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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% |
Rental property for sale in Denton at 3016 Montebello Dr, Denton, TX, 76210 priced at $600,000 converts $3,023/mo rent into after a $2,937/mo obligation. Total monthly income equals $3,023/mo. Return on cash invested prints 11.18% in year one, and rental yield reads 6.05% against a $600,000 entry. Equity gained on principal adds $3,872/yr, while 5% annual appreciation compiles into $165,769 by year five. Five-year ROI reaches 57.71% and total cumulative return in cash sums $113,928. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,023/mo property income covering a $2,937/mo payment, not borrower’s personal income.
Single Family
Built in 2012
6,708 sqft lot
$N/A/sqft
$650 quarterly HOA
Neighborhood data shown for ZIP Code: 76210, Denton, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,620 (100%) |
| Owner Occupied HU | 12,637 (71.7%) |
| Renter Occupied HU | 4,554 (25.8%) |
| Vacant Housing Units | 429 ( 2.4%) |
| Median Home Value | $388,162 |
| Average Home Value | $438,547 |
Residential
17,308
Single Family
14,781
Multi-Family
2,527
Businesses
613
Date | Event | Price |
|---|---|---|
| 2024-11-08 | Price change | $600,000 |
| 2024-10-18 | Listed for sale | $624,900 |
| 2022-09-19 | Sold | N/A |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-12-27 | $8571.07 | -2.18% | $506,000 | -2.99% |
| 2023-12-27 | $8761.74 | -6.92% | $521,579 | 17.62% |
| 2022-12-27 | $9413.35 | 8.52% | $443,435 | 5.82% |
Listed by: James Williams • Berkshire HathawayHS PenFed TX
Mls Name: NTREIS
Mls ID: #20757164
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.
