1612 Mims StFort WorthTX76112
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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 1612 Mims St, Fort Worth, TX, 76112 offers a 9.84% rental yield on a $275,000 purchase with $2,254/mo rent. Total monthly income registers $2,254/mo, and a $1,346/mo payment leaves $298/mo available for distribution. Annual cash flow reaches $3,581/yr on $91,163 to close, and return on cash invested stands at 23.84% in year one. Equity gained on principal adds $1,775/yr while 5% annual appreciation supports $75,977 over five years. Portfolio math shows five-year ROI at 125.16% and total cumulative return in cash at $114,095. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,254/mo property income against a $1,346/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1968
8,407 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76112, Fort Worth, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,210 (100%) |
| Owner Occupied HU | 8,035 (44.1%) |
| Renter Occupied HU | 8,664 (47.6%) |
| Vacant Housing Units | 1,511 ( 8.3%) |
| Median Home Value | $268,312 |
| Average Home Value | $319,616 |
Housing Distribution
Address Breakdown
Residential
17,912
Single Family
12,782
Multi-Family
5,130
Businesses
898
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Listed by: Bryan Davis • Keller Williams Central
Mls Name: NTREIS
Mls ID: #21124968