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710 Bryson Way Southlake, TX 76092

5 Beds 4 Baths 3,659 sqft Built 1999

$740,000

List Price

$4,190

$3.9K - $4.4K

Rent Est.

PROPERTY INFO

October 31, 2020 RECENTLY ADDED
FACTS
  • Built In 1999
  • Price/Sqft : $202.24
  • 4 Days on Market
  • MLS # : 14462445
  • Updated Date : 10/31/2020 at 19:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,659 sqft
  • Baths : 3 full , 1 half
Listing Agent

Engel&voelkers Dallas Southlke

Listing Agent's Description

Southlake's Timarron boasts this 5 bedroom home in Bryson Square just one block from Rockenbaugh Elementary School. Absolutely ready for move in with fresh paint and new updates to please the buyer looking not only for location but for convenience of living. The three car garage i tandem style affording more front yard with impeccable landscaping. The oversized backyard with sparkling pool offers not only lots of decking for outdoor living but plenty of grass in play area ready for jungle gym. Walk or ride your bike to one of the community centers just a block away with community pool and tennis plus do not miss the multiple ponds and lakes with catch and release fishing and miles of jogging trails.

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: 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
 

$666,000$814,000$740,000

PURCHASE PRICE

$3,771$4,609$4,190

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,190
EXPENSES Loan Payment -$2,730
Property Tax -$1,493
Property Insurance -$239
HOA -$92
Property Management Fees -$99
CASH FLOW
-$463

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.

$740,000

PROJECTED PRICE

$4,190

PROJECTED RENT

0.57%

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$25k

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$201,850

INVESTMENT

$201,850

Down Payment
$185,000
Rehab Estimate
$5,750
Closing Costs
$11,100

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,730

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $185,000
Loan Amount $555,000
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$8,672

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,190

    LIST RENT
  • $1.15

    LIST RENT PER SQFT
  • $4,153

    COMP ESTIMATED VALUE
  • $1.13

    COMP AVG. RENT PER SQFT
Comps Range
$3,800
1$3,8002$4,1903$4,1954$4,3005$4,400
$4,400
RENT COMPS ANALYSIS
  • 710 Bryson Way Southlake, TX 2
    • 5 beds 4 baths ∙ 3,659 Sqft ∙ Built 1999 5 beds 4 baths ∙ 3,659 Sqft ∙ Built 1999
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $4,190
    • $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
    •  
  • 545 Oak Hill Drive Southlake, TX 3
    • 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
    •  
  • 1307 Forest Hills Court Southlake, TX 4
    • 4 beds 4 baths ∙ 3,754 Sqft ∙ Built 1997 4 beds 4 baths ∙ 3,754 Sqft ∙ Built 1997
    property image
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,300
    • $1.15
    •  
  • 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
Roxann Taylor
Engel&voelkers Dallas Southlke
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14462445
Last Updated: 10/31/2020
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