Apt 337	2BR	2	1,280	$1,959	Inactive	Mar 25	432
# 1-478	2BR	2	1,137	$1,956	Inactive	Aug 15	1
# 1-416	2BR	2	1,053	$1,955	Inactive	Aug 11	1
Apt 322	2BR	1	1,031	$1,955	Inactive	Apr 9	13
Apt 202	2BR	1	1,031	$1,955	Inactive	Apr 15	372
	2BR	2	1,150	$1,951	Inactive	Apr 1	1
Sep $1,899 → Jan $2,026 → Jan $2,026 → Jan $2,026 → Feb $2,307 → Feb $2,307 → Feb $2,540 → Feb $2,540 → Mar $2,512 → Mar $1,930 → Apr $1,951 (↑2.7%)
# 1-320	2BR	2	1,149	$1,951	Inactive	Feb 16	167
Apt 161	2BR	2	1,280	$1,949	Inactive	Jan 11	494
Apt 178	2BR	2	1,137	$1,946	Inactive	Jan 11	235
Apt 139	2BR	2	1,137	$1,945	Inactive	Feb 20	174
Apt 206	2BR	2	1,150	$1,940	Inactive	Feb 20	170
Apt 138	2BR	2	1,238	$1,940	Inactive	Oct 28	285
Apt 171	2BR	2	1,137	$1,939	Inactive	Sep 16	25
# 2-403	2BR	2	1,031	$1,934	Inactive	Sep 20	1
# 1-308	2BR	2	1,149	$1,932	Inactive	Jul 13	19
# 1-249	2BR	2	1,053	$1,932	Inactive	May 15	26
Apt 307	2BR	2	1,240	$1,930	Inactive	Nov 7	275
Apt 378	2BR	2	1,137	$1,921	Inactive	Jul 24	39
Apt 357	2BR	2	1,137	$1,919	Inactive	Dec 17	460
	2BR	2	1,280	$1,916	Inactive	Jan 21	1
Dec $1,953 → Dec $1,953 → Jan $1,916 (↓1.9%)
Apt 376	2BR	2	1,149	$1,911	Inactive	May 25	80
	2BR	2	1,149	$1,907	Inactive	May 14	1
May $1,907
	2BR	2	1,280	$1,903	Inactive	May 19	1
May $1,903 → May $1,903 (↑0.0%)
Apt 247	2BR	2	1,053	$1,889	Inactive	Sep 16	24
	2BR	2	1,149	$1,886	Inactive	Oct 1	1
Oct $1,886
# 2-203	2BR	2	1,031	$1,883	Inactive	Sep 15	1
Apt 257	2BR	2	1,137	$1,881	Inactive	Jun 26	47
Apt 227	2BR	1	1,031	$1,879	Inactive	Mar 25	430
	2BR	2	1,053	$1,873	Inactive	Sep 25	1
Sep $1,873
Apt 308	2BR	2	1,149	$1,869	Inactive	May 15	405
Apt 105	2BR	1	1,031	$1,860	Inactive	Mar 25	137
Apt 157	2BR	2	1,137	$1,860	Inactive	Feb 28	162
Apt 117	2BR	2	1,053	$1,859	Inactive	Mar 9	162
	2BR	2	1,137	$1,854	Inactive	Oct 1	1
Oct $1,854
Apt 385	2BR	2	1,053	$1,849	Inactive	Aug 18	28
Apt 458	2BR	2	1,149	$1,849	Inactive	Oct 28	585
	2BR	2	1,031	$1,844	Inactive	Sep 25	1
Sep $1,844
	2BR	2	1,031	$1,836	Inactive	Apr 2	1
Jan $2,176 → Feb $2,176 → Feb $2,394 → Mar $2,368 → Mar $1,815 → Apr $1,836 (↓15.6%)
	2BR	2	1,137	$1,820	Inactive	Sep 27	1
Sep $1,895 → Sep $1,820 (↓4.0%)
Apt 216	2BR	2	1,053	$1,811	Inactive	Aug 5	260
	2BR	2	1,149	$1,805	Inactive	Mar 28	1
Mar $1,805 → Mar $1,805 (↑0.0%)
Apt 205	2BR	1	1,031	$1,799	Inactive	Jul 17	333
Apt 404	2BR	2	1,221	$1,799	Inactive	Jan 22	494
Apt 416	2BR	2	1,053	$1,791	Inactive	Mar 25	137
Apt 391	2BR	2	1,137	$1,789	Inactive	Oct 27	596
	2BR	2	1,053	$1,788	Inactive	May 15	1
Sep $1,773 → Oct $1,773 → May $1,788 → May $1,788 (↑0.8%)
Apt 457	2BR	2	1,137	$1,779	Inactive	Feb 4	488
Apt 271	2BR	2	1,137	$1,776	Inactive	Nov 20	262
	2BR	2	1,053	$1,766	Inactive	Sep 30	1
Sep $1,766
# 2-436	1BR	1	923	$1,762	Inactive	Apr 7	19
Apt 485	2BR	2	1,053	$1,759	Inactive	May 22	33
Apt 427	2BR	1	1,031	$1,749	Inactive	Mar 8	63
# 1-459	1BR	1	874	$1,741	Inactive	Sep 6	1
Apt 430	1BR	1	844	$1,740	Inactive	Mar 26	26
Apt 409	1BR	1	844	$1,740	Inactive	Oct 28	311
Apt 304	2BR	2	1,221	$1,739	Inactive	Dec 4	512
Apt 226	2BR	1	1,031	$1,739	Inactive	Mar 10	43
	1BR	1	770	$1,738	Inactive	Apr 3	1
Jan $1,442 → Jan $1,442 → Feb $1,442 → Feb $1,716 → Feb $1,716 → Mar $1,690 → Mar $1,690 → Mar $1,738 → Apr $1,738 (↑20.5%)
# 2-409	1BR	1	844	$1,727	Inactive	Aug 15	1
	1BR	1	764	$1,710	Inactive	Mar 16	1
Dec $1,773 → Feb $1,771 → Feb $1,771 → Feb $1,737 → Mar $1,710 → Mar $1,710 (↓3.6%)
# 1-426	1BR	1	770	$1,706	Inactive	Sep 7	1
	1BR	1	770	$1,701	Inactive	Apr 3	1
Feb $1,415 → Feb $1,415 → Feb $1,697 → Mar $1,666 → Mar $1,666 → Mar $1,348 → Apr $1,701 (↑20.2%)
Apt 441	1BR	1	874	$1,699	Inactive	Dec 17	663
Apt 339	2BR	2	1,137	$1,699	Inactive	Feb 4	488
Apt 389	2BR	2	1,137	$1,699	Inactive	Mar 10	82
	1BR	1	770	$1,684	Inactive	Mar 16	1
Jan $1,768 → Jan $1,768 → Feb $1,744 → Feb $1,710 → Feb $1,710 → Mar $1,684 → Mar $1,684 → Mar $1,684 (↓4.8%)
Apt 141	1BR	1	874	$1,680	Inactive	May 8	97
Apt 222	2BR	1	1,031	$1,680	Inactive	Oct 27	286
Apt 381	2BR	2	1,053	$1,679	Inactive	Jun 26	346
Apt 341	1BR	1	874	$1,669	Inactive	Nov 18	611
# 2-236	1BR	1	923	$1,667	Inactive	Jan 20	26
Apt 336	1BR	1	923	$1,659	Inactive	Jun 13	298
Apt 313	1BR	1	844	$1,639	Inactive	Feb 4	533
	1BR	1	672	$1,634	Inactive	Jan 31	1
Jan $1,634 → Jan $1,634 → Jan $1,634 (↑0.0%)
# 1-326	1BR	1	770	$1,634	Inactive	Dec 20	229
# 2-417	1BR	1	764	$1,625	Inactive	Oct 23	1
# 2-221	1BR	1	852	$1,620	Inactive	Mar 2	55
Apt 259	1BR	1	874	$1,619	Inactive	Oct 27	714
# 1-145	1BR	1	760	$1,617	Inactive	Aug 9	1
# 2-317	1BR	1	764	$1,614	Inactive	Aug 15	1
# 2-113	1BR	1	844	$1,611	Inactive	Dec 21	56
Apt 147	2BR	2	1,053	$1,605	Inactive	Oct 27	286
	1BR	1	844	$1,601	Inactive	Mar 17	1
Feb $1,449 → Feb $1,449 → Feb $1,618 → Feb $1,618 → Mar $1,601 → Mar $1,601 (↑10.5%)
# 236	1BR	1	923	$1,599	Inactive	Mar 8	7
	1BR	1	616	$1,595	Inactive	Dec 20	1
Dec $1,595
Apt 439	1BR	1	742	$1,595	Inactive	Jan 22	455
# 2-417	1BR	1	764	$1,590	Inactive	Oct 12	44
# 2-321	1BR	1	852	$1,588	Inactive	May 15	16
Apt 483	2BR	2	1,053	$1,585	Inactive	Dec 4	248
	1BR	1	588	$1,579	Inactive	Feb 27	1
Sep $1,327 → Dec $1,449 → Jan $1,329 → Jan $1,329 → Feb $1,329 → Feb $1,329 → Feb $1,579 (↑19.0%)
# 2-217	1BR	1	764	$1,575	Inactive	Oct 22	2
# 2-140	1BR	1	675	$1,566	Inactive	Oct 22	2
# 2-423	1BR	1	588	$1,557	Inactive	Sep 5	1
# 2-340	1BR	1	675	$1,551	Inactive	Sep 7	1
# 1-405	1BR	1	760	$1,550	Inactive	Apr 7	96
Apt 428	1BR	1	770	$1,549	Inactive	Oct 27	714
	1BR	1	764	$1,548	Inactive	Apr 3	1
Feb $1,606 → Mar $1,590 → Mar $1,590 → Apr $1,548 (↓3.6%)
	1BR	1	844	$1,547	Inactive	Sep 30	1
Sep $1,547
# 1-453	1BR	1	760	$1,547	Inactive	Feb 16	36
# 1-177	1BR	1	760	$1,546	Inactive	Feb 18	49
	1BR	1	588	$1,545	Inactive	Jan 20	1
Jan $1,545
	1BR	1	616	$1,541	Inactive	Feb 27	1
Jan $1,567 → Jan $1,567 → Feb $1,574 → Feb $1,541 → Feb $1,541 (↓1.7%)
# 2-131	1BR	1	675	$1,539	Inactive	Aug 15	1
# 1-173	1BR	1	760	$1,538	Inactive	May 15	33
# 1-451	1BR	1	672	$1,537	Inactive	Sep 7	1
# 2-242	1BR	1	742	$1,537	Inactive	Mar 23	88
# 1-163	1BR	1	672	$1,536	Inactive	Sep 5	1
	1BR	1	588	$1,530	Inactive	Apr 3	1
Apr $1,530
# 2-136	1BR	1	923	$1,529	Inactive	Nov 25	55
Apt 175	1BR	1	760	$1,529	Inactive	Aug 5	431
	1BR	1	588	$1,528	Inactive	Feb 18	1
Dec $1,273 → Jan $1,279 → Jan $1,545 → Jan $1,545 → Feb $1,528 → Feb $1,528 (↑20.0%)
# 2-101	1BR	1	764	$1,528	Inactive	Apr 26	19
# 1-477	1BR	1	760	$1,526	Inactive	Mar 23	15
# 1-103	1BR	1	760	$1,525	Inactive	Apr 28	33
# 1-107	1BR	1	760	$1,522	Inactive	Mar 23	34
# 2-139	1BR	1	742	$1,521	Inactive	Mar 23	86
# 1-375	1BR	1	760	$1,521	Inactive	Apr 7	19
Apt 201	1BR	1	764	$1,520	Inactive	Jun 26	48
Apt 417	1BR	1	764	$1,519	Inactive	Aug 19	53
Apt 426	1BR	1	770	$1,519	Inactive	Dec 19	460
# 1-175	1BR	1	760	$1,518	Inactive	Dec 20	31
# 1-466	1BR	1	770	$1,517	Inactive	Dec 21	93
# 1-374	1BR	1	760	$1,517	Inactive	Jan 20	26
	1BR	1	588	$1,516	Inactive	Mar 18	1
Oct $1,321 → Jun $1,334 → Feb $1,577 → Feb $1,577 → Feb $1,543 → Feb $1,543 → Mar $1,516 → Mar $1,516 (↑14.8%)
# 2-408	1BR	1	675	$1,515	Inactive	Oct 11	23
# 2-408	1BR	1	675	$1,515	Inactive	Oct 22	2
	1BR	1	675	$1,514	Inactive	Apr 1	1
Feb $1,572 → Feb $1,572 → Mar $1,555 → Mar $1,307 → Apr $1,514 (↓3.7%)
	1BR	1	588	$1,509	Inactive	Apr 3	1
Jan $1,495 → Feb $1,329 → Feb $1,597 → Mar $1,567 → Mar $1,567 → Mar $1,215 → Apr $1,509 (↑0.9%)
Apt 135	1BR	1	764	$1,507	Inactive	Dec 19	233
Apt 474	1BR	1	760	$1,501	Inactive	Mar 8	44
# 1-259	1BR	1	874	$1,499	Inactive	Oct 11	101
# 2-239	1BR	1	742	$1,497	Inactive	Mar 23	53
# 1-166	1BR	1	770	$1,494	Inactive	Aug 15	1
# 1-431	1BR	1	616	$1,491	Inactive	Sep 7	1
Apt 140	1BR	1	675	$1,489	Inactive	Feb 4	614
Apt 241	1BR	1	675	$1,489	Inactive	Oct 27	659
Apt 442	1BR	1	742	$1,489	Inactive	Mar 10	70
# 2-210	1BR	1	675	$1,485	Inactive	Oct 22	2
# 1-153	1BR	1	760	$1,482	Inactive	Dec 21	163
# 2-144	1BR	1	588	$1,480	Inactive	Oct 11	25
# 2-444	1BR	1	588	$1,480	Inactive	Oct 22	2
# 2-123	1BR	1	588	$1,480	Inactive	Oct 22	2
# 2-144	1BR	1	588	$1,480	Inactive	Oct 22	1
Apt 301	1BR	1	764	$1,479	Inactive	Feb 20	423
# 1-338	1BR	1	770	$1,477	Inactive	May 17	33
Apt 133	1BR	1	764	$1,475	Inactive	Oct 27	286
# 1-445	1BR	1	760	$1,474	Inactive	Jun 1	41
# 1-415	1BR	1	616	$1,473	Inactive	Sep 5	1
	1BR	1	675	$1,471	Inactive	Jun 3	1
Jun $1,471
# 1-430	1BR	1	672	$1,470	Inactive	Nov 25	230
Apt 436	1BR	1	923	$1,470	Inactive	Jan 12	209
	1BR	1	923	$1,469	Inactive	Jan 31	1
Jan $1,469 → Jan $1,469 → Jan $1,469 (↑0.0%)
Apt 217	1BR	1	764	$1,469	Inactive	Jul 22	81
Apt 275	1BR	1	760	$1,469	Inactive	Jul 22	27
Apt 459	1BR	1	874	$1,469	Inactive	Mar 8	72
Apt 159	1BR	1	874	$1,465	Inactive	Dec 18	234
	1BR	1	675	$1,464	Inactive	Jun 17	1
May $1,421 → Jun $1,464 → Jun $1,464 → Jun $1,464 (↑3.0%)
Apt 207	1BR	1	760	$1,459	Inactive	Aug 27	328
Apt 401	1BR	1	764	$1,450	Inactive	Feb 4	186
Apt 437	1BR	1	764	$1,450	Inactive	Jan 22	199
# 1-443	1BR	1	672	$1,449	Inactive	Apr 7	96
# 1-238	1BR	1	770	$1,449	Inactive	Dec 20	29
Apt 228	1BR	1	770	$1,449	Inactive	Oct 27	712
Apt 405	1BR	1	760	$1,449	Inactive	Jan 22	474
Apt 113	1BR	1	844	$1,449	Inactive	Mar 15	46
# 1-464	1BR	1	672	$1,448	Inactive	Mar 23	15
	1BR	1	760	$1,446	Inactive	May 12	1
May $1,446
	1BR	1	764	$1,445	Inactive	Dec 20	1
Sep $1,562 → Dec $1,445 → Dec $1,445 (↓7.5%)
Apt 242	1BR	1	742	$1,440	Inactive	Oct 28	285
Apt 210	1BR	1	675	$1,439	Inactive	Aug 18	29
Apt 203	1BR	1	760	$1,439	Inactive	May 12	123
Apt 413	1BR	1	844	$1,439	Inactive	Feb 20	434
	1BR	1	675	$1,437	Inactive	Oct 1	1
Oct $1,437
# 1-353	1BR	1	760	$1,431	Inactive	Jun 20	22
# 1-424	1BR	1	616	$1,431	Inactive	Oct 23	1
	1BR	1	760	$1,426	Inactive	Jun 15	1
Jun $1,426
Apt 324	1BR	1	588	$1,425	Inactive	Mar 26	162
Apt 237	1BR	1	764	$1,425	Inactive	May 26	79
Apt 340	1BR	1	675	$1,422	Inactive	Feb 28	162
	1BR	1	672	$1,421	Inactive	Jun 18	1
Jun $1,421 → Jun $1,421 (↑0.0%)
	1BR	1	672	$1,421	Inactive	Jun 11	1
May $1,411 → May $1,411 → Jun $1,421 → Jun $1,421 (↑0.7%)
Apt 263	1BR	1	672	$1,419	Inactive	Jul 8	95
Apt 408	1BR	1	675	$1,419	Inactive	Sep 16	25
Apt 431	1BR	1	675	$1,419	Inactive	Oct 27	713
Apt 230	1BR	1	672	$1,419	Inactive	Oct 27	668
Apt 372	1BR	1	770	$1,419	Inactive	Apr 22	53
Apt 173	1BR	1	760	$1,419	Inactive	Apr 8	33
Apt 328	1BR	1	770	$1,419	Inactive	Jan 11	450
# 1-433	1BR	1	616	$1,417	Inactive	Sep 5	1
# 1-402	1BR	1	672	$1,417	Inactive	Jan 20	193
	1BR	1	672	$1,416	Inactive	May 12	1
May $1,416
Apt 451	1BR	1	672	$1,416	Inactive	Mar 9	44
Apt 330	1BR	1	844	$1,415	Inactive	Oct 27	286
# 2-410	1BR	1	675	$1,414	Inactive	Feb 16	106
	1BR	1	760	$1,411	Inactive	Feb 9	1
Feb $1,411
# 1-440	1BR	1	616	$1,410	Inactive	Oct 22	2
# 2-208	1BR	1	675	$1,409	Inactive	Nov 27	117
Apt 144	1BR	1	588	$1,409	Inactive	May 11	128
Apt 172	1BR	1	770	$1,409	Inactive	Mar 15	57
Apt 326	1BR	1	770	$1,409	Inactive	Oct 28	526
# 2-215	1BR	1	675	$1,408	Inactive	Jun 21	21
# 1-356	1BR	1	672	$1,406	Inactive	Mar 23	87
Apt 347	1BR	1	588	$1,405	Inactive	Aug 27	8
	1BR	1	770	$1,402	Inactive	Jan 10	1
Jan $1,402
	1BR	1	675	$1,401	Inactive	May 26	1
May $1,401
Apt 277	1BR	1	760	$1,401	Inactive	May 25	80
Apt 126	1BR	1	770	$1,401	Inactive	Apr 24	111
# 2-140	1BR	1	675	$1,400	Inactive	Oct 12	99
# 2-431	1BR	1	675	$1,399	Inactive	Mar 23	53
# 444	1BR	1	588	$1,399	Inactive	Oct 27	714
Apt 423	1BR	1	588	$1,399	Inactive	Jul 9	40
Apt 229	1BR	1	675	$1,399	Inactive	Dec 18	544
Apt 379	1BR	1	760	$1,399	Inactive	Mar 10	452
	1BR	1	672	$1,396	Inactive	Jun 6	1
Jun $1,396
	1BR	1	675	$1,395	Inactive	Jun 16	1
May $1,413 → May $1,352 → Jun $1,395 → Jun $1,395 (↓1.3%)
# 1-429	1BR	1	616	$1,390	Inactive	Oct 22	2
Apt 131	1BR	1	616	$1,389	Inactive	Jun 15	93
Apt 146	1BR	1	588	$1,389	Inactive	Oct 27	689
# 2-311	1BR	1	764	$1,388	Inactive	Nov 25	25
# 2-337	1BR	1	764	$1,388	Inactive	Nov 26	24
# 2-217	1BR	1	764	$1,388	Inactive	Oct 11	69
# 1-265	1BR	1	672	$1,385	Inactive	May 15	34
	1BR	1	672	$1,381	Inactive	Oct 1	1
Oct $1,381
Apt 446	1BR	1	588	$1,379	Inactive	Sep 16	25
Apt 447	1BR	1	588	$1,379	Inactive	Jul 23	444
Apt 267	1BR	1	672	$1,379	Inactive	Mar 10	3
Apt 407	1BR	1	760	$1,379	Inactive	Jun 2	280
	1BR	1	760	$1,377	Inactive	Dec 27	1
Sep $1,499 → Dec $1,377 (↓8.1%)
# 2-123	1BR	1	588	$1,377	Inactive	Oct 12	69
# 2-110	1BR	1	675	$1,377	Inactive	Nov 25	25
Apt 473	1BR	1	760	$1,376	Inactive	Feb 28	162
Apt 472	1BR	1	770	$1,376	Inactive	Oct 27	286
# 1-418	1BR	1	672	$1,375	Inactive	Jun 21	41
Apt 233	1BR	1	764	$1,375	Inactive	Oct 29	284
	1BR	1	742	$1,371	Inactive	May 30	1
May $1,371 → May $1,371 (↑0.0%)
	1BR	1	616	$1,370	Inactive	Jun 15	1
May $1,345 → Jun $1,370 (↑1.9%)
# 1-302	1BR	1	672	$1,370	Inactive	Feb 17	105
Apt 403	1BR	1	760	$1,369	Inactive	May 31	6
# 225	1BR	1	588	$1,369	Inactive	Mar 8	1
	1BR	1	672	$1,362	Inactive	Jun 14	1
Jun $1,362 → Jun $1,362 (↑0.0%)
# 1-256	1BR	1	672	$1,361	Inactive	Nov 5	192
Apt 243	1BR	1	672	$1,359	Inactive	Mar 17	21
# 2-447	1BR	1	588	$1,357	Inactive	Nov 27	77
# 2-424	1BR	1	588	$1,354	Inactive	Feb 19	32
	1BR	1	675	$1,351	Inactive	May 31	1
May $1,351
	1BR	1	675	$1,351	Inactive	May 21	1
May $1,351
	1BR	1	675	$1,350	Inactive	Oct 1	1
Oct $1,350
	1BR	1	675	$1,350	Inactive	Sep 30	1
Sep $1,350
Apt 421	1BR	1	616	$1,349	Inactive	May 20	89
Apt 467	1BR	1	672	$1,349	Inactive	Apr 6	409
Apt 353	1BR	1	760	$1,349	Inactive	Apr 30	11
# 2-448	1BR	1	588	$1,347	Inactive	Sep 17	1
# 1-269	1BR	1	672	$1,347	Inactive	Jul 12	21
	1BR	1	764	$1,345	Inactive	Mar 25	1
Dec $1,773 → Jan $1,795 → Jan $1,795 → Feb $1,771 → Feb $1,737 → Mar $1,710 → Mar $1,710 → Mar $1,710 → Mar $1,345 (↓24.1%)
	1BR	1	616	$1,345	Inactive	May 27	1
May $1,360 → May $1,345 (↓1.1%)
Apt 425	1BR	1	588	$1,342	Inactive	Feb 4	186
	1BR	1	588	$1,341	Inactive	Sep 21	1
Sep $1,341
# 1-143	1BR	1	672	$1,337	Inactive	Nov 5	44
	1BR	1	672	$1,334	Inactive	Dec 21	1
Dec $1,334 → Dec $1,334 (↑0.0%)
# 1-227	1BR	1	616	$1,334	Inactive	Jul 16	12
	1BR	1	672	$1,332	Inactive	Jan 8	1
Jan $1,332
Apt 165	1BR	1	672	$1,329	Inactive	May 20	26
# 2-210	1BR	1	675	$1,327	Inactive	Oct 12	69
# 1-135	1BR	1	616	$1,326	Inactive	Mar 2	20
# 1-311	1BR	1	616	$1,325	Inactive	May 17	77
# 1-215	1BR	1	616	$1,325	Inactive	Jun 20	42
Apt 338	1BR	1	770	$1,325	Inactive	Oct 28	285
# 1-231	1BR	1	616	$1,324	Inactive	Jul 15	18
# 1-113	1BR	1	616	$1,323	Inactive	Jan 21	26
Apt 356	1BR	1	672	$1,321	Inactive	Feb 19	171
Apt 466	1BR	1	770	$1,321	Inactive	Oct 27	286
	1BR	1	616	$1,320	Inactive	Jun 15	1
Jun $1,320 → Jun $1,320 (↑0.0%)
# 1-330	1BR	1	672	$1,320	Inactive	Nov 26	53
Apt 411	1BR	1	616	$1,319	Inactive	Mar 26	564
# 148	1BR	1	588	$1,319	Inactive	Oct 27	660
Apt 424	1BR	1	588	$1,319	Inactive	Apr 7	133
Apt 123	1BR	1	588	$1,319	Inactive	Jan 22	572
Apt 269	1BR	1	672	$1,319	Inactive	Apr 24	17
Apt 327	1BR	1	616	$1,319	Inactive	Mar 8	1
Apt 245	1BR	1	588	$1,317	Inactive	Apr 6	125
# 1-329	1BR	1	616	$1,316	Inactive	Nov 26	169
Apt 453	1BR	1	760	$1,316	Inactive	Oct 27	286
	1BR	1	742	$1,315	Inactive	Mar 27	1
Jan $1,429 → Feb $1,429 → Mar $1,674 → Mar $1,674 → Mar $1,674 → Mar $1,315 → Mar $1,315 (↓8.0%)
Apt 129	1BR	1	675	$1,315	Inactive	Oct 27	286
Apt 240	1BR	1	675	$1,315	Inactive	Oct 28	285
	1BR	1	616	$1,314	Inactive	May 28	1
May $1,329 → May $1,314 → May $1,314 (↓1.1%)
# 2-323	1BR	1	588	$1,311	Inactive	Sep 14	1
# 2-225	1BR	1	588	$1,311	Inactive	Feb 17	35
Apt 464	1BR	1	672	$1,311	Inactive	Jan 11	210
Apt 125	1BR	1	588	$1,310	Inactive	May 15	90
# 1-327	1BR	1	616	$1,308	Inactive	Nov 25	153
# 2-248	1BR	1	588	$1,307	Inactive	Jan 22	25
	1BR	1	616	$1,306	Inactive	Sep 25	1
Sep $1,306
# 1-322	1BR	1	616	$1,303	Inactive	Jan 20	97
# 1-440	1BR	1	616	$1,299	Inactive	Oct 12	100
Apt 367	1BR	1	672	$1,299	Inactive	Apr 7	61
Apt 130	1BR	1	672	$1,299	Inactive	Dec 18	518
Apt 251	1BR	1	672	$1,299	Inactive	Feb 20	453
Apt 463	1BR	1	672	$1,299	Inactive	Apr 22	8
Apt 239	1BR	1	742	$1,299	Inactive	Oct 27	542
Apt 248	1BR	1	588	$1,299	Inactive	Nov 5	503
	1BR	1	588	$1,291	Inactive	Sep 25	1
Sep $1,291
Apt 221	1BR	1	616	$1,289	Inactive	Aug 27	256
Apt 213	1BR	1	616	$1,289	Inactive	Mar 16	7
Apt 311	1BR	1	616	$1,285	Inactive	Dec 5	247
Apt 211	1BR	1	616	$1,280	Inactive	Oct 28	311
Apt 156	1BR	1	672	$1,279	Inactive	Apr 7	385
Apt 333	1BR	1	616	$1,279	Inactive	Mar 15	23
Apt 433	1BR	1	616	$1,275	Inactive	Nov 18	264
# 1-111	1BR	1	616	$1,274	Inactive	Dec 20	30
# 1-213	1BR	1	616	$1,272	Inactive	Nov 25	83
Apt 456	1BR	1	672	$1,271	Inactive	Dec 17	235
Apt 266	1BR	1	770	$1,271	Inactive	Oct 28	285
Apt 215	1BR	1	616	$1,270	Inactive	Apr 6	125
Apt 351	1BR	1	672	$1,269	Inactive	May 31	7
Apt 422	1BR	1	616	$1,266	Inactive	Oct 27	286
	1BR	1	616	$1,266	Inactive	Apr 3	1
Apr $1,266
Apt 445	1BR	1	588	$1,260	Inactive	Oct 27	286
Apt 111	1BR	1	616	$1,259	Inactive	Apr 16	434
Apt 364	1BR	1	672	$1,256	Inactive	May 17	88
	1BR	1	675	$1,255	Inactive	Mar 26	1
Jan $1,529 → Jan $1,529 → Jan $1,529 → Feb $1,359 → Feb $1,634 → Feb $1,634 → Mar $1,604 → Mar $1,255 (↓17.9%)
Apt 440	1BR	1	616	$1,246	Inactive	Oct 27	286
Apt 365	1BR	1	672	$1,236	Inactive	Apr 16	115
Apt 223	1BR	1	588	$1,230	Inactive	Dec 18	234
# 323	1BR	1	588	$1,230	Inactive	Nov 18	264
Apt 319	1BR	1	616	$1,229	Inactive	Apr 22	37
Apt 415	1BR	1	616	$1,219	Inactive	Dec 18	543
Apt 127	1BR	1	616	$1,195	Inactive	Nov 5	277
	1BR	1	588	$1,165	Inactive	Mar 26	1
Jan $1,545 → Jan $1,545 → Jan $1,545 → Feb $1,528 → Feb $1,519 → Mar $1,165 (↓24.6%)
A6	1BR	1	760	—	Inactive	Mar 22	—
A10	1BR	1	852	—	Inactive	Mar 22	—
A12	1BR	1	923	—	Inactive	Mar 22	—
B7	2BR	2	1,238	—	Inactive	Mar 22	—
B9	2BR	2	1,280	—	Inactive	Mar 22	—
C1	3BR	2	1,434	—	Inactive	Mar 22	—

Rental Notes

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Demographics

Affordability and Demand Positioning

Mustang Station operates at a 22.2–20.4% affordability ratio across radii, which signals tight fit for the core 1-mile submarket ($83.9K median income supports ~$1,865/month; the property rents $1,653) but strengthens materially at the 5-mile ring where $96.5K income justifies current pricing. The property captures middle-to-upper-income renters: at the 3-mile radius, 42.8% of households earn $100K+, indicating strong ability to support market rent without subsidy dependency.

Renter Concentration and Supply Dynamics

Renter penetration accelerates dramatically from 36.2% (1-mile) to 62.1% (5-mile), signaling the property sits at the urban-to-suburban inflection—immediate area shows weak multifamily demand but the broader 3–5 mile markets are renter-saturated with high conversion potential. This geographic arbitrage suggests the 256-unit asset can draw tenants from a 5-mile talent pool of 69.5K renter households, providing leasing cushion despite modest local owner-occupancy.

Income Distribution: Upper-Workforce Skew

The bimodal skew toward $100K+ (42.8% at 3-mile; 44.1% at 5-mile) combined with shrinking sub-$50K cohorts (24.7% at 3-mile) confirms an affluent renter profile—not workforce housing. This supports the $1,653 rent without income strain for the target tenant but narrows addressable market if economic downside compresses upper-income mobility.

AI analysis · Updated 9 days ago

1-Mile Radius

Population: 8,294
Households: 2,727
Avg Household Size: 3.04
Median HH Income: $83,948
Median Home Value: $288,354
Median Rent: $1,554
% Renter Occupied: 36.2%
Affordability: 22.2% (rent/income)
Income Distribution: <$25k $150k+

3-Mile Radius

Population: 85,765
Households: 32,515
Avg Household Size: 2.78
Median HH Income: $87,392
Median Home Value: $322,458
Median Rent: $1,639
% Renter Occupied: 52.5%
Affordability: 22.5% (rent/income)
Income Distribution: <$25k $150k+

5-Mile Radius

Population: 270,684
Households: 112,068
Avg Household Size: 2.55
Median HH Income: $96,457
Median Home Value: $372,608
Median Rent: $1,643
% Renter Occupied: 62.1%
Affordability: 20.4% (rent/income)
Income Distribution: <$25k $150k+

Source: US Census ACS 5-Year Estimates (2023) · 2 tracts (1mi)

Demographics Notes

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Unit Mix

Unit Mix & Rent Profile

Mustang Station shows a severe 1BR concentration (279 units; 109% of total—data inconsistency noted) that skews the property toward young professionals and singles, with 2BR and 3BR+ representing only 6.2% combined. Among listed units, 1BR rents $1,481/month at 690 sqft ($2.14/sqft), while 2BR commands $1,937 at 1,119 sqft ($1.73/sqft), indicating weak rent-per-square-foot scaling—a red flag for revenue optimization and refinance appeal. The severe 1BR overweight and minimal family-sized inventory misalign with typical market diversification and limit pricing power in recessionary scenarios when tenant demand often shifts toward larger units.

AI analysis · Updated 9 days ago

Estimated from 437 listed units (170.7% of 256 total)

1BR 279 units

2BR 155 units

3BR+ 3 units

Unit Mix Notes

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Amenities

Pet Policy

Pet-Friendly

Amenities Notes

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Appraisal History

Mustang Station shows 5.9% appreciation to $50.1M in the 2025 appraisal, translating to $195.7K per unit—solid for a 2012-vintage asset in what appears to be a stabilized market. The 95.8% improvement-to-total ratio leaves minimal redevelopment optionality; land represents only $2.1M of enterprise value, suggesting limited land play or significant density upside without major structural repositioning. Single-year data prevents trend analysis, but the recent YoY gain indicates no distress signal and supports current market pricing for similar vintage product.

AI analysis · Updated 21 days ago

Year	Total Value	Change
2025	$50,092,970	+5.9%

Appraisal Notes

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Reviews Notes

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Sources Notes

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