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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 1509 Teak Ln, Fort Worth, TX, 76140 offers $3,260/mo rent that, after a $1,199/mo payment, leaves $1,476/mo cash flow. Total monthly income is $3,260/mo, and annual cash flow is $17,715/yr on $81,217 cash. Return on cash invested measures 41.72% in year one, and rental yield stands at 15.97% at a $244,999 entry. Equity gained on principal adds $1,581/yr while 5% annual appreciation compounds into $67,689 by year five. Five-year ROI records 221.27% and total cumulative return in cash reaches $179,712. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,260/mo property income versus a $1,199/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
4,965 sqft lot
$N/A/sqft
$500 annually HOA
Neighborhood data shown for ZIP Code: 76140, Fort Worth, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,593 (100%) |
| Owner Occupied HU | 7,775 (67.1%) |
| Renter Occupied HU | 3,399 (29.3%) |
| Vacant Housing Units | 419 ( 3.6%) |
| Median Home Value | $245,690 |
| Average Home Value | $274,715 |
Residential
10,973
Single Family
9,593
Multi-Family
1,380
Businesses
853
Date | Event | Price |
|---|---|---|
| 2024-08-14 | Price change | $244,999 |
| 2024-08-02 | Listed for sale | $246,999 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-14 | $143.73 | 860.76% | $6,264 | 1008.67% |
| 2022-08-14 | $14.96 | -2.48% | $565 | N/A |
| 2021-08-14 | $15.34 | -0.71% | $565 | N/A |
Listed by: Jared Turner • Turner Mangum LLC
Mls Name: NTREIS
Mls ID: #20703209
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.
