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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Fort Worth at 1229 Meriwether St, Fort Worth, TX, 76115 priced at $509,000 converts $1,540/mo rent into after a $2,491/mo obligation. Total monthly income equals $1,540/mo. Return on cash invested prints 5.16% in year one, and rental yield reads 3.63% against a $509,000 entry. Equity gained on principal adds $3,285/yr, while 5% annual appreciation compiles into $140,627 by year five. Five-year ROI reaches 24.94% and total cumulative return in cash sums $41,761. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,540/mo property income covering a $2,491/mo payment, not borrower’s personal income.
Multi Family
Built in 2024
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 76115, Fort Worth, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,421 (100%) |
| Owner Occupied HU | 3,088 (48.1%) |
| Renter Occupied HU | 3,013 (46.9%) |
| Vacant Housing Units | 320 ( 5.0%) |
| Median Home Value | $162,418 |
| Average Home Value | $222,520 |
Residential
6,228
Single Family
5,856
Multi-Family
372
Businesses
774
Date | Event | Price |
|---|---|---|
| 2024-11-21 | Price change | $509,000 |
| 2024-10-25 | Listed for sale | $519,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Isaiah Spates • Real Sense Real Estate
Mls Name: NTREIS
Mls ID: #20753726
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.
