Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

1029 Waverly Drive Van Alstyne, TX 75495

4 Beds 4 Baths 2,636 sqft Built 2020

$276,195

List Price

$2,020

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 2020
  • Price/Sqft : $104.78
  • 2 Days on Market
  • MLS # : 14467607
  • Updated Date : 11/07/2020 at 12:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,636 sqft
  • Baths : 3 full , 1 half
Listing Agent

Homesusa.com

Listing Agent's Description

MLS# 14467607 - Built by History Maker Homes - February completion! ~ This Beautiful brand new home with its an open concept design provides enormous space and functionality. Master suite includes double walk in closets, additional sitting area, and more! Master bath includes dual vanities and large 5 foot walk in shower. The secondary bedrooms are huge and also feature large walk in closets. 42 inch white Cabinets, Kitchen Island, Recess lighting. This home is has a smart, comfortable flow that is sure to impress! 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. Photos 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
 

$248,576$303,815$276,195

PURCHASE PRICE

$1,818$2,222$2,020

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,020
EXPENSES Loan Payment -$1,019
Property Tax -$653
Property Insurance -$171
HOA -$17
Property Management Fees -$99
CASH FLOW
$62

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.

$276,195

PROJECTED PRICE

$2,020

PROJECTED RENT

0.73%

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$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$75,192

INVESTMENT

$75,192

Down Payment
$69,049
Rehab Estimate
$2,000
Closing Costs
$4,143

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,019

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $69,049
Loan Amount $207,146
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$11,651

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,020

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $2,030

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$2,020
1$2,0202$2,1003$2,1754$2,300
$2,300
RENT COMPS ANALYSIS
  • 1029 Waverly Drive Van Alstyne, TX 1
    • 4 beds 4 baths ∙ 2,636 Sqft ∙ Built 2020 4 beds 4 baths ∙ 2,636 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,020
    • $0.77
    •  
  • 1523 Colgate Drive Van Alstyne, TX 2
    • 5 beds 3 baths ∙ 2,913 Sqft ∙ Built 2015 5 beds 3 baths ∙ 2,913 Sqft ∙ Built 2015
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.72
    •  
  • 1516 Stanford Drive Van Alstyne, TX 3
    • 4 beds 4 baths ∙ 2,727 Sqft ∙ Built 2014 4 beds 4 baths ∙ 2,727 Sqft ∙ Built 2014
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,175
    • $0.80
    •  
  • 1513 Colgate Drive Van Alstyne, TX 4
    • 4 beds 3 baths ∙ 2,913 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,913 Sqft ∙ Built 2015
    property image
    LEASED 09/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.79
    •  
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 #: 14467607
Last Updated: 11/07/2020
BESbswy