1371 Roaring Springs Rd #1371Fort WorthTX76114
INVESTMENT ANALYSIS
Investment Verdict
Solid Income1371 Roaring Springs Rd #1371, Fort Worth, TX, 76114 in Fort Worth carries a 1.59 coverage ratio, rent of $1,819/mo is 1.59 times the $1,146/mo payment. Rental yield 8.56%. That margin gives both the investor and Ziffy Mortgage's DSCR underwriting a comfortable buffer at a $254,900 acquisition price. No U.S. credit or income documentation required. Five-year appreciation adds $70,424; total projected cumulative return: $49,983.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.6% | 6.8% |
| Monthly Cash Flow | $(795) | $420 |
City averages based on Fort Worth market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $1,819 |
| Total Monthly Debt Service | $2,513 |
| DSCR Ratio | 0.72x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1967
1,158 sqft lot
$N/A/sqft
$802 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1967
1,158 sqft lot
$N/A/sqft
$802 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jo Ann Royer • Williams Trew Real Estate
Mls Name: NTREIS
Mls ID: #20907773
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.