605 Panhandle StDentonTX76201
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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 605 Panhandle St, Denton, TX, 76201 priced at $199,000 pairs $1,618/mo rent with $203/mo cash flow after a $974/mo payment. Total monthly income equals $1,618/mo, and annual cash flow comes to $2,435/yr on $65,969 invested. Return on cash invested is 23.6% in year one, and rental yield stands at 9.76% on a $199,000 basis. Equity gained on principal adds $1,284/yr, and 5% annual appreciation accumulates to $54,980 by year five. Five-year ROI measures 123.85% and total cumulative return in cash reaches $81,702. For financing, Ziffy Mortgage’s DSCR program evaluates $1,618/mo property income against a $974/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1949
8,102 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76201, Denton, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,172 (100%) |
| Owner Occupied HU | 1,866 (12.3%) |
| Renter Occupied HU | 11,712 (77.2%) |
| Vacant Housing Units | 1,594 (10.5%) |
| Median Home Value | $338,679 |
| Average Home Value | $405,178 |
Housing Distribution
Address Breakdown
Residential
12,059
Single Family
6,743
Multi-Family
5,316
Businesses
1,451
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