2324 SouthwayDentonTX76207
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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 2324 Southway, Denton, TX, 76207 generates $1,639/mo in rent and, after a $1,126/mo payment, leaves $3/mo in cash flow. Total monthly income is $1,639/mo, and annual cash flow is $38/yr on $76,245 invested. Return on cash invested sits at 19.96% in year one, and rental yield is 8.55% on a $230,000 entry. Equity gained on principal adds $1,484/yr, while 5% annual appreciation builds toward $63,545 over five years. Five-year ROI reaches 104.37% and total cumulative return in cash sums $79,579. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,639/mo property income rather than buyer’s personal income.
Single Family
Built in 2000
4,486 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76207, Denton, TX area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
10,299
Single Family
7,622
Multi-Family
2,677
Businesses
417
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