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1412 Monarch Trail Northlake, TX 76226

5 Beds 3 Baths 2,779 sqft Built 2021

$448,900

List Price

$2,960

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
SINGLE-FAMILY
March 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $161.53
  • 7 Days on Market
  • MLS # : 14538092
  • Updated Date : 03/22/2021 at 19:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,779 sqft
  • Baths : 3 full
Listing Agent

Key Trek-cc

Listing Agent's Description

Canyon Falls in Northlake is a master-planned community built by K. Hovnanian Homes. Natural ambiance places emphasis on a relaxed lifestyle. Everyone will enjoy the beautiful pool, expansive parks, miles of adventure trails, & dog parks. Spacious new home in Northwest ISD features an 8 ft. mahogany front entry door. Enjoy the welcoming great room with corner fireplace. Stunning Gourmet kitchen offers quartz counters, island, & stainless appliances. Pristine owner's suite offers a charming box window. Serene owner's luxury bath has an oversized shower and separate tub! Quiet home office has double doors for quiet studies. Covered patio for barbecues! Smart home features! Room for everyone! $32,200 of upgrades!

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

Neighborhood: Canyon Falls

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $123k416k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Canyon Falls

ZipNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $11262773

* 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
Roanoke Elementary School Primary Regular 731 45 6
Gene Pike Middle School Middle Regular 743 53 7
Northwest High School High Regular 2,793 170 6

Roanoke Elementary School

  • Education Level: Primary
  • # of students: 731
  • # of teachers: 45
6
GreatSchools Rating

Gene Pike Middle School

  • Education Level: Middle
  • # of students: 743
  • # of teachers: 53
7
GreatSchools Rating

Northwest High School

  • Education Level: High
  • # of students: 2,793
  • # of teachers: 170
6
GreatSchools Rating
 

$404,010$493,790$448,900

PURCHASE PRICE

$2,664$3,256$2,960

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,960
EXPENSES Loan Payment -$1,559
Property Tax -$893
Property Insurance -$188
HOA -$208
Property Management Fees -$99
CASH FLOW
$14

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$448,900

PROJECTED PRICE

$2,960

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 4.6%
Maintenance Year (1-5) 3.00%
Vacancy 6.93%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$120,959

INVESTMENT

$120,959

Down Payment
$112,225
Rehab Estimate
$2,000
Closing Costs
$6,734

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,559

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $112,225
Loan Amount $336,675
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$19,016

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,960

    LIST RENT
  • $1.07

    LIST RENT PER SQFT
  • $2,911

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$2,700
1$2,7002$2,8003$2,9604$3,1005$3,195
$3,195
RENT COMPS ANALYSIS
  • 1412 Monarch Trail Northlake, TX 3
    • 5 beds 3 baths ∙ 2,779 Sqft ∙ Built 2021 5 beds 3 baths ∙ 2,779 Sqft ∙ Built 2021
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,960
    • $1.07
    •  
  • 6109 Whiskerbrush Road Flower Mound, TX 1
    • 4 beds 4 baths ∙ 2,661 Sqft ∙ Built 2017 4 beds 4 baths ∙ 2,661 Sqft ∙ Built 2017
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.01
    •  
  • 6133 Whiskerbrush Road Flower Mound, TX 2
    • 4 beds 4 baths ∙ 2,732 Sqft ∙ Built 2017 4 beds 4 baths ∙ 2,732 Sqft ∙ Built 2017
    property image
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.02
    •  
  • 11413 Winecup Road Flower Mound, TX 4
    • 4 beds 4 baths ∙ 2,905 Sqft ∙ Built 2014 4 beds 4 baths ∙ 2,905 Sqft ∙ Built 2014
    property image
    LEASED 06/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.07
    •  
  • 1504 Monarch Trail Northlake, TX 5
    • 4 beds 3 baths ∙ 2,940 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,940 Sqft ∙ Built 2020
    property image
    LEASED 10/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,195
    • $1.09
    •  
PROPERTY LISTING DETAILS
Teri Walter
Key Trek-cc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14538092
Last Updated: 03/22/2021
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