5303 Elk Ridge DrDentonTX76207
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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 5303 Elk Ridge Dr, Denton, TX, 76207 offers a 11.01% rental yield on a $336,490 purchase with $3,088/mo rent. Total monthly income registers $3,088/mo, and a $1,647/mo payment leaves $695/mo available for distribution. Annual cash flow reaches $8,341/yr on $111,546 to close, and return on cash invested stands at 27.39% in year one. Equity gained on principal adds $2,171/yr while 5% annual appreciation supports $92,966 over five years. Portfolio math shows five-year ROI at 144.19% and total cumulative return in cash at $160,844. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,088/mo property income against a $1,647/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
5,662 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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