220 Old Airport RdDenisonTX75021
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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 Denison at 220 Old Airport Rd, Denison, TX, 75021 priced at $1,249,000 converts $3,432/mo rent into after a $6,113/mo obligation. Total monthly income equals $3,432/mo. Return on cash invested prints 4.21% in year one, and rental yield reads 3.3% against a $1,249,000 entry. Equity gained on principal adds $8,060/yr, while 5% annual appreciation compiles into $345,076 by year five. Five-year ROI reaches 19.8% and total cumulative return in cash sums $80,111. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,432/mo property income covering a $6,113/mo payment, not borrower’s personal income.
Single Family
Built in 1997
15 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75021, Denison, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,012 (100%) |
| Owner Occupied HU | 2,705 (67.4%) |
| Renter Occupied HU | 901 (22.5%) |
| Vacant Housing Units | 406 (10.1%) |
| Median Home Value | $248,003 |
| Average Home Value | $284,767 |
Housing Distribution
Address Breakdown
Residential
3,837
Single Family
3,837
Multi-Family
0
Businesses
375
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Listed by: Cristi Perkins • ERA Steve Cook & Co, REALTORS
Mls Name: NTREIS
Mls ID: #20785425
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.