13544 Leather Strap DrFort WorthTX76115
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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 13544 Leather Strap Dr, Fort Worth, TX, 76115 offers a 9.46% rental yield on a $410,000 purchase with $3,232/mo rent. Total monthly income registers $3,232/mo, and a $2,007/mo payment leaves $316/mo available for distribution. Annual cash flow reaches $3,794/yr on $135,915 to close, and return on cash invested stands at 22.7% in year one. Equity gained on principal adds $2,646/yr while 5% annual appreciation supports $113,275 over five years. Portfolio math shows five-year ROI at 119.04% and total cumulative return in cash at $161,795. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,232/mo property income against a $2,007/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2004
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76115, Fort Worth, TX area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
6,228
Single Family
5,856
Multi-Family
372
Businesses
774
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Listed by: Kevin Riney • NE Texas Regional Realty
Mls Name: NTREIS
Mls ID: #21147541