2601 N Locust StDentonTX76209
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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
Investment property for sale in Denton at 2601 N Locust St, Denton, TX, 76209 offers a 9.35% rental yield on a $250,000 purchase with $1,948/mo rent. Total monthly income registers $1,948/mo, and a $1,224/mo payment leaves $170/mo available for distribution. Annual cash flow reaches $2,038/yr on $82,875 to close, and return on cash invested stands at 22.37% in year one. Equity gained on principal adds $1,613/yr while 5% annual appreciation supports $69,070 over five years. Portfolio math shows five-year ROI at 117.24% and total cumulative return in cash at $97,162. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,948/mo property income against a $1,224/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1970
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76209, Denton, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,785 (100%) |
| Owner Occupied HU | 5,104 (43.3%) |
| Renter Occupied HU | 5,907 (50.1%) |
| Vacant Housing Units | 774 ( 6.6%) |
| Median Home Value | $335,497 |
| Average Home Value | $488,296 |
Housing Distribution
Address Breakdown
Residential
11,602
Single Family
9,490
Multi-Family
2,112
Businesses
284
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Listed by: Debi Rogers • Repeat Realty, LLC
Mls Name: NTREIS
Mls ID: #20867581
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.