Want to achieve an ROI above 8% on your real estate investments? Denton, Texas may be the perfect place to grow your portfolio!
Located in the heart of North Texas, the town offers a mix of small-town vibes and big-city perks. With its growing job market, vibrant music scene, and two major universities, Denton attracts many people.
As the town continues to grow, certain neighborhoods are emerging as prime targets for real estate investing.
If you're a savvy investor, below are up-and-coming areas in Denton that offer the best prospects for your investments. Keep reading to learn more.
Downtown Denton
If you want rental property in a lively atmosphere, Downtown Denton is the perfect place to invest. With its arts scene, local shops, and dining options, this neighborhood in Denton attracts both families and students.
A one-bedroom apartment in the area rents for $1,200 to $1,500 per month, offering rental yields of about 5-6%. For lower vacancy rates and higher rent, focus on properties near the Denton County Courthouse-on-the-Square Museum. But remember, you may face seasonal fluctuations due to university breaks.
UNT Campus Area
For a steady income stream, consider property near the University of North Texas (UNT) Campus Area. The area is popular among students and university staff for its proximity to campus amenities. Two-bedroom apartments usually rent for $1,400 to $1,800 monthly, with solid yields around 5%.
Consider investing in multi-family properties or single-family homes that you can convert into student rentals. Student housing in Texas can be a turnkey investment. As soon as you purchase the property, you'll often rent it out.
Southridge
Looking for stability?
Top Denton neighborhoods like Southridge are perfect if you're looking for long-term investments. Popular with families and professionals, this area features spacious homes and townhouses. A three-bedroom home can rent for $2,000 to $2,500 per month, with rental yields around 3-4%.
To attract top-tier tenants, try out properties near South Lakes Park. However, be ready to pay a steep initial investment in this competitive market.
Real Estate Advice in Denton, TX
Looking to level up real estate investing in Denton? You're in the right place! Denton offers some of the most exciting investment opportunities in Texas.
Here are tips to help you make the most out of your Denton investments:
- Research local trends to understand current market dynamics
- Find affordable properties to get a good chance to enter the market
- Determine the growth potential of your investment
- Work with a qualified property management company
Following these strategies will help you capitalize on your investment opportunities in Denton. As a result, you can build a profitable portfolio.
Engage in Profitable Real Estate Investing in Denton Texas
Choosing the right neighborhood is key to successful real estate investing. With Downtown Denton, Southridge, and UNT Campus Area all showing signs of growth, now is the time to take advantage of these investment opportunities in Denton.
Ready to make your mark in the Denton real estate market? Don't leave your investment to chance - partner with PMI United. With 20 years of property management expertise, we can help you identify profitable investment opportunities in Denton.
Don't wait. Get in touch with us and start turning your real estate dreams into reality!
