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4725 Elm Point Drive 
Balch Springs, TX
75180
3 Beds 2 Baths 2,060 sqft
Built 2003
INVESTimate
$219,900
List Price
$64,024
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PROPERTY INFO
FACTS
- Built In 2003
- Price/Sqft : $106.75
- 3 Days on Market
- MLS # : 14360213
- Updated Date : 08/24/2020 at 11:00
CONSTRUCTION
- Beds : 3
- Floor Size : 2,060 sqft
- Baths : 2 full
Listing Agent
Sonya Realty, Llc
Listing Agent's Description
Lovely spacious one story open floor plan . 3 bed room ,2 full baths ,2 car garage , lots of storage areas. easy access from I-635 & I-20 .House is sold AS IS . Buyer can remodel base on their taste . Fresh paint & new carpet makes a big difference .nice quite neighborhood . Seller does not have survey & will not pay for one.
SEE MORE
- . 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Spring Ridge South
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Spring Ridge South
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,510 |
| EXPENSES | Loan Payment | -$811 |
| Property Tax | -$546 | |
| Property Insurance | -$146 | |
| HOA | -$15 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$108
|
||
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.
$219,900
PROJECTED PRICE
$1,510
PROJECTED RENT
0.69%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.74% |
| Appreciation Year (1-5) | 11.28% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.69% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$64,024
LOAN DETAILS
$811
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $54,975 |
| Loan Amount | $164,925 |
1.92
YEARS SAVED
$3,328
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,510
LIST RENT -
$0.73
LIST RENT PER SQFT
-
$1,571
COMP ESTIMATED VALUE -
$0.76
COMP AVG. RENT PER SQFT
Comps Range
-
4725 Elm Point Drive Balch Springs, TX 1
- 3 beds 2 baths ∙ 2,060 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,060 Sqft ∙ Built 2003
- Rent
- Rent Per SQFT
- $1,510
- $0.73
-
4642 Elm Point Drive Balch Springs, TX 2
- 3 beds 2 baths ∙ 2,100 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,100 Sqft ∙ Built 2005
LEASED 10/25/19- Rent
- Rent Per SQFT
- $1,525
- $0.73
-
4701 Bridlewood Lane Balch Springs, TX 3
- 3 beds 3 baths ∙ 2,228 Sqft ∙ Built 2008 3 beds 3 baths ∙ 2,228 Sqft ∙ Built 2008
LEASED 01/28/20- Rent
- Rent Per SQFT
- $1,595
- $0.72
-
14840 Bell Manor Court Balch Springs, TX 4
- 4 beds 2 baths ∙ 1,892 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,892 Sqft ∙ Built 2005
LEASED 08/30/19- Rent
- Rent Per SQFT
- $1,599
- $0.85
-
14828 Broadview Drive Balch Springs, TX 5
- 4 beds 3 baths ∙ 2,318 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,318 Sqft ∙ Built 2003
LEASED 04/06/20- Rent
- Rent Per SQFT
- $1,750
- $0.75
PROPERTY LISTING DETAILS
Sonya Realty, Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14360213
Last Updated: 08/24/2020
