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5017 Briar Tree Drive Dallas, TX 75248

3 Beds 4 Baths 3,805 sqft Built 1984

$520,000

List Price

$3,570

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $136.66
  • 7 Days on Market
  • MLS # : 14537606
  • Updated Date : 03/24/2021 at 10:47
CONSTRUCTION
  • Beds : 3
  • Floor Size : 3,805 sqft
  • Baths : 4 full
Listing Agent

Re/max Premier

Listing Agent's Description

Spacious home overlooking the greenbelt in Bent Tree Village! Original home is ready for your updates. Wall of windows in the living and dining rooms looking to the patio for plenty of light. Large master bedroom overlooks greenbelt. Home was originally occupied by the builder & has a study with outside access that would be perfect for a home office. The study is located next to a den and full bath so the study and den could become a downstairs bedroom for multigenerational families. Staircase with wood treads leads to 2 bedrooms, 2 full baths and a large living area-gameroom which could be a 4th bedroom. Loft could be a study area or reading nook.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • . 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)

PRICE & RENT TRENDS

Neighborhood: Bent Tree

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $102k453k

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

Neighborhood: Bent Tree

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400260028003000Rent in $9473140

* 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
Jerry R. Junkins Elementary School Primary Regular 715 46 7
E.d. Walker Middle School Middle Regular 748 46 3
W. T. White High School High Regular 2,290 134 4

Jerry R. Junkins Elementary School

  • Education Level: Primary
  • # of students: 715
  • # of teachers: 46
7
GreatSchools Rating

E.d. Walker Middle School

  • Education Level: Middle
  • # of students: 748
  • # of teachers: 46
3
GreatSchools Rating

W. T. White High School

  • Education Level: High
  • # of students: 2,290
  • # of teachers: 134
4
GreatSchools Rating
 

$468,000$572,000$520,000

PURCHASE PRICE

$3,213$3,927$3,570

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,570
EXPENSES Loan Payment -$1,806
Property Tax -$1,234
Property Insurance -$247
HOA -$117
Property Management Fees -$99
CASH FLOW
$67

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.

$520,000

PROJECTED PRICE

$3,570

PROJECTED RENT

0.69%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 5.5%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$143,550

INVESTMENT

$143,550

Down Payment
$130,000
Rehab Estimate
$5,750
Closing Costs
$7,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,806

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $130,000
Loan Amount $390,000
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$24,684

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,570

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $3,374

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$2,599
1$2,5992$2,9953$3,5704$4,500
$4,500
RENT COMPS ANALYSIS
  • 5017 Briar Tree Drive Dallas, TX 3
    • 3 beds 4 baths ∙ 3,805 Sqft ∙ Built 1984 3 beds 4 baths ∙ 3,805 Sqft ∙ Built 1984
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,570
    • $0.94
    •  
  • 3639 Eden Drive Dallas, TX 1
    • 4 beds 4 baths ∙ 3,675 Sqft ∙ Built 1998 4 beds 4 baths ∙ 3,675 Sqft ∙ Built 1998
    property image
    LEASED 08/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,599
    • $0.71
    •  
  • 18528 Vista Del Sol Dallas, TX 2
    • 4 beds 3 baths ∙ 3,589 Sqft ∙ Built 1990 4 beds 3 baths ∙ 3,589 Sqft ∙ Built 1990
    property image
    LEASED 05/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $0.83
    •  
  • 5136 Bellerive Drive Dallas, TX 4
    • 4 beds 3 baths ∙ 4,012 Sqft ∙ Built 1994 4 beds 3 baths ∙ 4,012 Sqft ∙ Built 1994
    property image
    LEASED 07/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.12
    •  
PROPERTY LISTING DETAILS
Ellen Gomez
Re/max Premier
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14537606
Last Updated: 03/24/2021
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