3109 Forrestridge DrDentonTX76205
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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 3109 Forrestridge Dr, Denton, TX, 76205 generates $3,462/mo in rent, after a $2,814/mo payment. Total monthly income is $3,462/mo. Return on cash invested sits at 16.09% in year one, and rental yield is 7.23% on a $575,000 entry. Equity gained on principal adds $3,710/yr, while 5% annual appreciation builds toward $158,862 over five years. Five-year ROI reaches 83.53% and total cumulative return in cash sums $158,027. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,462/mo property income rather than buyer’s personal income.
Single Family
Built in 1992
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76205, Denton, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,387 (100%) |
| Owner Occupied HU | 3,048 (32.5%) |
| Renter Occupied HU | 5,615 (59.8%) |
| Vacant Housing Units | 724 ( 7.7%) |
| Median Home Value | $409,452 |
| Average Home Value | $586,065 |
Housing Distribution
Address Breakdown
Residential
7,769
Single Family
4,530
Multi-Family
3,239
Businesses
887
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