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333 Sherbrook Street Van Alstyne, TX 75495

3 Beds 3 Baths 2,395 sqft Built 2017

$349,999

List Price

$1,910

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $146.14
  • 3 Days on Market
  • MLS # : 14522698
  • Updated Date : 02/26/2021 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,395 sqft
  • Baths : 2 full , 1 half
Listing Agent

Pinnacle Realty Advisors

Listing Agent's Description

Renowned 2017 Stonehollow home awaits for it's next homeowner.This beauty sits on an oversized lot with huge backyard. The backyard has a 12'X22' wood deck with a retractable awning and plenty of entertaining for your next BBQ. The backyard also offers gates on both sides of the home for easy access and utility door from the 3 car garage with direct access to backyard. Reclaimed Barnwood-look ceramic tile throughout most of downstairs. OPEN concept kitchen that overlooks the kitchen with large island to entertain any large party. Solid maple front door, daylight LED lighting in all fixtures and Energy Star certified. A MUST SEE!

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 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
 

$314,999$384,999$349,999

PURCHASE PRICE

$1,719$2,101$1,910

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,910
EXPENSES Loan Payment -$1,216
Property Tax -$827
Property Insurance -$158
HOA -$40
Property Management Fees -$99
CASH FLOW
-$429

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.

$349,999

PROJECTED PRICE

$1,910

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$98,500

INVESTMENT

$98,500

Down Payment
$87,500
Rehab Estimate
$5,750
Closing Costs
$5,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,216

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,500
Loan Amount $262,499
See What Happens When You Reinvest Cash Flow

0

YEARS SAVED

$6

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,910

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $2,066

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$1,9103$1,9504$2,1755$2,300
$2,300
RENT COMPS ANALYSIS
  • 333 Sherbrook Street Van Alstyne, TX 2
    • 3 beds 3 baths ∙ 2,395 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,395 Sqft ∙ Built 2017
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,910
    • $0.80
    •  
  • 1717 Beasley Street Van Alstyne, TX 1
    • 4 beds 2 baths ∙ 2,085 Sqft ∙ Built 2018 4 beds 2 baths ∙ 2,085 Sqft ∙ Built 2018
    property image
    LEASED 12/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.91
    •  
  • 1531 San Carlos Drive Van Alstyne, TX 3
    • 4 beds 3 baths ∙ 2,193 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,193 Sqft ∙ Built 2013
    property image
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.89
    •  
  • 1516 Stanford Drive Van Alstyne, TX 4
    • 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
    •  
  • 404 Borrow Way Van Alstyne, TX 5
    • 4 beds 3 baths ∙ 2,715 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,715 Sqft ∙ Built 2017
    property image
    LEASED 12/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.85
    •  
PROPERTY LISTING DETAILS
Amy Jo Saenz
Pinnacle Realty Advisors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14522698
Last Updated: 02/26/2021
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