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428 Monarch Hill Court 
Keller, TX
76248
6 Beds 4 Baths 4,671 sqft
Built 2010
INVESTimate
$749,900
List Price
$204,474
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PROPERTY INFO
FACTS
- Built In 2010
- Price/Sqft : $160.54
- 3 Days on Market
- MLS # : 14399163
- Updated Date : 08/24/2020 at 16:13
CONSTRUCTION
- Beds : 6
- Floor Size : 4,671 sqft
- Baths : 4 full
Listing Agent
Randy White Real Estate Svcs
Listing Agent's Description
IMMACULATE hilltop home has 6 bedrooms, 4 baths, 4 living & offering $10k toward updates. Downstairs updated w white palette, thousands in custom upgrades w closet systems, hardwoods, BI cabinets & lights. No need to build, celebrate the holidays in the huge kitchen, dining & family room! Porte cochere & 3 garage spaces. Desirable floorplan with media, master & guest rm down. Upstairs w 4 bedrooms, full baths & huge gameroom. Community living with many amenities - community pool, clubhouse & playground. 100% ENERGY STAR certified with 3 zoned HVAC units. Backyard has covered patio, trees & play space. Students attend Keller ISD. Easy access to Hwys 377, 114 & 170, nearby shops & dining. Move In Ready!
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: 76248
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 76248
* 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 | $4,420 |
| EXPENSES | Loan Payment | -$2,767 |
| Property Tax | -$1,573 | |
| Property Insurance | -$297 | |
| HOA | -$71 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$387
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.
$749,900
PROJECTED PRICE
$4,420
PROJECTED RENT
0.59%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 5.54% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.93% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$204,474
LOAN DETAILS
$2,767
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $187,475 |
| Loan Amount | $562,425 |
2.08
YEARS SAVED
$12,935
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$4,420
LIST RENT -
$0.95
LIST RENT PER SQFT
-
$3,737
COMP ESTIMATED VALUE -
$0.8
COMP AVG. RENT PER SQFT
Comps Range
-
428 Monarch Hill Court Keller, TX 2
- 6 beds 4 baths ∙ 4,671 Sqft ∙ Built 2010 6 beds 4 baths ∙ 4,671 Sqft ∙ Built 2010
- Rent
- Rent Per SQFT
- $4,420
- $0.95
-
2028 Sterling Trace Drive Keller, TX 1
- 5 beds 4 baths ∙ 4,640 Sqft ∙ Built 2010 5 beds 4 baths ∙ 4,640 Sqft ∙ Built 2010
LEASED 01/18/20- Rent
- Rent Per SQFT
- $3,700
- $0.80
PROPERTY LISTING DETAILS
Randy White Real Estate Svcs
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14399163
Last Updated: 08/24/2020
