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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% |
Investment property for sale in Denton at 12601 Gritstone Dr, Denton, TX, 76207 offers a 7.34% rental yield on a $520,000 purchase with $3,180/mo rent. 24% in year one. Equity gained on principal adds $3,355/yr while 5% annual appreciation supports $143,666 over five years. Portfolio math shows five-year ROI at 74.43% and total cumulative return in cash at $127,343. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,180/mo property income against a $2,545/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2019
5,314 sqft lot
$N/A/sqft
$1,869 semi-annually HOA
Neighborhood data shown for ZIP Code: 76207, Denton, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,908 (100%) |
| Owner Occupied HU | 6,946 (58.3%) |
| Renter Occupied HU | 3,780 (31.7%) |
| Vacant Housing Units | 1,182 ( 9.9%) |
| Median Home Value | $422,245 |
| Average Home Value | $496,496 |
Residential
10,299
Single Family
7,622
Multi-Family
2,677
Businesses
417
Date | Event | Price |
|---|---|---|
| 2024-07-05 | Price change | $520,000 |
| 2024-06-20 | Listed for sale | $530,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-15 | $4374.35 | -26.73% | $436,010 | 10.00% |
| 2022-08-15 | $5970.35 | -12.95% | $396,373 | 10.00% |
| 2021-08-15 | $6858.85 | 44.71% | $360,339 | 69.01% |
Listed by: Sunny Darden • Compass RE Texas, LLC
Mls Name: NTREIS
Mls ID: #20649382
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.
