1243 Roaring Springs Rd #1243Fort WorthTX76114
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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
Investment property for sale in Fort Worth at 1243 Roaring Springs Rd #1243, Fort Worth, TX, 76114 offers a 13.13% rental yield on a $158,400 purchase with $1,733/mo rent. Total monthly income registers $1,733/mo, and a $775/mo payment leaves $292/mo available for distribution. Annual cash flow reaches $3,503/yr on $52,510 to close, and return on cash invested stands at 26.58% in year one. Equity gained on principal adds $1,022/yr while 5% annual appreciation supports $43,763 over five years. Portfolio math shows five-year ROI at 142.43% and total cumulative return in cash at $74,787. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,733/mo property income against a $775/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1970
2,178 sqft lot
$N/A/sqft
$315 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76114, Fort Worth, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,109 (100%) |
| Owner Occupied HU | 6,070 (50.1%) |
| Renter Occupied HU | 4,859 (40.1%) |
| Vacant Housing Units | 1,180 ( 9.7%) |
| Median Home Value | $246,422 |
| Average Home Value | $339,763 |
Housing Distribution
Address Breakdown
Residential
11,030
Single Family
9,409
Multi-Family
1,621
Businesses
720
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Listed by: Dennis Askins • Askins Investment Realty
Mls Name: NTREIS
Mls ID: #20689216
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.