Magnolia Plan, Pecan Square 50', 60' & 100', Northlake, TX, 76247 | 4.91% Rental Yield

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Magnolia Plan, Pecan Square 50', 60' & 100', Northlake, TX, 76247 | 4.91% Rental Yield | Ziffy

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NMLS #2625701

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Ziffy AI Summary

A quick, investor-focused snapshot highlighting income strength, yield potential.

Key metrics	Value
Price	$399,900
Est. Rent	$3,200/mo
ROI	18%

Attractive rent-to-price ratio for income stability
Good fit for DSCR financing with healthy coverage

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Investment Highlights

Rental property for sale in Northlake at Magnolia Plan, Pecan Square 50', 60' & 100', Northlake, TX, 76247 generates $2,460/mo in rent, after a $2,942/mo payment. Total monthly income is $2,460/mo. Return on cash invested sits at 9.05% in year one, and rental yield is 4.91% on a $600,990 entry. Equity gained on principal adds $3,878/yr, while 5% annual appreciation builds toward $166,042 over five years. Five-year ROI reaches 45.79% and total cumulative return in cash sums $90,539. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,460/mo property income rather than buyer’s personal income.

Single Family

Built in 2024

N/A lot

$N/A/sqft

No HOA

More details about the property

Pecan Square boasts modern amenities for modern lifestyles bundled with beautiful Coventry homes, small town ambiance and Northwest ISD schools. Located 1 mile west of I-35W, the Northlake community offers easy access to Alliance Texas employment centers like Amazon, Verizon and BNSF. Shop in Denton, Southlake, and Roanoke. Attend a production or take a few classes at the University of North Texas. At home, you can speed down the internet highway. Your HOA dues include internet access as well as fantastic amenities, including a co-working space and onsite IT professionals. Home automation packages feature the latest smart home technology, including half-gigabit Wi-Fi, Ring Video Doorbell and Echo Show. Central to the community is The Town Square where neighbors meet up, enjoy each other's company and make friends. The Jackson Hall amenity complex houses the fitness center, pools and game room. For outdoor entertainment, Pioneer Park offers an exploration playground, outdoor grills picnic tables, a fire pit and more. Residents can gather for a potluck before heading over to the 22,000-square-foot arena for a concert. Fur babies can run and play at the Barking Lot. Children can walk to school at Johnie Daniel Elementary School located within the community. Also planned are middle and high schools. Contact us today about new home opportunities at Pecan Square.

Neighborhood Data

Neighborhood data shown for ZIP Code: 76247, Justin, TX area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	12,121 (100%)
Owner Occupied HU	9,700 (80.0%)
Renter Occupied HU	1,582 (13.1%)
Vacant Housing Units	839 ( 6.9%)
Median Home Value	$438,515
Average Home Value	$491,845