Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

2668 Pioneer Bluffs Road Balch Springs, TX 75181

4 Beds 2 Baths 2,005 sqft Built 2005

$265,000

List Price

$1,660

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $132.17
  • 2 Days on Market
  • MLS # : 14514367
  • Updated Date : 02/06/2021 at 08:46
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,005 sqft
  • Baths : 2 full
Listing Agent

Re/max Town & Country

Listing Agent's Description

Welcome home where you can start creating lasting memories! This open floor concept is a wonderful place to call HOME. You will love to entertain family and friends in these two living areas and dinning room open to the kitchen. Let me mention the impressive .71 Acre yard with deck to relax in. while seeing your family enjoy themselves on a nice summer day. The full yard has not all been fenced in. Survey is attached. This home has it all!! 4 bedrooms, two full baths, high rise ceilings, hardwood floors, neutral paint, security system, surround system, recently installed roof, water heater and much more. Schedule your appointment before it's gone.

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: 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

$1,494$1,826$1,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,660
EXPENSES Loan Payment -$920
Property Tax -$658
Property Insurance -$143
HOA -$17
Property Management Fees -$99
CASH FLOW
-$177

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

$1,660

PROJECTED RENT

0.63%

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-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k

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 70% 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

1.17

YEARS SAVED

$1,490

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,660

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $1,759

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,6603$1,6754$1,7505$1,850
$1,850
RENT COMPS ANALYSIS
  • 2668 Pioneer Bluffs Road Balch Springs, TX 2
    • 4 beds 2 baths ∙ 2,005 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,005 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,660
    • $0.83
    •  
  • 3512 Louise Lane Balch Springs, TX 1
    • 3 beds 2 baths ∙ 1,850 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,850 Sqft ∙ Built 2010
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.81
    •  
  • 13126 Green Valley Drive Balch Springs, TX 3
    • 3 beds 2 baths ∙ 1,837 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,837 Sqft ∙ Built 1988
    LEASED 02/04/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.91
    •  
  • 3501 Kimberly Lane Balch Springs, TX 4
    • 3 beds 2 baths ∙ 1,867 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,867 Sqft ∙ Built 2012
    LEASED 08/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.94
    •  
  • 809 Cavern Drive Mesquite, TX 5
    • 4 beds 2 baths ∙ 2,179 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,179 Sqft ∙ Built 2003
    LEASED 07/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.85
    •  
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 #: 14514367
Last Updated: 02/06/2021
BESbswy