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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Northlake at 1407 Monarch Trl, Northlake, TX, 76226 generates $3,324/mo in rent and, after a $1,997/mo payment, leaves $88/mo in cash flow. Total monthly income is $3,324/mo, and annual cash flow is $1,059/yr on $135,252 invested. Return on cash invested sits at 20.69% in year one, and rental yield is 9.78% on a $408,000 entry. Equity gained on principal adds $2,633/yr, while 5% annual appreciation builds toward $112,723 over five years. Five-year ROI reaches 109.34% and total cumulative return in cash sums $147,883. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,324/mo property income rather than buyer’s personal income.
Single Family
Built in 2019
8,276 sqft lot
$N/A/sqft
$692 quarterly HOA
Neighborhood data shown for ZIP Code: 76226, Argyle, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,414 (100%) |
| Owner Occupied HU | 15,448 (88.7%) |
| Renter Occupied HU | 1,291 ( 7.4%) |
| Vacant Housing Units | 675 ( 3.9%) |
| Median Home Value | $615,556 |
| Average Home Value | $679,325 |
Residential
16,345
Single Family
16,345
Multi-Family
0
Businesses
916
Date | Event | Price |
|---|---|---|
| 2024-12-21 | Price change | $408,000 |
| 2024-12-02 | Price change | $415,000 |
| 2024-11-01 | Listed for sale | $430,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-12-27 | $8017.83 | 17.48% | $388,535 | 10.00% |
| 2023-12-27 | $6824.59 | -9.09% | $353,214 | 10.00% |
| 2022-12-27 | $7506.78 | 4.90% | $321,104 | 10.00% |
Listed by: Sandy Bolinger • Keller Williams Realty-FM
Mls Name: NTREIS
Mls ID: #20732914
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
