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2529 Pioneer Bluffs Balch Springs, TX 75181

4 Beds 3 Baths 2,257 sqft Built 2009

$239,990

List Price

$1,850

$1.7K - $2K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2009
  • Price/Sqft : $106.33
  • 2 Days on Market
  • MLS # : 14481814
  • Updated Date : 12/05/2020 at 11:19
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,257 sqft
  • Baths : 2 full , 1 half
Listing Agent

Eric Gerard Realty

Listing Agent's Description

Adorable well maintained 2-story brick home! This charming home offers 4 spacious bedrooms, 2 full bath, 1 half bath and 2 living areas. Flooring in both living areas were recently upgraded to a beautiful wood finish. Downstairs you will enjoy a open concept living room with HUGE kitchen and half bathroom, perfect for entertaining. The oversized master bedroom sits on the 2nd floor and features a soaking tub and a very nice sized walk in closet. This home has everything you need and more!

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
Gentry Elementary School Primary Regular 820 49 7
Gentry Elementary School Middle Regular 820 49 7
John Horn High School High Regular 2,284 140 4

Gentry Elementary School

  • Education Level: Primary
  • # of students: 820
  • # of teachers: 49
7
GreatSchools Rating

Gentry Elementary School

  • Education Level: Middle
  • # of students: 820
  • # of teachers: 49
7
GreatSchools Rating

John Horn High School

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

$215,991$263,989$239,990

PURCHASE PRICE

$1,665$2,035$1,850

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,850
EXPENSES Loan Payment -$885
Property Tax -$582
Property Insurance -$158
HOA -$17
Property Management Fees -$99
CASH FLOW
$109

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.

$239,990

PROJECTED PRICE

$1,850

PROJECTED RENT

0.77%

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-$2.0k$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$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$69,347

INVESTMENT

$69,347

Down Payment
$59,998
Rehab Estimate
$5,750
Closing Costs
$3,600

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$885

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $59,998
Loan Amount $179,993
See What Happens When You Reinvest Cash Flow

6.33

YEARS SAVED

$20,695

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,850

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $1,834

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,6503$1,8004$1,8505$1,850
$1,850
RENT COMPS ANALYSIS
  • 2529 Pioneer Bluffs Balch Springs, TX 5
    • 4 beds 3 baths ∙ 2,257 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,257 Sqft ∙ Built 2009
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.82
    •  
  • 2817 Cameron Way Mesquite, TX 1
    • 4 beds 2 baths ∙ 1,988 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,988 Sqft ∙ Built 2006
    property image
    LEASED 08/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.80
    •  
  • 708 Carver Street Mesquite, TX 2
    • 3 beds 2 baths ∙ 2,031 Sqft ∙ Built 1994 3 beds 2 baths ∙ 2,031 Sqft ∙ Built 1994
    property image
    LEASED 06/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.81
    •  
  • 826 Spring Mills Road Mesquite, TX 3
    • 4 beds 2 baths ∙ 2,281 Sqft ∙ Built 1992 4 beds 2 baths ∙ 2,281 Sqft ∙ Built 1992
    property image
    LEASED 11/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.79
    •  
  • 809 Cavern Drive Mesquite, TX 4
    • 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
    •  
PROPERTY LISTING DETAILS
Rodney Ayers
Eric Gerard Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14481814
Last Updated: 12/05/2020
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