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1713 Cattleman Street Van Alstyne, TX 75495

3 Beds 2 Baths 1,873 sqft Built 2017

$314,990

List Price

$1,720

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $168.17
  • 2 Days on Market
  • MLS # : 14536805
  • Updated Date : 03/20/2021 at 00:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,873 sqft
  • Baths : 2 full
Listing Agent

Homesusa.com

Listing Agent's Description

This is truly a rare find, from the moment you drive up to the meticulously manicured yard & adorable front porch, pride of ownership shows in this adorable home. As you enter the home, the front area can be used as dining, second living or study. Bright kitchen with island, breakfast bar & cozy breakfast nook all open to the large living area with beautiful fireplace. Private master suite, master bath with barn door features his & her sinks, garden tub, separate shower & huge walk in closet. 2 spacious bedrooms at the opposite end of home & full bath. Upgraded fixtures, flooring & much more. Entertain family & friends in the pool sized back yard with large covered patio overlooking the green belt home backs to

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
 

$283,491$346,489$314,990

PURCHASE PRICE

$1,548$1,892$1,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,720
EXPENSES Loan Payment -$1,094
Property Tax -$744
Property Insurance -$129
HOA -$40
Property Management Fees -$99
CASH FLOW
-$386

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.

$314,990

PROJECTED PRICE

$1,720

PROJECTED RENT

0.55%

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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$89,222

INVESTMENT

$89,222

Down Payment
$78,748
Rehab Estimate
$5,750
Closing Costs
$4,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,094

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $78,748
Loan Amount $236,243
See What Happens When You Reinvest Cash Flow

0

YEARS SAVED

$7

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,720

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,826

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,720
1$1,7202$1,7503$1,7504$1,9955$2,100
$2,100
RENT COMPS ANALYSIS
  • 1713 Cattleman Street Van Alstyne, TX 1
    • 3 beds 2 baths ∙ 1,873 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,873 Sqft ∙ Built 2017
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,720
    • $0.92
    •  
  • 1508 Syracuse Drive Van Alstyne, TX 2
    • 3 beds 2 baths ∙ 1,865 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,865 Sqft ∙ Built 2005
    property image
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.94
    •  
  • 504 Bryn Mawr Lane Van Alstyne, TX 3
    • 3 beds 2 baths ∙ 1,873 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,873 Sqft ∙ Built 2014
    property image
    LEASED 03/13/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.93
    •  
  • 1510 Syracuse Drive Van Alstyne, TX 4
    • 4 beds 2 baths ∙ 2,006 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,006 Sqft ∙ Built 2005
    property image
    LEASED 09/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.99
    •  
  • 1737 Beasley Street Van Alstyne, TX 5
    • 3 beds 2 baths ∙ 2,014 Sqft ∙ Built 2018 3 beds 2 baths ∙ 2,014 Sqft ∙ Built 2018
    property image
    LEASED 01/30/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.04
    •  
PROPERTY LISTING DETAILS
Karla Davis
Homesusa.com
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14536805
Last Updated: 03/20/2021
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