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$315,000

1513 Amherst Dr, Denton, TX, 76201

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,692 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1.3 / sqft
Year BuiltBuilt in 1985

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Microwave

Exterior

Exterior FeaturesStorage
Lot Size10,080 sqft

Building Information

Year Built1985
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR104231
Lot Number7
SubdivisionNorth Lake Park Addn Ph 5
Land UseResidential
Legal DescriptionNORTH LAKE PARK ADDN PH 5 BLK 7 LOT 7
Census Tract020402
Assessed Land Value$87,413
Assessed Improvement Value$226,587
Assessment Year2025

About this property

This is the Denton lease home you have been searching for! Well-maintained, freshly painted 1-story in a desirable, quiet neighborhood with lots of mature trees. Spacious living room has wood floors, vaulted ceiling and brick fireplace. Bright kitchen has room for all your needs with tons of cabinet and counter space, new cooktop and new microwave. Primary suite boasts wood floors in bedroom and dual sinks, large tub and 2 walk in closets in bathroom. Other amenities include plantation shutters, 2 car garage plus carport and storage building. Fenced backyard is perfect for relaxing with covered patio & shade tree, all backing to open acreage for extra privacy. Ideal location right off of 380 near all the conveniences!

Investor Tools

Property Icon
$315,000
Estimated Property Value
$81,980Estimated Mortgage Balance
$240,995Estimated Equity
74% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,890 /month
Positive
Cash Flow Estimate:
$630 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$648/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,196
$314,000
2025
$87,413
$226,587
$314,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,196
$314,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cheryl Ann Hood Key
Unknown
$81,980
No
First
Apr 9, 2021
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$74,005
$240,995
76%
23%
$492/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$492/mo
+$1,480/mo
7.5%

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Denton

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