1038 E Maddox AveFort WorthTX76104
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Fort Worth at 1038 E Maddox Ave, Fort Worth, TX, 76104 generates $1,484/mo in rent and, after a $964/mo payment, leaves $83/mo in cash flow. Total monthly income is $1,484/mo, and annual cash flow is $1,000/yr on $65,306 invested. Return on cash invested sits at 21.44% in year one, and rental yield is 9.04% on a $197,000 entry. Equity gained on principal adds $1,271/yr, while 5% annual appreciation builds toward $54,427 over five years. Five-year ROI reaches 112.31% and total cumulative return in cash sums $73,346. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,484/mo property income rather than buyer’s personal income.
Single Family
Built in 1921
7,100 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76104, Fort Worth, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,503 (100%) |
| Owner Occupied HU | 3,333 (31.7%) |
| Renter Occupied HU | 6,088 (58.0%) |
| Vacant Housing Units | 1,082 (10.3%) |
| Median Home Value | $156,599 |
| Average Home Value | $361,071 |
Housing Distribution
Address Breakdown
Residential
10,158
Single Family
6,350
Multi-Family
3,808
Businesses
1,531
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Listed by: Francy Chesser • CENTURY 21 Judge Fite Co.
Mls Name: NTREIS
Mls ID: #21059945
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.