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Mingo Road
Denton, TX 76209
Asking Price
$1.90M
Asset Type
Residential Land
Class
Class B
What's Special
Duplex Lots Near TWU in Denton Texas <ul><li>Excellent infill opportunity to acquire 28 residential lots in fast-growing Denton, TX</li><li>Within walking distance of the Texas Women's University campus and its 16,000+ students</li><li>University of North Texas campus, with a current enrollment of over 46,000, is less than 2.5 miles away</li><li>Historic Downtown Denton Square is just over 1.5 miles from the property</li><li>Property was successfully rezoned to R6</li><li>Final Plat has been submitted for approval</li><li>R6
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NOI
$80,000
Cap Rate
4.21%
DSCR
0.71
Underwater
Cash-on-Cash
-5.75%
Monthly Payment
$9,400.163
Annual Cash Flow
$-32,801.96
