2601 Flycatcher Dr · Denton, TX 76205

$517,805

5 bd · 4.0 ba · 2,922 sqft · Land · 86 Days on market

Built 2026 7,536 sqft lot $177/sqft · 16% above area Est $445k · 16% over $67/mo HOA · 2% of rent

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Why this score? — see what drove the F grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Livability +4.4/5.0
• Cash flow +4.3/30.0
• Schools +3.5/10.0
• Condition / age +2.5/5.0
• Rent growth +1.7/5.0
• 1% rule +0.5/10.0
• ARV discount +0.1/15.0
• DSCR +0.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Now Selling in the new phase of the fabulous D.R. Horton Eagle Creek community in Denton and Denton ISD! Open concept Two Story 5-4-2 Mallard Floorplan-Elevation A, located on a premium corner lot! Estimated Summer Completion! Large Chef's Kitchen with Island, Quartz Countertops, tiled Backsplash, Pendant lights, built-in Stainless Steel Appliances, electric Oven, gas Cooktop, and walk-in Pantry. Luxurious main Bedroom with dual sink Quartz top Vanity, Garden Tub and separate Shower, and walk-in Closet. Guest Bedroom downstairs; 3 Bedrooms, Game room plus Loft and 2 full Bath upstairs. Quartz topped Vanity also in secondary Baths. RevWood flooring at Entry, Halls, Living, Kitchen and Wet areas plus Home is Connected Smart Home Technology. Tankless Water Heater, covered back Patio, full Gutters, front exterior Coach Lights, 6 ft fenced backyard, landscape Pkg with full Sprinkler System and more! Community Playground, Amenity Center and Pool. Close proximity to Downtown Denton, UNT, TWU, The Square, Rayzor Ranch Town Center Shopping and Restaurants, I-35E & I-35W.

Key facts

• Quartz countertops
• Main bedroom
• Separate shower

Tags

• CHEF'S KITCHEN
• QUARTZ COUNTERTOPS
• WALK-IN PANTRY
• MAIN BEDROOM
• GARDEN TUB
• SEPARATE SHOWER

What this means for you Summary

Snapshot

• This is a 5-bed/4.0-bath land listed at $518k.

Deal economics

• At list price, monthly cash flow is $-1k ($-17k/yr) — negative.
• To cash-flow at today's rent, offer at most $317k (38.7% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $286k (44.7% below list).
• Recommended offer: $286k (44.7% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 88/100 on livability (#2 in TX, #210 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, housing A+.
• Denton ISD (urban): math 36% / reading 43% proficiency, ranked #383 of 826 in TX (top 46%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents falling (-3.4%/yr); 171 active listings in the ZIP; 8 comparable units currently listed for rent nearby; rentals at typical pace (median 14d on market — plan ~3-4 weeks tenant-placement turnaround); 10,531 units permitted in Denton County in 2024 (2,713 in 5+ unit buildings).
• At $2,861/mo this rent would consume 50% of the median local household income ($69k/yr) (locally 1268% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $4k of loan paydown is wiped out by about $16k of value loss. Plan a longer hold.
• Denton County population projected at +66% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 86 days — a 6% lower offer ($487k) is reasonable based on typical stale-listing flexibility.

Recommended offer $286,093 (44.7% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 86 days. Have you received any prior offers? Is the seller open to a 45% concession, seller financing, or rate buy-down credit?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
7. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
8. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
9. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
10. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.55% ✗
• Cap rate: 3.08%
• Cash-on-cash: -11.47%
• DSCR: 0.49
• GRM: 15.1

CMA / ARV

• ARV (median comp): $445,035
• List price: $517,805
• Delta: 16.35%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -40.6%
• Equity multiple: -0.24×
• Total profit: $-180,437
• Equity at exit: $77,206

10-year hold

• IRR: -88.6%
• Equity multiple: -1.09×
• Total profit: $-302,791
• Equity at exit: $44,770

Cash invested: $144,985 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Texas: 87 Strongly Landlord-Friendly · R+5
• County: — inherits STATE
• City: — inherits STATE

3-day notice; statewide preemption; one of the fastest eviction climates; Travis County (Austin) slightly slower.

Methodology + full state rankings →

ZIP-level market 76205

• Home prices YoY: -25.8%
• Rents YoY: -3.4%
• Active inventory: 171
• Price-to-rent: 15.1×

Monthly cashflow live

• Estimated rent: $2,861 high
• Mortgage (P&I): −$2,715
• Tax est. 1.5%: −$647 /mo · $7,767/yr
• Insurance: −$216
• HOA: −$67
• Vacancy / Maint / Mgmt: −$601
• Net cashflow: $-1,385

Break-even live

Break-even rent $4,614

Max offer price $317,350

Occupancy floor —

Sensitivity live

Price	-10% $-1,027	-5% $-1,206	+0% $-1,385	+5% $-1,564	+10% $-1,743
Rent	-10% $-1,611	-5% $-1,498	+0% $-1,385	+5% $-1,272	+10% $-1,159
Rate	-1.0pp $-1,125	-0.5pp $-1,254	base $-1,385	+0.5pp $-1,519	+1.0pp $-1,656

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $129,451
• Closing costs: $15,534
• Reserves months: —
• Total cash needed: —

Rent comps 8 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1513 Woodpecker St Denton, TX	4.0	3.0	2733	$3,500	$1.28	11d	1	0.20mi
1709 Sparrow St Denton, TX	5.0	4.0	2922	$3,300	$1.13	0d	1	0.23mi
2201 Yellowhammer Rd Denton, TX	4.0	3.0	2874	$3,150	$1.10	25d	1	0.34mi
2605 Starling St Denton, TX	5.0	3.0	2150	$2,850	$1.33	0d	1	0.34mi
3108 Spenrock Ct Denton, TX	4.0	2.5	2124	$2,200	$1.04	45d	1	1.20mi
1029 Beechwood Dr Denton, TX	4.0	2.5	2105	$2,200	$1.05	44d	1	1.40mi
2016 Pembrooke Pl Denton, TX	4.0	3.5	2820	$3,250	$1.15	5d	1	1.42mi
1120 Springcreek Dr Denton, TX	4.0	2.5	2698	$2,370	$0.88	14d	1	1.42mi

HOA detail

• Monthly dues: $67 · $804/yr
• Likely covers: watergaselectricpool

Listing history 16 events

1. 2026-06-21
   days on market $517,805 Active 86 DOM
2. 2026-06-18
   days on market $517,805 Active 83 DOM
3. 2026-06-17
   days on market $517,805 Active 82 DOM
4. 2026-06-16
   days on market $517,805 Active 81 DOM
5. 2026-06-15
   days on market $517,805 Active 80 DOM
6. 2026-06-13
   days on market $517,805 Active 78 DOM
7. 2026-06-09
   days on market $517,805 Active 74 DOM
8. 2026-06-08
   days on market $517,805 Active 73 DOM
9. 2026-06-07
   days on market $517,805 Active 72 DOM
10. 2026-06-04
    days on market $517,805 Active 69 DOM
11. 2026-06-03
    days on market $517,805 Active 68 DOM
12. 2026-06-02
    days on market $517,805 Active 67 DOM
13. 2026-06-01
    days on market $517,805 Active 66 DOM
14. 2026-05-31
    days on market $517,805 Active 65 DOM
15. 2026-04-14
    price $517,805 1082-char remark

    Show marketing remark (1082 chars)

    Now Selling in the new phase of the fabulous D.R. Horton Eagle Creek community in Denton and Denton ISD! Open concept Two Story 5-4-2 Mallard Floorplan-Elevation A, located on a premium corner lot! Estimated Summer Completion! Large Chef's Kitchen with Island, Quartz Countertops, tiled Backsplash, Pendant lights, built-in Stainless Steel Appliances, electric Oven, gas Cooktop, and walk-in Pantry. Luxurious main Bedroom with dual sink Quartz top Vanity, Garden Tub and separate Shower, and walk-in Closet. Guest Bedroom downstairs; 3 Bedrooms, Game room plus Loft and 2 full Bath upstairs. Quartz topped Vanity also in secondary Baths. RevWood flooring at Entry, Halls, Living, Kitchen and Wet areas plus Home is Connected Smart Home Technology. Tankless Water Heater, covered back Patio, full Gutters, front exterior Coach Lights, 6 ft fenced backyard, landscape Pkg with full Sprinkler System and more! Community Playground, Amenity Center and Pool. Close proximity to Downtown Denton, UNT, TWU, The Square, Rayzor Ranch Town Center Shopping and Restaurants, I-35E & I-35W.

16. 2026-03-26
    listed $520,040 Active 1082-char remark

    Show marketing remark (1082 chars)

    Now Selling in the new phase of the fabulous D.R. Horton Eagle Creek community in Denton and Denton ISD! Open concept Two Story 5-4-2 Mallard Floorplan-Elevation A, located on a premium corner lot! Estimated Summer Completion! Large Chef's Kitchen with Island, Quartz Countertops, tiled Backsplash, Pendant lights, built-in Stainless Steel Appliances, electric Oven, gas Cooktop, and walk-in Pantry. Luxurious main Bedroom with dual sink Quartz top Vanity, Garden Tub and separate Shower, and walk-in Closet. Guest Bedroom downstairs; 3 Bedrooms, Game room plus Loft and 2 full Bath upstairs. Quartz topped Vanity also in secondary Baths. RevWood flooring at Entry, Halls, Living, Kitchen and Wet areas plus Home is Connected Smart Home Technology. Tankless Water Heater, covered back Patio, full Gutters, front exterior Coach Lights, 6 ft fenced backyard, landscape Pkg with full Sprinkler System and more! Community Playground, Amenity Center and Pool. Close proximity to Downtown Denton, UNT, TWU, The Square, Rayzor Ranch Town Center Shopping and Restaurants, I-35E & I-35W.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Taxation est. · year 1

• Rental income: $34,331
• − Mortgage interest: −$29,005
• − Property taxes: −$7,767
• − Insurance: −$2,589
• − Repairs & maintenance: −$2,746
• − Management: −$2,746
• − HOA: −$804
• − Depreciation: −$15,063
• Taxable loss: −$26,390
• Est. tax savings @ 24.0%: +$6,334
• After-tax cash flow: $-10,290/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Denton ISD
• NCES district ID: 4816740
• Math proficiency: 36% ▼ -18.00%
• Reading proficiency: 43% ▼ -9.00%
• Median HH income: $58,913
• Composite: 34.91/100
• National rank: #5075
• State rank: #383 of 826 in TX

Livability — Denton

• Score: 88/100
• State rank: #2
• US rank: #210

Category grades

Amenities A+ Commute A+ Cost of living A- Crime B Employment B- Housing A+ Health & safety B+ User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Denton, TX
• County: Denton County · 901,654 people
• City population: 127,990
• Metro: Dallas-Fort Worth-Arlington, TX
• Population (ZIP): 18,978
• Household income: $68,600
• Rent vs Own: 58.3% rent · 41.7% own
• Severe rent burden: 1268.0

Population outlook (Denton County) Hauer SSP2

• Today (2025): 1,053,010 people
• By 2030: 1,192,269 · +13.2%
• By 2040: 1,472,920 · +39.9%
• By 2050: 1,746,506 · +65.9%
• By 2075: 2,358,497 · +124.0%
• By 2100: 2,779,183 · +163.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.67)
• Race & ethnicity: White 49% Hispanic / Latino 26% Two or more races 18% Black 17% Asian 2%
• Hispanic origin (detail): Mexican 24%
• Common ancestry: Italian 3% Slovak 2% Lithuanian 2%
• Foreign-born: 17% · Canada, China
• Languages at home: 76% English-only · Spanish 18% Arabic 3% Other Indo-European 1%

Political lean MEDSL · Denton

• 2024 margin: R (+13.2) · D 42.7% · R 55.8% · Other 1.5%
• 2008→2024 swing: +11.0pp toward D · 2008: -24.2pp · 2024: -13.2pp
• All cycles: 2024: R+13.2 2020: R+8.1 2016: R+20.2 2012: R+31.7 2008: R+24.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -101.13%
• Current HPI: 290.7883
• Rent YoY: ▼ -3.40%
• Metro: Dallas-Fort Worth-Arlington, TX
• State GDP YoY: ▲ 3.95%
• F500 in state: 110

Industry mix (Fortune 500 HQ in TX)

Industry	F500 HQs	Revenue
▸Energy	16	$1,198B
▸Technology	5	$198B
▸Engineering / Construction	4	$72B
▸Energy Services	3	$60B
▸Utilities	3	$41B
▸Healthcare	2	$330B

Price history

-0.4% since first listed

2 events — show timeline

• 2026-04-14 Price Changed $517,805 NTREIS
• 2026-03-26 Listed $520,040 NTREIS

Property tax history

-13.4%/yr

Latest (2025): $320 · +23.6% YoY. Source: county tax records.