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4931 Bryson Lane Midlothian, TX 76065

3 Beds 3 Baths 2,994 sqft Built 1998

INVESTimate

$497,500

List Price

$2,620

$2,370 - $2,870

Rent Est.

$535,509  ( +7.64%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 1998
  • Price/Sqft : $166.17
  • 6 Days on Market
  • MLS # : 14412046
  • Updated Date : 08/24/2020 at 08:05
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,994 sqft
  • Baths : 2 full , 1 half
Listing Agent

Greatwood Realty

Listing Agent's Description

Gorgeous immaculate home on nearly 3 acres with TREES! This 3 bedroom 2.5 bath with study & dining area is located in the highly desirable Midlothian ISD. Open inviting family room & kitchen nestled in the heart of the home. Entertain in the beautifully crafted kitchen with granite countertops, double ovens & custom cabinets. Master retreat has sitting area & opulent ensuite bath double vanity, large soaking tub, glass shower, & THE biggest California closet you have ever seen. Entertain in the dining area or retire to the large backyard with covered patio & beautiful POOL! The entire property is organic and boast a large barn with a chicken coup & 2 horse bays. Storage shed on property. Home is a must see!

SEE MORE

MARKET HIGHLIGHTS

  • . 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

Zip Code: 76065

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k336k

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

Zip Code: 76065

ZipNIR Market*CityMarket2010Year20002019 Q21200130014001500160017001800190020002100Rent in $11262171

* 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
Dolores Mcclatchey Elementary School Primary Regular NA
Walnut Grove Middle School Middle Regular 1,014 55 8
Heritage High School High Regular NA

Dolores Mcclatchey Elementary School

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

Walnut Grove Middle School

  • Education Level: Middle
  • # of students: 1,014
  • # of teachers: 55
8
GreatSchools Rating

Heritage High School

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

$447,750$547,250$497,500

PURCHASE PRICE

$2,358$2,882$2,620

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,620
EXPENSES Loan Payment -$1,836
Property Tax -$1,086
Property Insurance -$200
Property Management Fees -$99
CASH FLOW
-$600

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.

$497,500

PROJECTED PRICE

$2,620

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.64%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$137,588

INVESTMENT

$137,588

Down Payment
$124,375
Rehab Estimate
$5,750
Closing Costs
$7,463

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$1,836

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $124,375
Loan Amount $373,125
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$287

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,620

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $2,814

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,620
$2,620
RENT COMPS ANALYSIS
  • 4931 Bryson Lane Midlothian, TX 2
    • 3 beds 3 baths ∙ 2,994 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,994 Sqft ∙ Built 1998
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,620
    • $0.88
    •  
  • 100 Burtonwood Circle Ovilla, TX 1
    • 3 beds 3 baths ∙ 2,664 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,664 Sqft ∙ Built 1998
    property image
    LEASED 10/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.94
    •  
PROPERTY LISTING DETAILS
Brooke Tucker
Greatwood Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14412046
Last Updated: 08/24/2020
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