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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 5805 Morrow Point Dr, Denton, TX, 76226 offers $4,759/mo rent that, after a $1,859/mo payment, leaves $2,012/mo cash flow. Total monthly income is $4,759/mo, and annual cash flow is $24,145/yr on $125,937 cash. Return on cash invested measures 39.08% in year one, and rental yield stands at 15.03% at a $379,900 entry. Equity gained on principal adds $2,451/yr while 5% annual appreciation compounds into $104,959 by year five. Five-year ROI records 207.05% and total cumulative return in cash reaches $260,753. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,759/mo property income versus a $1,859/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2022
6,229 sqft lot
$N/A/sqft
$550 annually HOA
Neighborhood data shown for ZIP Code: 76226, Argyle, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,414 (100%) |
| Owner Occupied HU | 15,448 (88.7%) |
| Renter Occupied HU | 1,291 ( 7.4%) |
| Vacant Housing Units | 675 ( 3.9%) |
| Median Home Value | $615,556 |
| Average Home Value | $679,325 |
Residential
16,345
Single Family
16,345
Multi-Family
0
Businesses
916
Date | Event | Price |
|---|---|---|
| 2024-08-09 | Price change | $379,900 |
| 2024-08-01 | Listed for sale | $389,900 |
| 2023-03-24 | Sold | N/A |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Beverly Wootton • Keller Williams Realty
Mls Name: NTREIS
Mls ID: #20685084
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.
