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9105 Bryson Drive Dallas, TX 75238

3 Beds 3 Baths 2,238 sqft Built 1985

$435,000

List Price

$2,190

$2K - $2.4K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $194.37
  • 3 Days on Market
  • MLS # : 14473866
  • Updated Date : 12/11/2020 at 18:41
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,238 sqft
  • Baths : 2 full , 1 half
Listing Agent

Dave Perry Miller Real Estate

Listing Agent's Description

Sought-after Lake Highlands! Set back in a very quiet section of Highland Meadows, this 2-story beauty has fresh updates & loads of charm. Enter to raised ceilings in the living, & hardwood floors throughout most of the home. The updated wetbar at the backside of the living leads to your fully remodeled kitchen, with granite c-tops & an island, perfect for your cooking desires. TONS of cabinet space, pantry, all SS appliances only 3 yrs old, gorgeous subway tile backsplash, & so much more! Mudroom & utility located just off the kitchen, the granite folding table makes life easy. The 21' x 13' master bedroom is also updated & equipped with a walk-in closet. Richardson ISD schools & a short drive to McCree Park!

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

Neighborhood: Highland Meadows

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $88k310k

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

Neighborhood: Highland Meadows

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9451912

* 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
Wallace Elementary School Primary Regular 826 49 5
Lake Highlands Junior High School Middle Regular 817 51 6
Lake Highlands High School High Regular 1,707 112 5

Wallace Elementary School

  • Education Level: Primary
  • # of students: 826
  • # of teachers: 49
5
GreatSchools Rating

Lake Highlands Junior High School

  • Education Level: Middle
  • # of students: 817
  • # of teachers: 51
6
GreatSchools Rating

Lake Highlands High School

  • Education Level: High
  • # of students: 1,707
  • # of teachers: 112
5
GreatSchools Rating
 

$391,500$478,500$435,000

PURCHASE PRICE

$1,971$2,409$2,190

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,190
EXPENSES Loan Payment -$1,605
Property Tax -$1,031
Property Insurance -$157
Property Management Fees -$99
CASH FLOW
-$702

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.

$435,000

PROJECTED PRICE

$2,190

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 9.7%
Maintenance Year (1-5) 8.00%
Vacancy 6.69%
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-$14k-$12k-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0

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$121,025

INVESTMENT

$121,025

Down Payment
$108,750
Rehab Estimate
$5,750
Closing Costs
$6,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$1,605

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $108,750
Loan Amount $326,250
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

$2

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,190

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $2,221

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,975
1$1,9752$2,0003$2,0954$2,1905$2,500
$2,500
RENT COMPS ANALYSIS
  • 9105 Bryson Drive Dallas, TX 4
    • 3 beds 3 baths ∙ 2,238 Sqft ∙ Built 1985 3 beds 3 baths ∙ 2,238 Sqft ∙ Built 1985
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,190
    • $0.98
    •  
  • 9426 Rolling Rock Lane Dallas, TX 1
    • 4 beds 2 baths ∙ 2,109 Sqft ∙ Built 1974 4 beds 2 baths ∙ 2,109 Sqft ∙ Built 1974
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.94
    •  
  • 9033 Flicker Lane Dallas, TX 2
    • 3 beds 3 baths ∙ 2,110 Sqft ∙ Built 1970 3 beds 3 baths ∙ 2,110 Sqft ∙ Built 1970
    property image
    LEASED 02/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.95
    •  
  • 10910 Wallbrook Drive Dallas, TX 3
    • 4 beds 2 baths ∙ 2,079 Sqft ∙ Built 1974 4 beds 2 baths ∙ 2,079 Sqft ∙ Built 1974
    property image
    LEASED 02/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $1.01
    •  
  • 9219 Rolling Rock Lane Dallas, TX 5
    • 3 beds 2 baths ∙ 2,344 Sqft ∙ Built 1974 3 beds 2 baths ∙ 2,344 Sqft ∙ Built 1974
    property image
    LEASED 09/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.07
    •  
PROPERTY LISTING DETAILS
Sam Bullard
Dave Perry Miller Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14473866
Last Updated: 12/11/2020
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