2324 Spruce Springs WayFort WorthTX76177
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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 2324 Spruce Springs Way, Fort Worth, TX, 76177 offers a 8.9% rental yield on a $335,000 purchase with $2,485/mo rent. Total monthly income registers $2,485/mo, and a $1,640/mo payment leaves $42/mo available for distribution. Annual cash flow reaches $499/yr on $111,053 to close, and return on cash invested stands at 20.36% in year one. Equity gained on principal adds $2,162/yr while 5% annual appreciation supports $92,554 over five years. Portfolio math shows five-year ROI at 106.71% and total cumulative return in cash at $118,508. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,485/mo property income against a $1,640/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2008
5,488 sqft lot
$N/A/sqft
$365 semi-annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76177, Fort Worth, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,136 (100%) |
| Owner Occupied HU | 4,738 (39.0%) |
| Renter Occupied HU | 6,293 (51.9%) |
| Vacant Housing Units | 1,105 ( 9.1%) |
| Median Home Value | $370,746 |
| Average Home Value | $395,657 |
Housing Distribution
Address Breakdown
Residential
10,858
Single Family
5,205
Multi-Family
5,653
Businesses
1,086
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Listed by: Justin Bustamante • Compass RE Texas, LLC.
Mls Name: NTREIS
Mls ID: #20964701
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.