1551 FM 120, Denison, TX, USA
Excellent
90/100This is an excellent deal — priced below the local market with healthy equity after repairs. Watch that the neighborhood scores low.
- 71% below area price per sqft
- $193k potential equity (152%)
- $970/mo positive cash flow
- 15.93% cap rate
- Neighborhood scores 66/100
Price vs. Market
ARV Assessment
Based on 6 recent sales within 0.5 miles, comparable townhome homes of similar size traded between $231k and $297k. The subject's 1,507 sqft and 3bd/2ba layout supports a midpoint estimate of $263k.
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Property presents in turnkey condition. Estimated rehab of $3k covers minor refresh and make-ready.
Sales-comparison approach weighted by recency, proximity, and price-per-sqft, adjusted for condition and lot. Confidence: high.
Rental Income
The Denison rental market shows strong demand. Median area rent is $900/mo with a 11% vacancy rate.
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Comparable 3bd units nearby rent for $1,550–$1,860. At $1,690/mo the gross yield is 28.97% of the purchase price.
Rent estimated from active and leased comps adjusted for size, condition, and submarket trends.
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