5517 Rollins Dr · Denton, TX 76249

$304,990

5 bd · 2.5 ba · 1,892 sqft · Land · 42 Days on market

Built 2026 4,600 sqft lot $161/sqft · 10% below area Est $340k · 10% under $58/mo HOA · 2% of rent

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Why this score? — see what drove the C- 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 +17.6/30.0
• ARV discount +12.1/15.0
• DSCR +5.5/10.0
• Livability +4.4/5.0
• Schools +4.1/10.0
• 1% rule +3.6/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

D.R. Horton, America's Builder is NOW SELLING in the New fabulous Community of Hickory Grove in Denton and Krum ISD! The two-story Franklin Floorplan, Elevation X, with an estimated Summer completion, offers 5 bedrooms, 3 bathrooms, and a 2-car garage. A family-friendly layout that combines open-concept living with ample private bedroom space. The kitchen, dining area, and family room connect effortlessly, creating a bright and functional hub perfect for daily living and entertaining. The stylish kitchen includes quartz countertops, 36” painted cabinets, stainless steel Frigidaire appliances, a electric range, stainless steel sink, center island, and a walk-in pantry for generous storage. The first floor features a secondary bedroom and full bath, ideal for multigenerational living or guest use. Upstairs, the private primary suite offers an en-suite bath with dual quartz vanities, a 5-foot oversized shower, and a walk-in closet. Three additional bedrooms, a full bathroom with a quartz vanity top, and a conveniently placed laundry room complete the second level. Luxury vinyl plank flooring enhances all main living areas and wet zones for long-lasting performance and easy maintenance. Built with energy-efficient construction and equipped with America’s Smart Home Technology. Hickory Grove boasts a range of amenities and future developments, including planned pools and multiple playgrounds for family fun and relaxation.

Key facts

• Quartz countertops
• Stylish kitchen
• En-suite bath

Tags

• OPEN-CONCEPT LIVING
• STYLISH KITCHEN
• QUARTZ COUNTERTOPS
• WALK-IN PANTRY
• PRIVATE PRIMARY SUITE
• EN-SUITE BATH

What this means for you Summary

Snapshot

• This is a 5-bed/2.5-bath land listed at $305k.

Deal economics

• At list price, monthly cash flow is $238 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $263k (13.9% below list).
• Recommended offer: $263k (13.9% below list) — sets the bar for 1% rule.
• Cap rate 7.2% 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.
• Market conditions: 273 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals leasing fast (median 6d 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 $9k 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 42 days — a 3% lower offer ($296k) is reasonable based on typical stale-listing flexibility.

Recommended offer $262,600 (13.9% below list)

Questions for the listing agent

1. It's been on market 42 days. Have you received any prior offers? Is the seller open to a 14% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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.
6. 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.
7. 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: 0.86% ✗
• Cap rate: 7.23%
• Cash-on-cash: 3.34%
• DSCR: 1.15
• GRM: 9.7

CMA / ARV

• ARV (median comp): $340,040
• List price: $304,990
• Delta: -10.31%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: -11.1%
• Equity multiple: 0.60×
• Total profit: $-34,412
• Equity at exit: $45,475

10-year hold

• IRR: -1.9%
• Equity multiple: 0.87×
• Total profit: $-10,990
• Equity at exit: $26,370

Cash invested: $85,397 (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: 273
• Price-to-rent: 9.7×

Monthly cashflow live

• Estimated rent: $2,626 medium
• Mortgage (P&I): −$1,599
• Tax from tax record: −$52 /mo · $629/yr
• Insurance: −$127
• HOA: −$58
• Vacancy / Maint / Mgmt: −$551
• Net cashflow: $238

Break-even live

Break-even rent $2,325

Max offer price $304,990

Occupancy floor 86%

Sensitivity live

Price	-10% $410	-5% $324	+0% $238	+5% $-197	+10% $-302
Rent	-10% $30	-5% $134	+0% $238	+5% $341	+10% $445
Rate	-1.0pp $391	-0.5pp $315	base $238	+0.5pp $159	+1.0pp $78

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: $76,248
• Closing costs: $9,150
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5533 Flannel Ln Krum, TX	4.0	2.0	1572	$2,100	$1.34	6d	1	0.06mi
5568 Corduroy Rd Krum, TX	4.0	2.5	1568	$2,100	$1.34	6d	1	0.16mi
1504 Tin Roof Rd Krum, TX	5.0	3.0	2044	$2,800	$1.37	44d	1	0.17mi

HOA detail

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

Listing history 2 events

1. 2026-05-14
   status Pending 1453-char remark

   Show marketing remark (1453 chars)

   D.R. Horton, America's Builder is NOW SELLING in the New fabulous Community of Hickory Grove in Denton and Krum ISD! The two-story Franklin Floorplan, Elevation X, with an estimated Summer completion, offers 5 bedrooms, 3 bathrooms, and a 2-car garage. A family-friendly layout that combines open-concept living with ample private bedroom space. The kitchen, dining area, and family room connect effortlessly, creating a bright and functional hub perfect for daily living and entertaining. The stylish kitchen includes quartz countertops, 36” painted cabinets, stainless steel Frigidaire appliances, a electric range, stainless steel sink, center island, and a walk-in pantry for generous storage. The first floor features a secondary bedroom and full bath, ideal for multigenerational living or guest use. Upstairs, the private primary suite offers an en-suite bath with dual quartz vanities, a 5-foot oversized shower, and a walk-in closet. Three additional bedrooms, a full bathroom with a quartz vanity top, and a conveniently placed laundry room complete the second level. Luxury vinyl plank flooring enhances all main living areas and wet zones for long-lasting performance and easy maintenance. Built with energy-efficient construction and equipped with America’s Smart Home Technology. Hickory Grove boasts a range of amenities and future developments, including planned pools and multiple playgrounds for family fun and relaxation.

2. 2026-04-02
   listed $304,990 Active 1453-char remark

   Show marketing remark (1453 chars)

   D.R. Horton, America's Builder is NOW SELLING in the New fabulous Community of Hickory Grove in Denton and Krum ISD! The two-story Franklin Floorplan, Elevation X, with an estimated Summer completion, offers 5 bedrooms, 3 bathrooms, and a 2-car garage. A family-friendly layout that combines open-concept living with ample private bedroom space. The kitchen, dining area, and family room connect effortlessly, creating a bright and functional hub perfect for daily living and entertaining. The stylish kitchen includes quartz countertops, 36” painted cabinets, stainless steel Frigidaire appliances, a electric range, stainless steel sink, center island, and a walk-in pantry for generous storage. The first floor features a secondary bedroom and full bath, ideal for multigenerational living or guest use. Upstairs, the private primary suite offers an en-suite bath with dual quartz vanities, a 5-foot oversized shower, and a walk-in closet. Three additional bedrooms, a full bathroom with a quartz vanity top, and a conveniently placed laundry room complete the second level. Luxury vinyl plank flooring enhances all main living areas and wet zones for long-lasting performance and easy maintenance. Built with energy-efficient construction and equipped with America’s Smart Home Technology. Hickory Grove boasts a range of amenities and future developments, including planned pools and multiple playgrounds for family fun and relaxation.

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

Tax reassessment forecast TX · Resets to sale price

• Current annual tax: $629 · $52/mo
• Projected year-2 tax: $5,581 · $465/mo
• Expected delta: +$4,952/yr (+$413/mo · 787.5%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Taxation est. · year 1

• Rental income: $31,512
• − Mortgage interest: −$17,084
• − Property taxes: −$629
• − Insurance: −$1,525
• − Repairs & maintenance: −$2,521
• − Management: −$2,521
• − HOA: −$696
• − Depreciation: −$8,872
• Taxable loss: −$2,336
• Est. tax savings @ 24.0%: +$561
• After-tax cash flow: $3,413/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

2 events — show timeline

• 2026-05-14 Pending — NTREIS
• 2026-04-02 Listed $304,990 NTREIS