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1016 Waverly Drive Van Alstyne, TX 75495

3 Beds 3 Baths 1,845 sqft Built 2020

$248,310

List Price

$1,660

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $134.59
  • 2 Days on Market
  • MLS # : 14471545
  • Updated Date : 11/14/2020 at 16:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,845 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesusa.com

Listing Agent's Description

MLS# 14471545 - Built by History Maker Homes - March completion! ~ Fall in love this adorable Brand New Home! Features a cozy front porch, 42 inch white cabinets, Kitchen Island, Name Brand Appliances, Open Family room, Huge secondary bedrooms, Spacious master suite, Large walk in closets and more! Location! Location! Location! Van Alstyne is conveniently located off 75 just north of McKinney and has A rated schools. Get a brand new home at an affordable price in a great school district! The value is unbeatable! Pictures are representative.

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
 

$223,479$273,141$248,310

PURCHASE PRICE

$1,494$1,826$1,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,660
EXPENSES Loan Payment -$916
Property Tax -$587
Property Insurance -$128
HOA -$17
Property Management Fees -$99
CASH FLOW
-$86

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.

$248,310

PROJECTED PRICE

$1,660

PROJECTED RENT

0.67%

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) 3.00%
Vacancy 6.00%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$67,802

INVESTMENT

$67,802

Down Payment
$62,078
Rehab Estimate
$2,000
Closing Costs
$3,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$916

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,078
Loan Amount $186,233
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$2,949

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,660

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $1,684

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,660
1$1,6602$1,6753$1,7504$1,7955$1,875
$1,875
RENT COMPS ANALYSIS
  • 1016 Waverly Drive Van Alstyne, TX 1
    • 3 beds 3 baths ∙ 1,845 Sqft ∙ Built 2020 3 beds 3 baths ∙ 1,845 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $1,660
    • $0.90
    •  
  • 504 Bryn Mawr Lane Van Alstyne, TX 2
    • 3 beds 2 baths ∙ 1,873 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,873 Sqft ∙ Built 2014
    LEASED 05/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.89
    •  
  • 1508 Syracuse Drive Van Alstyne, TX 3
    • 3 beds 2 baths ∙ 1,865 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,865 Sqft ∙ Built 2005
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.94
    •  
  • 1517 Greenbrier Drive Van Alstyne, TX 4
    • 4 beds 2 baths ∙ 2,001 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,001 Sqft ∙ Built 2005
    LEASED 04/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.90
    •  
  • 517 Vawter Drive Van Alstyne, TX 5
    • 4 beds 3 baths ∙ 2,045 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,045 Sqft ∙ Built 2020
    LEASED 05/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.92
    •  
PROPERTY LISTING DETAILS
Ben Caballero
Homesusa.com
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14471545
Last Updated: 11/14/2020
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