101 Monarch LN
About This Property
The main-level primary suite includes a bay-window sitting area and a generous bath with dual vanities, soaking tub, separate shower, and walk-in closet. Upstairs are 3 additional bedrooms, 2 full baths, upgraded carpet, and a large game room or second living area. Outside, enjoy privacy beneath majestic oak trees, Zoysia grass, and an extended stone patio with room for entertaining or a future pool.
Major improvements include a new roof and gutters installed in 2025 with a transferable warranty, plus new HVAC systems installed in 2021. Additional features include invisible fencing in the front and back yards and AT&T Fiber internet. The home was pre-inspected, with most identified deficiencies corrected.
Located in desirable Belterra and zoned to exemplary-rated Dripping Springs ISD schools, the home is a short walk from Rooster Springs Elementary. Sycamore Springs Middle School is 5 minutes away, and Dripping Springs High School is about 10 minutes away. Walk to parks, the duck pond, trails, community pool, fitness center, and amenity complex. Belterra offers more than 15 miles of trails, weekly social activities, numerous clubs, and the Belterra Marlins summer swim team for ages 4–18. Belterra Village is also walkable and offers restaurants, specialty shops, fitness studios, a movie theater, hardware store. A newer H-E-B is a 5 minute drive away.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 10, 2026 | Listed by Compass RE Texas, LLC | $785,000 | |
| Listed by Compass RE Texas, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017