5408 Locke 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
Rental property for sale in Denton at 5408 Locke Dr, Denton, TX, 76207 priced at $435,955 pairs $3,088/mo rent with after a $2,134/mo payment. Total monthly income equals $3,088/mo. Return on cash invested is 19.43% in year one, and rental yield stands at 8.5% on a $435,955 basis. Equity gained on principal adds $2,813/yr, and 5% annual appreciation accumulates to $120,446 by year five. Five-year ROI measures 101.6% and total cumulative return in cash reaches $146,832. For financing, Ziffy Mortgage’s DSCR program evaluates $3,088/mo property income against a $2,134/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2025
5,501 sqft lot
$N/A/sqft
$550 annually 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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Listed by: Ginger Weeks • RE/MAX DFW Associates
Mls Name: NTREIS
Mls ID: #20942208
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.