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400 Vawter Drive 
Van Alstyne, TX
75495
5 Beds 3 Baths 3,034 sqft
Built 2020
INVESTimate
$359,900
List Price
$97,374
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PROPERTY INFO
FACTS
- Built In 2020
- Price/Sqft : $118.62
- 3 Days on Market
- MLS # : 14420051
- Updated Date : 08/25/2020 at 02:00
CONSTRUCTION
- Beds : 5
- Floor Size : 3,034 sqft
- Baths : 3 full
Listing Agent
Key Trek-cc
Listing Agent's Description
Tour the Coronado II in charming Van Alstyne - located halfway between McKinney and relaxing Lake Texoma. Wonderful Van Alstyne ISD schools are adjacent to Ascend at Sanford Park! This caring community built by K. Hovnanian Homes welcomes your family with a small town atmosphere! Beautiful new 2-story home features a home office, game room, and media room! Lovely kitchen with stylish quartz counters & stainless GE® appliances. Luxury bath in owner’s suite. Covered patio & sodded yard with zone irrigation system for outdoor enjoyment! Brilliant Smart Home system. Low-E vinyl windows & radiant barrier decking are a few extras you will find in this home! Great location! $42,200 in upgrades included!
SEE MORE
- . 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 75495
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,790 |
| EXPENSES | Loan Payment | -$1,328 |
| Property Tax | -$850 | |
| Property Insurance | -$192 | |
| HOA | -$50 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$730
|
||
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.
$359,900
PROJECTED PRICE
$1,790
PROJECTED RENT
0.50%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.50% |
| Appreciation Year (1-5) | 7.92% |
| Maintenance Year (1-5) | 3.00% |
| Vacancy | 6.00% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$97,374
LOAN DETAILS
$1,328
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $89,975 |
| Loan Amount | $269,925 |
-0.25
YEARS SAVED
-$62
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,790
LIST RENT -
$0.59
LIST RENT PER SQFT
-
$2,184
COMP ESTIMATED VALUE -
$0.72
COMP AVG. RENT PER SQFT
Comps Range
-
400 Vawter Drive Van Alstyne, TX 1
- 5 beds 3 baths ∙ 3,034 Sqft ∙ Built 2020 5 beds 3 baths ∙ 3,034 Sqft ∙ Built 2020
![property image]()
- Rent
- Rent Per SQFT
- $1,790
- $0.59
-
1513 Colgate Drive Van Alstyne, TX 2
- 4 beds 3 baths ∙ 2,913 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,913 Sqft ∙ Built 2015
![property image]()
LEASED 02/05/20- Rent
- Rent Per SQFT
- $2,100
- $0.72
-
1523 Colgate Drive Van Alstyne, TX 3
- 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
PROPERTY LISTING DETAILS
Key Trek-cc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14420051
Last Updated: 08/25/2020
