5545 Flannel Ln · Denton, TX 76249

$274,990

3 bd · 2.5 ba · 1,470 sqft · Land · 83 Days on market

Built 2025 4,600 sqft lot $58/mo HOA · 3% of rent ↓ 4% since listing

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Why this score? — see what drove the D- 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).

• Cash flow +9.7/30.0
• ARV discount +7.5/15.0
• Livability +4.4/5.0
• Schools +4.1/10.0
• 1% rule +3.2/10.0
• DSCR +2.7/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

New and Now selling! D.R. Horton's new fabulous Hickory Grove community in Denton and Krum ISD! The two-story Davis Floorplan, Elevation W, with an estimated Spring completion, offers 3 bedrooms, 2.5 bathrooms, and a 2-car garage with a thoughtfully designed layout that blends open-concept living with privately situated bedrooms. The spacious family room, dining area, and modern kitchen create a cohesive gathering space ideal for both entertaining and everyday routines. The well-appointed kitchen features quartz countertops, 36” painted cabinets, stainless steel appliances, a electric range, stainless steel sink, center island, and a walk-in pantry for convenient storage. Upstairs, the private primary suite includes an en-suite bath with dual quartz vanities, a 5-foot oversized shower, and a generous walk-in closet. Three additional bedrooms, a full bathroom with a quartz vanity top, and a centrally located laundry room complete the second floor. Luxury vinyl plank flooring enhances all main living areas and wet zones for durability and easy upkeep. Built with energy-efficient construction and equipped with America’s Smart Home Technology. Exterior highlights include a landscape package, full sprinkler system with rain sensor, privacy fencing, and more. Hickory Grove boasts a range of amenities and future developments, including planned pools and multiple playgrounds for family fun and relaxation. Close proximity to Denton's Rayzor Ranch Marketplace for Shopping and Dining. Convenient to UNT and TWU Universities.

Key facts

• Davis floorplan
• Quartz countertops
• Open-concept living

Tags

• DAVIS FLOORPLAN
• OPEN-CONCEPT LIVING
• WELL-APPOINTED KITCHEN
• QUARTZ COUNTERTOPS
• STAINLESS STEEL APPLIANCES
• WALK-IN PANTRY

What this means for you Summary

Snapshot

• This is a 3-bed/2.5-bath land listed at $275k.

Deal economics

• At list price, monthly cash flow is $-181 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $249k (9.5% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $225k (18.2% below list).
• Recommended offer: $225k (18.2% below list) — sets the bar for 1% rule.
• Cap rate 5.5% vs local median 3.4% in Denton — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

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+.
• Krum ISD (rural): math 44% / reading 46% proficiency, ranked #218 of 826 in TX (top 26%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Krum Early Education Center (430 students, 49% FRL); Krum Middle (math 48% / reading 47%, grade C-, #408 of 1,662 statewide, top 25%, 541 students, 37% FRL); Krum H S (math 37% / reading 52%, grade F, #652 of 1,632 statewide, top 43%, 686 students, 31% FRL).
• Market conditions: 272 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals leasing fast (median 7d on market — plan ~1-2 weeks tenant-placement turnaround); high-income renter base; 10,531 units permitted in Denton County in 2024 (2,713 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $8k 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 83 days — a 6% lower offer ($258k) is reasonable based on typical stale-listing flexibility.

Recommended offer $225,039 (18.2% 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 83 days. Have you received any prior offers? Is the seller open to a 18% 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: 0.82% ✗
• Cap rate: 5.50%
• Cash-on-cash: -2.81%
• DSCR: 0.87
• GRM: 10.2

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: -21.0%
• Equity multiple: 0.27×
• Total profit: $-55,992
• Equity at exit: $41,002

10-year hold

• IRR: -14.3%
• Equity multiple: 0.18×
• Total profit: $-63,284
• Equity at exit: $23,776

Cash invested: $76,997 (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 76249

• Home prices YoY: -11.1%
• Active inventory: 272
• Price-to-rent: 10.2×

Monthly cashflow live

• Estimated rent: $2,250 high
• Mortgage (P&I): −$1,442
• Tax est. 1.5%: −$344 /mo · $4,125/yr
• Insurance: −$115
• HOA: −$58
• Vacancy / Maint / Mgmt: −$473
• Net cashflow: $-181

Break-even live

Break-even rent $2,479

Max offer price $248,859

Occupancy floor —

Sensitivity live

Price	-10% $9	-5% $-86	+0% $-181	+5% $-276	+10% $-371
Rent	-10% $-358	-5% $-269	+0% $-181	+5% $-92	+10% $-3
Rate	-1.0pp $-42	-0.5pp $-111	base $-181	+0.5pp $-252	+1.0pp $-324

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: $68,748
• Closing costs: $8,250
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5533 Flannel Ln Krum, TX	4.0	2.0	1572	$2,100	$1.34	7d	1	0.02mi
5544 Flannel Ln Krum, TX	3.0	2.0	1434	$2,100	$1.46	6d	1	0.02mi
5552 Rollins Dr Krum, TX	3.0	2.0	1450	$2,200	$1.52	24d	1	0.08mi
5568 Corduroy Rd Krum, TX	4.0	2.5	1568	$2,100	$1.34	7d	1	0.10mi
1106 Spring Flower Dr Krum, TX	3.0	2.0	1568	$1,800	$1.15	45d	1	1.17mi

HOA detail

• Monthly dues: $58 · $696/yr
• Likely covers: electriclandscapingpool

Listing history 3 events

1. 2026-05-14
   status Pending 1550-char remark

   Show marketing remark (1550 chars)

   New and Now selling! D.R. Horton's new fabulous Hickory Grove community in Denton and Krum ISD! The two-story Davis Floorplan, Elevation W, with an estimated Spring completion, offers 3 bedrooms, 2.5 bathrooms, and a 2-car garage with a thoughtfully designed layout that blends open-concept living with privately situated bedrooms. The spacious family room, dining area, and modern kitchen create a cohesive gathering space ideal for both entertaining and everyday routines. The well-appointed kitchen features quartz countertops, 36” painted cabinets, stainless steel appliances, a electric range, stainless steel sink, center island, and a walk-in pantry for convenient storage. Upstairs, the private primary suite includes an en-suite bath with dual quartz vanities, a 5-foot oversized shower, and a generous walk-in closet. Three additional bedrooms, a full bathroom with a quartz vanity top, and a centrally located laundry room complete the second floor. Luxury vinyl plank flooring enhances all main living areas and wet zones for durability and easy upkeep. Built with energy-efficient construction and equipped with America’s Smart Home Technology. Exterior highlights include a landscape package, full sprinkler system with rain sensor, privacy fencing, and more. Hickory Grove boasts a range of amenities and future developments, including planned pools and multiple playgrounds for family fun and relaxation. Close proximity to Denton's Rayzor Ranch Marketplace for Shopping and Dining. Convenient to UNT and TWU Universities.

2. 2026-04-09
   price $274,990 1550-char remark

   Show marketing remark (1550 chars)

   New and Now selling! D.R. Horton's new fabulous Hickory Grove community in Denton and Krum ISD! The two-story Davis Floorplan, Elevation W, with an estimated Spring completion, offers 3 bedrooms, 2.5 bathrooms, and a 2-car garage with a thoughtfully designed layout that blends open-concept living with privately situated bedrooms. The spacious family room, dining area, and modern kitchen create a cohesive gathering space ideal for both entertaining and everyday routines. The well-appointed kitchen features quartz countertops, 36” painted cabinets, stainless steel appliances, a electric range, stainless steel sink, center island, and a walk-in pantry for convenient storage. Upstairs, the private primary suite includes an en-suite bath with dual quartz vanities, a 5-foot oversized shower, and a generous walk-in closet. Three additional bedrooms, a full bathroom with a quartz vanity top, and a centrally located laundry room complete the second floor. Luxury vinyl plank flooring enhances all main living areas and wet zones for durability and easy upkeep. Built with energy-efficient construction and equipped with America’s Smart Home Technology. Exterior highlights include a landscape package, full sprinkler system with rain sensor, privacy fencing, and more. Hickory Grove boasts a range of amenities and future developments, including planned pools and multiple playgrounds for family fun and relaxation. Close proximity to Denton's Rayzor Ranch Marketplace for Shopping and Dining. Convenient to UNT and TWU Universities.

3. 2026-02-20
   listed $286,990 Active 1550-char remark

   Show marketing remark (1550 chars)

   New and Now selling! D.R. Horton's new fabulous Hickory Grove community in Denton and Krum ISD! The two-story Davis Floorplan, Elevation W, with an estimated Spring completion, offers 3 bedrooms, 2.5 bathrooms, and a 2-car garage with a thoughtfully designed layout that blends open-concept living with privately situated bedrooms. The spacious family room, dining area, and modern kitchen create a cohesive gathering space ideal for both entertaining and everyday routines. The well-appointed kitchen features quartz countertops, 36” painted cabinets, stainless steel appliances, a electric range, stainless steel sink, center island, and a walk-in pantry for convenient storage. Upstairs, the private primary suite includes an en-suite bath with dual quartz vanities, a 5-foot oversized shower, and a generous walk-in closet. Three additional bedrooms, a full bathroom with a quartz vanity top, and a centrally located laundry room complete the second floor. Luxury vinyl plank flooring enhances all main living areas and wet zones for durability and easy upkeep. Built with energy-efficient construction and equipped with America’s Smart Home Technology. Exterior highlights include a landscape package, full sprinkler system with rain sensor, privacy fencing, and more. Hickory Grove boasts a range of amenities and future developments, including planned pools and multiple playgrounds for family fun and relaxation. Close proximity to Denton's Rayzor Ranch Marketplace for Shopping and Dining. Convenient to UNT and TWU Universities.

ⓘ 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: $27,005
• − Mortgage interest: −$15,404
• − Property taxes: −$4,125
• − Insurance: −$1,375
• − Repairs & maintenance: −$2,160
• − Management: −$2,160
• − HOA: −$696
• − Depreciation: −$8,000
• Taxable loss: −$6,915
• Est. tax savings @ 24.0%: +$1,660
• After-tax cash flow: $-507/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: Krum ISD
• NCES district ID: 4825980
• Math proficiency: 44% ▼ -4.00%
• Reading proficiency: 46% ▬ 0.00%
• Median HH income: $71,808
• Composite: 40.72/100
• National rank: #3664
• State rank: #218 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

• County: Denton County · 901,654 people
• City population: 127,990
• Metro: Dallas-Fort Worth-Arlington, TX
• Population (ZIP): 10,637
• Household income: $120,169
• Rent vs Own: 18.4% rent · 81.6% own
• Severe rent burden: 134.0

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: Predominantly White (79%)
• Race & ethnicity: White 79% Hispanic / Latino 15% Two or more races 8% Asian 1%
• Hispanic origin (detail): Mexican 8%
• Common ancestry: Slovak 3% Lithuanian 2% Serbian 2%
• Foreign-born: 8% · Canada
• Languages at home: 86% English-only · Spanish 12% Arabic 1% 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: ▼ -34.45%
• Current HPI: 276.067
• Rent YoY: —
• 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

-4.2% since first listed

3 events — show timeline

• 2026-05-14 Pending — NTREIS
• 2026-04-09 Price Changed $274,990 NTREIS
• 2026-02-20 Listed $286,990 NTREIS