856 W Collins StDentonTX76201
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 856 W Collins St, Denton, TX, 76201 priced at $200,000 converts $1,830/mo rent into $245/mo cash flow after a $979/mo obligation. Total monthly income equals $1,830/mo, and annual cash flow totals $2,944/yr on $66,300 invested. Return on cash invested prints 24.35% in year one, and rental yield reads 10.98% against a $200,000 entry. Equity gained on principal adds $1,291/yr, while 5% annual appreciation compiles into $55,256 by year five. Five-year ROI reaches 128.97% and total cumulative return in cash sums $85,508. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,830/mo property income covering a $979/mo payment, not borrower’s personal income.
Condo
Built in 1984
5.91 Acres lot
$N/A/sqft
$120 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Leigh Bates • Jason Mitchell Real Estate
Mls Name: NTREIS
Mls ID: #20892842
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.