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14100 Golden Pass Road Balch Springs, TX 75181

4 Beds 2 Baths 2,107 sqft Built 2005

$265,000

List Price

$1,810

$1.6K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $125.77
  • 4 Days on Market
  • MLS # : 14540565
  • Updated Date : 03/26/2021 at 18:20
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,107 sqft
  • Baths : 2 full
Listing Agent

Re/max Town & Country

Listing Agent's Description

Beautiful corner lot move in ready home in quiet Pioneer Bluffs subdivision. It features 4 bedrooms, 2 baths, 2 dinning areas and 2 car garage. You will love the split bedroom layout for privacy and the open floor plan to entertain in. Home also includes sprinkler system. Shower door in master bedroom is getting replaced. Interior of home was painted approximately 2 yrs ago and exterior about 1.5 year ago. Come watch the beautiful sunset from the swing in the covered backyard patio. Refrigerator, washer and dryer will convey with reasonable offer. Seller is willing to sell most of the furniture please feel free to ask. Buyer’s agent to verify all information including and not limited to sq. ft, schools & comps.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Pioneer Bluffs

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240kPrice in $76k243k

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

Neighborhood: Pioneer Bluffs

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
Berry Middle School Middle Regular 910 55 5
John Horn High School High Regular 2,284 140 4
Berry Middle School Middle Unknown NA

Berry Middle School

  • Education Level: Middle
  • # of students: 910
  • # of teachers: 55
5
GreatSchools Rating

John Horn High School

  • Education Level: High
  • # of students: 2,284
  • # of teachers: 140
4
GreatSchools Rating

Berry Middle School

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

$238,500$291,500$265,000

PURCHASE PRICE

$1,629$1,991$1,810

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,810
EXPENSES Loan Payment -$920
Property Tax -$658
Property Insurance -$149
HOA -$17
Property Management Fees -$99
CASH FLOW
-$33

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.

$265,000

PROJECTED PRICE

$1,810

PROJECTED RENT

0.68%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 6.3%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,975

INVESTMENT

$75,975

Down Payment
$66,250
Rehab Estimate
$5,750
Closing Costs
$3,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$920

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $66,250
Loan Amount $198,750
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$7,595

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,810

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,907

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,725
1$1,7252$1,8103$1,8504$1,9505$2,100
$2,100
RENT COMPS ANALYSIS
  • 14100 Golden Pass Road Balch Springs, TX 2
    • 4 beds 2 baths ∙ 2,107 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,107 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,810
    • $0.86
    •  
  • 12906 Hilltop Drive Balch Springs, TX 1
    • 4 beds 3 baths ∙ 1,981 Sqft ∙ Built 1993 4 beds 3 baths ∙ 1,981 Sqft ∙ Built 1993
    property image
    LEASED 03/03/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.87
    •  
  • 809 Cavern Drive Mesquite, TX 3
    • 4 beds 2 baths ∙ 2,179 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,179 Sqft ∙ Built 2003
    property image
    LEASED 07/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.85
    •  
  • 2305 Valley Falls Avenue Mesquite, TX 4
    • 4 beds 2 baths ∙ 1,986 Sqft ∙ Built 1994 4 beds 2 baths ∙ 1,986 Sqft ∙ Built 1994
    property image
    LEASED 02/09/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.98
    •  
  • 826 Spring Mills Road Mesquite, TX 5
    • 4 beds 2 baths ∙ 2,281 Sqft ∙ Built 1992 4 beds 2 baths ∙ 2,281 Sqft ∙ Built 1992
    property image
    LEASED 01/30/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.92
    •  
PROPERTY LISTING DETAILS
Maria Sanchez
Re/max Town & Country
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14540565
Last Updated: 03/26/2021
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