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6414 Bryan Parkway Dallas, TX 75214

3 Beds 4 Baths 2,470 sqft Built 2005

$560,000

List Price

$3,490

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

January 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $226.72
  • 4 Days on Market
  • MLS # : 14495754
  • Updated Date : 01/08/2021 at 13:07
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,470 sqft
  • Baths : 3 full , 1 half
Listing Agent

Briggs Freeman Sotheby's Int'l

Listing Agent's Description

Sophisticated Single Family Detached Townhome END UNIT with No HOA Dues a few blocks from Lakewood shopping center. The open living & dining room has tall ceilings, a fireplace hardwood floors and a dramatic staircase with lots of natural light. Other features include open kitchen with a breakfast bar, granite counters, stainless steel appliances and gas cooktop. Multiple outdoor spaces include a gated front yard and an entertaining terrace off the dining room. The large master suite offers a fireplace, sunlit bath with dual vanities, jetted tub, separate shower and walk in closet. The location is perfect for those who want to enjoy the nearby dining and White Rock Lake.

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

Neighborhood: Towers at Lakewood

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $102k615k

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

Neighborhood: Towers at Lakewood

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400260028003000320034003600Rent in $9473773

* 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
Geneva Heights Elementary School Primary Regular 351 26 5
J.l. Long Middle School Middle Regular 1,299 83 5
Woodrow Wilson High School High Regular 1,697 100 5

Geneva Heights Elementary School

  • Education Level: Primary
  • # of students: 351
  • # of teachers: 26
5
GreatSchools Rating

J.l. Long Middle School

  • Education Level: Middle
  • # of students: 1,299
  • # of teachers: 83
5
GreatSchools Rating

Woodrow Wilson High School

  • Education Level: High
  • # of students: 1,697
  • # of teachers: 100
5
GreatSchools Rating
 

$504,000$616,000$560,000

PURCHASE PRICE

$3,141$3,839$3,490

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,490
EXPENSES Loan Payment -$1,945
Property Tax -$1,328
Property Insurance -$170
Property Management Fees -$99
CASH FLOW
-$52

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.

$560,000

PROJECTED PRICE

$3,490

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 8.1%
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$1.8M

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$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$154,150

INVESTMENT

$154,150

Down Payment
$140,000
Rehab Estimate
$5,750
Closing Costs
$8,400

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,945

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $140,000
Loan Amount $420,000
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$19,795

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,490

    LIST RENT
  • $1.41

    LIST RENT PER SQFT
  • $3,625

    COMP ESTIMATED VALUE
  • $1.47

    COMP AVG. RENT PER SQFT
Comps Range
$3,490
1$3,4902$3,5003$3,6004$3,6005$3,600
$3,600
RENT COMPS ANALYSIS
  • 6414 Bryan Parkway Dallas, TX 1
    • 3 beds 4 baths ∙ 2,470 Sqft ∙ Built 2005 3 beds 4 baths ∙ 2,470 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $3,490
    • $1.41
    •  
  • 6035 Chimera Court Dallas, TX 2
    • 3 beds 4 baths ∙ 2,298 Sqft ∙ Built 2015 3 beds 4 baths ∙ 2,298 Sqft ∙ Built 2015
    LEASED 01/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.52
    •  
  • 5956 Lewis Street Dallas, TX 3
    • 4 beds 3 baths ∙ 2,585 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,585 Sqft ∙ Built 2011
    LEASED 11/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.39
    •  
  • 6020 Chimera Court Dallas, TX 4
    • 3 beds 4 baths ∙ 2,316 Sqft ∙ Built 2015 3 beds 4 baths ∙ 2,316 Sqft ∙ Built 2015
    LEASED 12/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.55
    •  
  • 2204 Lola Court Dallas, TX 5
    • 3 beds 4 baths ∙ 2,561 Sqft ∙ Built 2015 3 beds 4 baths ∙ 2,561 Sqft ∙ Built 2015
    LEASED 12/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.41
    •  
PROPERTY LISTING DETAILS
Jennifer Shindler
Briggs Freeman Sotheby's Int'l
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14495754
Last Updated: 01/08/2021
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