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14820 Ledgeview Court Balch Springs, TX 75180

4 Beds 3 Baths 2,504 sqft Built 2005

$239,900

List Price

$1,730

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $95.81
  • 3 Days on Market
  • MLS # : 14496335
  • Updated Date : 01/09/2021 at 10:58
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,504 sqft
  • Baths : 2 full , 1 half
Listing Agent

Texas Premier Realty

Listing Agent's Description

**!! Multiple Offers received Highest and Best due by 8pm Sat 1-9 !!** Beautiful, well maintained, spacious, home in a great neighborhood, close to dining, shopping, and an easy commute to Dallas or surrounding areas. This 4 bed, 2.5 bath, 2 car garage home features; fresh paint, new appliances, granite countertops, an open floor plan, huge bedrooms, game room and a large backyard. The first floor Master is spacious, with tons of natural light and a huge master closet. The remaining bedrooms are upstairs, with one full bath, huge game room, and a large laundry room. Highly rated MISD Mackey Elementary School in neighborhood, within walking distance. Buyer or Agent to verify all details including measurements.

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Spring Ridge South

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240kPrice in $76k243k

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

Neighborhood: Spring Ridge South

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
Mackey Elementary School Primary Regular 954 60 3
Terry Middle School Middle Regular 821 52 7
John Horn High School High Regular 2,284 140 4

Mackey Elementary School

  • Education Level: Primary
  • # of students: 954
  • # of teachers: 60
3
GreatSchools Rating

Terry Middle School

  • Education Level: Middle
  • # of students: 821
  • # of teachers: 52
7
GreatSchools Rating

John Horn High School

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

$215,910$263,890$239,900

PURCHASE PRICE

$1,557$1,903$1,730

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,730
EXPENSES Loan Payment -$833
Property Tax -$596
Property Insurance -$172
HOA -$13
Property Management Fees -$99
CASH FLOW
$17

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.

$239,900

PROJECTED PRICE

$1,730

PROJECTED RENT

0.72%

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$200k$400k$600k$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$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$69,324

INVESTMENT

$69,324

Down Payment
$59,975
Rehab Estimate
$5,750
Closing Costs
$3,599

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$833

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $59,975
Loan Amount $179,925
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$9,634

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,730

    LIST RENT
  • $0.69

    LIST RENT PER SQFT
  • $1,859

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,7303$1,7504$1,7505$1,899
$1,899
RENT COMPS ANALYSIS
  • 14820 Ledgeview Court Balch Springs, TX 2
    • 4 beds 3 baths ∙ 2,504 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,504 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,730
    • $0.69
    •  
  • 4701 Bridlewood Lane Balch Springs, TX 1
    • 3 beds 3 baths ∙ 2,228 Sqft ∙ Built 2008 3 beds 3 baths ∙ 2,228 Sqft ∙ Built 2008
    property image
    LEASED 01/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.72
    •  
  • 14860 Bell Manor Court Balch Springs, TX 3
    • 4 beds 3 baths ∙ 2,358 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,358 Sqft ∙ Built 2004
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.74
    •  
  • 14828 Broadview Drive Balch Springs, TX 4
    • 4 beds 3 baths ∙ 2,318 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,318 Sqft ∙ Built 2003
    property image
    LEASED 04/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.75
    •  
  • 14706 Broadview Drive Balch Springs, TX 5
    • 4 beds 3 baths ∙ 2,504 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,504 Sqft ∙ Built 2006
    property image
    LEASED 10/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,899
    • $0.76
    •  
PROPERTY LISTING DETAILS
Jennifer Rodriguez
Texas Premier Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14496335
Last Updated: 01/09/2021
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