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1520 Stanford Drive Van Alstyne, TX 75495

5 Beds 3 Baths 2,913 sqft Built 2014

$329,900

List Price

$2,030

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $113.25
  • 3 Days on Market
  • MLS # : 14539180
  • Updated Date : 03/25/2021 at 22:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,913 sqft
  • Baths : 3 full
Listing Agent

Exp Realty

Listing Agent's Description

Move-in Ready, Energy efficient, 5BD, 3 BATH Home in the highly sought after Van Alstyne ISD. Open floor plan, meticulously maintained with beautiful stone front elevation features new flooring, fresh Paint, & Solar Panels included! Gourmet kitchen with SS appliances overlooks the living area & breakfast area. A Large, Master retreat with lots of natural light, spacious bath features custom tile in shower & walk-in closet. Additional bdrm down! Living area feature cast stone Fireplace. Game room and 3 Bdrms up. Rare Front and Back porch! Solar Panels Included(3.835 kW Photovoltaic (PV) system installed July 2018,2 solar attic fans, LED Kitchen lights, & 2,500 sq ft of Attic Foil, Reflective Shield Insulation.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • . 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)

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 Elementary School Primary Regular 545 35 6
Van Alstyne High School High Regular 447 31 7

Van Alstyne Elementary School

  • Education Level: Primary
  • # of students: 545
  • # of teachers: 35
6
GreatSchools Rating

Van Alstyne High School

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

$296,910$362,890$329,900

PURCHASE PRICE

$1,827$2,233$2,030

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,030
EXPENSES Loan Payment -$1,146
Property Tax -$779
Property Insurance -$186
HOA -$40
Property Management Fees -$99
CASH FLOW
-$220

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.

$329,900

PROJECTED PRICE

$2,030

PROJECTED RENT

0.62%

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$93,174

INVESTMENT

$93,174

Down Payment
$82,475
Rehab Estimate
$5,750
Closing Costs
$4,949

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,146

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $82,475
Loan Amount $247,425
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$509

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,030

    LIST RENT
  • $0.7

    LIST RENT PER SQFT
  • $2,243

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$2,030
1$2,0302$2,1003$2,1754$2,300
$2,300
RENT COMPS ANALYSIS
  • 1520 Stanford Drive Van Alstyne, TX 1
    • 5 beds 3 baths ∙ 2,913 Sqft ∙ Built 2014 5 beds 3 baths ∙ 2,913 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $2,030
    • $0.70
    •  
  • 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
    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
    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
    LEASED 09/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.79
    •  
PROPERTY LISTING DETAILS
Bart Gurley
Exp Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14539180
Last Updated: 03/25/2021
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