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11815 Asher Lane Balch Springs, TX 75180

3 Beds 2 Baths 1,317 sqft Built 1986

$174,900

List Price

$1,440

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
February 03, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $132.80
  • 5 Days on Market
  • MLS # : 14511165
  • Updated Date : 02/03/2021 at 18:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,317 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty Plano

Listing Agent's Description

Attention investors!!! Income-producing property!! Amazing bright and open floor plan home featuring high ceilings, spacious 3 bedrooms, master walking closet, 2 full baths, 2 car garage at the rear of the home, good size fenced backyard, separate laundry area, lots of cabinets in the kitchen and open to the dining room which has a window seat. Close to schools, and only minutes from the highway and shopping. Excellent Tenants in place, month to month, would like to stay. Property being sold as-is. New pictures coming up, these are old pictures.

SEE MORE

MARKET HIGHLIGHTS

  • Dallas metro contributes to 31.9%% of Texas state economy i.e. Gross State Product (USMayors.org, 2018)
  • Dallas metro has 67.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)
  • # 1 in the country for job growth in 2017 (2.6% growth, 91,700 new jobs) (US Census, Forbes, 2017)
  • Dallas metro's economy is worth $579 billion in Gross Metro Product and projected to grow to $613 billion in 2019 (USMayors.org, 2018)
  • Home to 20 Fortune 500 headquarters, 39 Fortune 1000 headquarters and 12 of Forbes' top private companies (Fortune)

PRICE & RENT TRENDS

Neighborhood: Hickory Creek Meadows

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240kPrice in $76k243k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Hickory Creek Meadows

NeighborhoodNIR Market*CityMarket2010Year20002019 Q280090010001100120013001400150016001700Rent in $7421734

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Frasier Middle School Middle Unknown NA
West Mesquite High School High Regular 1,935 129 3
West Mesquite High School High Unknown NA

Frasier Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

West Mesquite High School

  • Education Level: High
  • # of students: 1,935
  • # of teachers: 129
3
GreatSchools Rating

West Mesquite High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$157,410$192,390$174,900

PURCHASE PRICE

$1,296$1,584$1,440

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,440
EXPENSES Loan Payment -$608
Property Tax -$434
Property Insurance -$103
Property Management Fees -$99
CASH FLOW
$196

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$174,900

PROJECTED PRICE

$1,440

PROJECTED RENT

0.82%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 11.3%
Maintenance Year (1-5) 8.00%
Vacancy 6.69%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$52,099

INVESTMENT

$52,099

Down Payment
$43,725
Rehab Estimate
$5,750
Closing Costs
$2,624

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$608

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $43,725
Loan Amount $131,175
See What Happens When You Reinvest Cash Flow

9.5

YEARS SAVED

$23,058

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,440

    LIST RENT
  • $1.09

    LIST RENT PER SQFT
  • $1,439

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,4403$1,4504$1,4955$1,600
$1,600
RENT COMPS ANALYSIS
  • 11815 Asher Lane Balch Springs, TX 2
    • 3 beds 2 baths ∙ 1,317 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,317 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $1,440
    • $1.09
    •  
  • 11807 Sunrise Drive Balch Springs, TX 1
    • 3 beds 2 baths ∙ 1,334 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,334 Sqft ∙ Built 1986
    LEASED 07/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.05
    •  
  • 1424 Haney Lane Mesquite, TX 3
    • 3 beds 2 baths ∙ 1,336 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,336 Sqft ∙ Built 1985
    LEASED 09/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.09
    •  
  • 1016 Kory Drive Mesquite, TX 4
    • 3 beds 2 baths ∙ 1,312 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,312 Sqft ∙ Built 1997
    LEASED 12/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.14
    •  
  • 1009 Kory Drive Mesquite, TX 5
    • 3 beds 2 baths ∙ 1,463 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,463 Sqft ∙ Built 1996
    LEASED 05/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.09
    •  
PROPERTY LISTING DETAILS
Elizabeth Castro
Coldwell Banker Realty Plano
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14511165
Last Updated: 02/03/2021
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