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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 1609 Michael St, Fort Worth, TX, 76106 generates $2,287/mo in rent and, after a $1,224/mo payment, leaves $509/mo in cash flow. Total monthly income is $2,287/mo, and annual cash flow is $6,106/yr on $82,875 invested. Return on cash invested sits at 27.28% in year one, and rental yield is 10.98% on a $250,000 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 143.56% and total cumulative return in cash sums $118,978. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,287/mo property income rather than buyer’s personal income.
Single Family
Built in 1956
6,795 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 76106, Fort Worth, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,830 (100%) |
| Owner Occupied HU | 5,555 (47.0%) |
| Renter Occupied HU | 5,600 (47.3%) |
| Vacant Housing Units | 675 ( 5.7%) |
| Median Home Value | $163,112 |
| Average Home Value | $181,704 |
Residential
11,131
Single Family
8,873
Multi-Family
2,258
Businesses
980
Date | Event | Price |
|---|---|---|
| 2024-12-04 | Price change | $250,000 |
| 2024-11-13 | Listed for sale | $255,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-12-27 | $538.11 | -33.04% | $190,000 | -12.57% |
| 2023-12-27 | $803.65 | -47.26% | $217,326 | 12.25% |
| 2022-12-27 | $1523.93 | -4.71% | $193,607 | 84.39% |
Listed by: Jessica Ellis • Texas Legacy Realty
Mls Name: NTREIS
Mls ID: #20775760
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.
