1503 Panhandle StDentonTX76201
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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
Investment Highlights
Rental property for sale in Denton at 1503 Panhandle St, Denton, TX, 76201 priced at $304,000 converts $2,240/mo rent into $78/mo cash flow after a $1,488/mo obligation. Total monthly income equals $2,240/mo, and annual cash flow totals $938/yr on $100,776 invested. Return on cash invested prints 20.84% in year one, and rental yield reads 8.84% against a $304,000 entry. Equity gained on principal adds $1,962/yr, while 5% annual appreciation compiles into $83,990 by year five. Five-year ROI reaches 109.08% and total cumulative return in cash sums $109,928. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,240/mo property income covering a $1,488/mo payment, not borrower’s personal income.
Single Family
Built in 1940
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76201, Denton, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,172 (100%) |
| Owner Occupied HU | 1,866 (12.3%) |
| Renter Occupied HU | 11,712 (77.2%) |
| Vacant Housing Units | 1,594 (10.5%) |
| Median Home Value | $338,679 |
| Average Home Value | $405,178 |
Housing Distribution
Address Breakdown
Residential
12,059
Single Family
6,743
Multi-Family
5,316
Businesses
1,451
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Listed by: Monica Garcia • KELLER WILLIAMS REALTY
Mls Name: NTREIS
Mls ID: #20902714
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.