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6356 Brynwyck Lane North Richland Hills, TX 76182

4 Beds 4 Baths 3,136 sqft Built 2012

$479,996

List Price

$2,890

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

January 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $153.06
  • 4 Days on Market
  • MLS # : 14494824
  • Updated Date : 01/07/2021 at 20:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,136 sqft
  • Baths : 3 full , 1 half
Listing Agent

Century 21 Mike Bowman, Inc.

Listing Agent's Description

EXQUISITELY MAINTAINED, UPDATED CUSTOM HOME LOCATED ON A DEAD-END CUL-DE-SAC STREET IN BRYWYCK. IDEALISTIC, FAMILY FRIENDLY FLOOR PLAN WITH 4 SPACIOUS BEDROOMS, OFFICE, GAME & MEDIA ROOMS. RECENT UPDATES INCLUDE NEUTRAL GRAY TONE PAINT, LUSH FRIEZE CARPET & STRIKING WOOD LOOK TILE FLOORS. FAMILY ROOM & KITCHEN ARE FLOODED WITH NATURAL LIGHT MAKING THIS A PERFECT PLACE TO ENTERTAIN FAMILY & FRIENDS. KITCHEN AMENITIES INCLUDE SLEEK STAINLESS GAS APPLIANCES, BUILT IN WALL OVEN & OVERSIZED ISLAND. MASTER BEDROOM IS ROOMY WITH BAY WINDOWS & CHARMING ENSUITE BATH. 2ND FLOOR OFFERS UP 3 GUEST ROOMS, GAME & MEDIA ROOM. HOME SITS ON A LARGE LOT WITH PLENTY OF ROOM TO BUILD THAT SPARKING POOL & OUTDOOR KITCHEN.

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

PRICE & RENT TRENDS

Zip Code: 76182

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k336k

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

Zip Code: 76182

ZipNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10412171

* 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
Walker Creek Elementary School Primary Regular 653 44 7
Smithfield Middle School Middle Regular 818 49 10
Birdville High School High Regular 2,083 125 7

Walker Creek Elementary School

  • Education Level: Primary
  • # of students: 653
  • # of teachers: 44
7
GreatSchools Rating

Smithfield Middle School

  • Education Level: Middle
  • # of students: 818
  • # of teachers: 49
10
GreatSchools Rating

Birdville High School

  • Education Level: High
  • # of students: 2,083
  • # of teachers: 125
7
GreatSchools Rating
 

$431,996$527,996$479,996

PURCHASE PRICE

$2,601$3,179$2,890

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,890
EXPENSES Loan Payment -$1,667
Property Tax -$1,053
Property Insurance -$208
HOA -$62
Property Management Fees -$99
CASH FLOW
-$200

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.

$479,996

PROJECTED PRICE

$2,890

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.0%
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

PROJECTED ANNUAL CASH FLOW

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

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$132,949

INVESTMENT

$132,949

Down Payment
$119,999
Rehab Estimate
$5,750
Closing Costs
$7,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,667

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $119,999
Loan Amount $359,997
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$7,675

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,890

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $2,869

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$2,600
1$2,6002$2,8903$2,8954$2,9005$2,900
$2,900
RENT COMPS ANALYSIS
  • 6356 Brynwyck Lane North Richland Hills, TX 2
    • 4 beds 4 baths ∙ 3,136 Sqft ∙ Built 2012 4 beds 4 baths ∙ 3,136 Sqft ∙ Built 2012
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,890
    • $0.92
    •  
  • 7201 W Nirvana Circle North Richland Hills, TX 1
    • 4 beds 4 baths ∙ 3,000 Sqft ∙ Built 2017 4 beds 4 baths ∙ 3,000 Sqft ∙ Built 2017
    property image
    LEASED 04/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.87
    •  
  • 6209 Winter Park Drive North Richland Hills, TX 3
    • 4 beds 3 baths ∙ 3,261 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,261 Sqft ∙ Built 2006
    property image
    LEASED 03/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,895
    • $0.89
    •  
  • 8505 Olmstead Terrace North Richland Hills, TX 4
    • 3 beds 3 baths ∙ 3,195 Sqft ∙ Built 2002 3 beds 3 baths ∙ 3,195 Sqft ∙ Built 2002
    property image
    LEASED 10/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $0.91
    •  
  • 7149 Stone Villa Circle North Richland Hills, TX 5
    • 4 beds 4 baths ∙ 2,920 Sqft ∙ Built 2007 4 beds 4 baths ∙ 2,920 Sqft ∙ Built 2007
    property image
    LEASED 12/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $0.99
    •  
PROPERTY LISTING DETAILS
Kerry Zamora
Century 21 Mike Bowman, Inc.
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14494824
Last Updated: 01/07/2021
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