1515 Collinson St

Balch Springs, TX 75180
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3 bd, 1 ba | 1,034 sqft | Built in 2012

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List Price
$220,000

Initial Investment

$59,950

Purchase Price

$220,000

Down Payment

25%

Rent

$1,610

Total Return

$131,967

Annualized Return

25.1%

Cap Rate

4.3%

Gross Yield

8.8%

Cash Flow

-$2,860

Appreciation

11.0%
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Features

Lot Size

14,853

HOA

None

Flood Risk

Not Required

INVESTOR SPECIAL OPPORTUNITY OR GREAT STARTER HOME! Cozy 3-bedroom, 1 Bathroom property built in 2012 with charming details. Oversized lot. Only minutes away from shopping and dining. This home just needs a little TLC so bring your imagination. Property is being sold AS IS. No repairs to be done by seller. Disclaimer* - property details reliable but not guaranteed. Buyer and buyer's agent to verify details.

See more in Analysis
Melissa Barnard
Coldwell Banker Realty
TX Agent License #0683658
Annual Financial Highlights

Expected Rent

$18,354

Expenses

-$3,904

Property Taxes

-$5,350

Loan Payments

-$11,960

Net Cash Flow

-$2,860

See more in Financials

Buyer's Agent

An experienced local, licensed real estate broker/agent will represent you in this transaction. They will negotiate on your behalf, from your first offer through closing.
  • Properties listed on Roofstock are displayed from MLS data and are chosen by Roofstock for their investment potential—often as soon as it hits the market.
  • You can be represented in the purchase by a Roofstock-affiliated real estate agent who is an expert in investment properties and knows the local market.
  • Your offer can have an inspection contingency, which allows you to obtain a home inspection in order to review the property's condition.
  • Upon introduction to the Roofstock-affiliated agent, you may discuss your investing strategy with the agent who will assist you in the buying process.

Property Management

Why choose?
From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.

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Listing Courtesy of:Edgar Canales
eXp Realty LLC
Certified Agent Brokerage:Melissa Barnard
Coldwell Banker Realty
TX Brokerage License 420132
SourceNorth Texas Real Estate Information Systems, Inc.
MLS #20244795
Last Updated: 01/25/2023 05:01
Disclaimer: The accuracy of this information is deemed reliable but not guaranteed or warrantied. All information should be independently verified before making purchase decisions. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The content relating to real estate for sale on this website appears courtesy of the Multiple Listing Service (MLS) listed as the “Source” on this page. Individual listings appear with the permission of the real estate brokerage identified under the “Listing Agent” on this page.