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4729 Kristie Drive Balch Springs, TX 75180

3 Beds 2 Baths 1,179 sqft Built 1983

$170,000

List Price

$1,310

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1983
  • Price/Sqft : $144.19
  • 5 Days on Market
  • MLS # : 14524323
  • Updated Date : 03/04/2021 at 19:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,179 sqft
  • Baths : 2 full
Listing Agent

Connect Realty.com, Inc.

Listing Agent's Description

Feature cultured marble counters in both bathrooms, granite in the kitchen, sliding back door, blinds

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: Spring Oaks

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240kPrice in $68k243k

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

Neighborhood: Spring Oaks

NeighborhoodNIR Market*CityMarket2010Year20002019 Q270080090010001100120013001400150016001700Rent in $6921734

* 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
A.c. New Middle School Middle Regular 1,120 76 5
West Mesquite High School High Regular 1,935 129 3
West Mesquite High School High Unknown NA

A.c. New Middle School

  • Education Level: Middle
  • # of students: 1,120
  • # of teachers: 76
5
GreatSchools Rating

West Mesquite High School

  • Education Level: High
  • # of students: 1,935
  • # of teachers: 129
3
GreatSchools Rating

West Mesquite High School

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

$153,000$187,000$170,000

PURCHASE PRICE

$1,179$1,441$1,310

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,310
EXPENSES Loan Payment -$590
Property Tax -$422
Property Insurance -$95
Property Management Fees -$99
CASH FLOW
$103

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.

$170,000

PROJECTED PRICE

$1,310

PROJECTED RENT

0.77%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 11.4%
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

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$50,800

INVESTMENT

$50,800

Down Payment
$42,500
Rehab Estimate
$5,750
Closing Costs
$2,550

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$590

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $42,500
Loan Amount $127,500
See What Happens When You Reinvest Cash Flow

7.17

YEARS SAVED

$14,529

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,310

    LIST RENT
  • $1.11

    LIST RENT PER SQFT
  • $1,323

    COMP ESTIMATED VALUE
  • $1.12

    COMP AVG. RENT PER SQFT
Comps Range
$1,295
1$1,2952$1,3103$1,3504$1,3955$1,475
$1,475
RENT COMPS ANALYSIS
  • 4729 Kristie Drive Balch Springs, TX 2
    • 3 beds 2 baths ∙ 1,179 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,179 Sqft ∙ Built 1983
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,310
    • $1.11
    •  
  • 4705 Kristie Drive Balch Springs, TX 1
    • 3 beds 3 baths ∙ 1,149 Sqft ∙ Built 1983 3 beds 3 baths ∙ 1,149 Sqft ∙ Built 1983
    property image
    LEASED 02/28/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $1.13
    •  
  • 4728 Kyle Drive Balch Springs, TX 3
    • 4 beds 2 baths ∙ 1,126 Sqft ∙ Built 1972 4 beds 2 baths ∙ 1,126 Sqft ∙ Built 1972
    property image
    LEASED 04/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.20
    •  
  • 14604 Pawnee Drive Balch Springs, TX 4
    • 3 beds 2 baths ∙ 1,311 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,311 Sqft ∙ Built 1984
    property image
    LEASED 10/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.06
    •  
  • 4626 Platte Drive Balch Springs, TX 5
    • 3 beds 2 baths ∙ 1,339 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,339 Sqft ∙ Built 1984
    property image
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $1.10
    •  
PROPERTY LISTING DETAILS
Gillus Blanchard
Connect Realty.com, Inc.
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14524323
Last Updated: 03/04/2021
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