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100 Remington Van Alstyne, TX 75495

4 Beds 4 Baths 3,273 sqft Built 2018

$550,000

List Price

$2,610

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

October 29, 2020 RECENTLY ADDED
FACTS
  • Built In 2018
  • Price/Sqft : $168.04
  • 6 Days on Market
  • MLS # : 14458685
  • Updated Date : 10/29/2020 at 09:19
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,273 sqft
  • Baths : 3 full , 1 half
Listing Agent

Keller Williams Prosper Celina

Listing Agent's Description

Gorgeous single story custom home located in desirable Van Alstyne ISD. Home features rich hand scraped hardwood floors, thick crown molding and lots of natural light. You will love the open concept layout with private wings for each bedroom which allows for family time and the opportunity to retreat. This home won't last long, schedule your viewing today!

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: 75495

ZipNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220kPrice in $65k239k

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

Zip Code: 75495

No Data Available.

* 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
Van Alstyne J H Primary Regular 407 28 8
Van Alstyne J H Middle Regular 407 28 8
Van Alstyne High School High Regular 447 31 7

Van Alstyne J H

  • Education Level: Primary
  • # of students: 407
  • # of teachers: 28
8
GreatSchools Rating

Van Alstyne J H

  • Education Level: Middle
  • # of students: 407
  • # of teachers: 28
8
GreatSchools Rating

Van Alstyne High School

  • Education Level: High
  • # of students: 447
  • # of teachers: 31
7
GreatSchools Rating
 

$495,000$605,000$550,000

PURCHASE PRICE

$2,349$2,871$2,610

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,610
EXPENSES Loan Payment -$2,029
Property Tax -$1,299
Property Insurance -$205
HOA -$8
Property Management Fees -$99
CASH FLOW
-$1,031

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$550,000

PROJECTED PRICE

$2,610

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 7.9%
Maintenance Year (1-5) 8.00%
Vacancy 6.00%
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-$20k-$15k-$10k-$5.0k$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$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$151,500

INVESTMENT

$151,500

Down Payment
$137,500
Rehab Estimate
$5,750
Closing Costs
$8,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$2,029

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $137,500
Loan Amount $412,500
See What Happens When You Reinvest Cash Flow

-0.17

YEARS SAVED

-$60

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,610

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $3,044

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$2,610
1$2,6102$3,000
$3,000
RENT COMPS ANALYSIS
  • 100 Remington Van Alstyne, TX 1
    • 4 beds 4 baths ∙ 3,273 Sqft ∙ Built 2018 4 beds 4 baths ∙ 3,273 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $2,610
    • $0.80
    •  
  • 1408 Hackberry Road Van Alstyne, TX 2
    • 3 beds 3 baths ∙ 3,216 Sqft ∙ Built 2000 3 beds 3 baths ∙ 3,216 Sqft ∙ Built 2000
    LEASED 02/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.93
    •  
PROPERTY LISTING DETAILS
Kimberly Uselton
Keller Williams Prosper Celina
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14458685
Last Updated: 10/29/2020
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