1959 Milam 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 1959 Milam St, Fort Worth, TX, 76112 uses $96,135 cash to close to unlock $3,614/yr annual cash flow and $301/mo monthly cash flow. Total monthly income runs $2,363/mo, and a $1,419/mo payment keeps the spread at $301/mo. Purchase price stands at $290,000, and rental yield measures 9.78% with $2,363/mo rent. Return on cash invested shows 23.67% in year one, and 5% annual appreciation builds toward $80,122 over five years. Five-year ROI reaches 124.25% and total cumulative return in cash records $119,452. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,363/mo property income covering a $1,419/mo payment rather than investor’s personal income.
Single Family
Built in 1959
9,365 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: Shelley Green • TheGreenTeam RE Professionals
Mls Name: NTREIS
Mls ID: #21137345