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704 Bryson Way Southlake, TX 76092

5 Beds 4 Baths 3,548 sqft Built 1999

$749,900

List Price

$4,080

$3.8K - $4.3K

Rent Est.

PROPERTY INFO

January 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $211.36
  • 4 Days on Market
  • MLS # : 14495250
  • Updated Date : 01/08/2021 at 22:30
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,548 sqft
  • Baths : 4 full
Listing Agent

Jp And Associates Southlake

Listing Agent's Description

Welcome to this updated home in the planned community of Timarron in Southlake. This home features an updated kitchen, bathrooms, flooring and more. The flow of the house works with either that growing family or those that wish to entertain. The oversized owner’s suite welcomes relaxation and additional workspace if needed. The upstairs game room and 3 bedrooms offer an oasis for those moments you need a little extra space to “distance”. Location is everything. You can join the Dragon Parade walk 1 block to top rated Elem. It’s a quick jog to the community center with swimming pool, clubhouse and tennis courts. “Shop-hop” to the Southlake Town center. Is this your future home?

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: 76092

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700kPrice in $123k722k

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

Zip Code: 76092

ZipNIR Market*CityMarket2010Year20002019 Q2150020002500300035004000Rent in $11264415

* 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
Eubanks Intermediate School Primary Regular 572 38 10
Dawson Middle School Middle Regular 646 40 10
Carroll Senior High School High Regular 1,284 76 10

Eubanks Intermediate School

  • Education Level: Primary
  • # of students: 572
  • # of teachers: 38
10
GreatSchools Rating

Dawson Middle School

  • Education Level: Middle
  • # of students: 646
  • # of teachers: 40
10
GreatSchools Rating

Carroll Senior High School

  • Education Level: High
  • # of students: 1,284
  • # of teachers: 76
10
GreatSchools Rating
 

$674,910$824,890$749,900

PURCHASE PRICE

$3,672$4,488$4,080

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,080
EXPENSES Loan Payment -$2,605
Property Tax -$1,513
Property Insurance -$232
HOA -$92
Property Management Fees -$99
CASH FLOW
-$461

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.

$749,900

PROJECTED PRICE

$4,080

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.00%
Appreciation Year (1-5) 4.5%
Maintenance Year (1-5) 8.00%
Vacancy 7.37%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$204,474

INVESTMENT

$204,474

Down Payment
$187,475
Rehab Estimate
$5,750
Closing Costs
$11,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,605

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $187,475
Loan Amount $562,425
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$6,226

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,080

    LIST RENT
  • $1.15

    LIST RENT PER SQFT
  • $4,036

    COMP ESTIMATED VALUE
  • $1.14

    COMP AVG. RENT PER SQFT
Comps Range
$3,800
1$3,8002$4,0003$4,0804$4,1955$4,400
$4,400
RENT COMPS ANALYSIS
  • 704 Bryson Way Southlake, TX 3
    • 5 beds 4 baths ∙ 3,548 Sqft ∙ Built 1999 5 beds 4 baths ∙ 3,548 Sqft ∙ Built 1999
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $4,080
    • $1.15
    •  
  • 505 Northwood Trail Southlake, TX 1
    • 5 beds 4 baths ∙ 3,679 Sqft ∙ Built 1999 5 beds 4 baths ∙ 3,679 Sqft ∙ Built 1999
    property image
    LEASED 05/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.03
    •  
  • 810 Pearl Drive Southlake, TX 2
    • 4 beds 4 baths ∙ 3,455 Sqft ∙ Built 1988 4 beds 4 baths ∙ 3,455 Sqft ∙ Built 1988
    property image
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.16
    •  
  • 545 Oak Hill Drive Southlake, TX 4
    • 4 beds 4 baths ∙ 3,562 Sqft ∙ Built 1992 4 beds 4 baths ∙ 3,562 Sqft ∙ Built 1992
    property image
    LEASED 05/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,195
    • $1.18
    •  
  • 1112 Longford Circle Southlake, TX 5
    • 4 beds 4 baths ∙ 3,731 Sqft ∙ Built 1994 4 beds 4 baths ∙ 3,731 Sqft ∙ Built 1994
    property image
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,400
    • $1.18
    •  
PROPERTY LISTING DETAILS
Kelly Cawyer
Jp And Associates Southlake
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14495250
Last Updated: 01/08/2021
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