2897 Elsinor DrFort WorthTX76116
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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 2897 Elsinor Dr, Fort Worth, TX, 76116 uses $67,958 cash to close to unlock $55/yr annual cash flow and $5/mo monthly cash flow. Total monthly income runs $1,462/mo, and a $1,003/mo payment keeps the spread at $5/mo. Purchase price stands at $205,000, and rental yield measures 8.56% with $1,462/mo rent. Return on cash invested shows 19.99% in year one, and 5% annual appreciation builds toward $56,638 over five years. Five-year ROI reaches 104.51% and total cumulative return in cash records $71,022. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,462/mo property income covering a $1,003/mo payment rather than investor’s personal income.
Single Family
Built in 1972
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76116, Fort Worth, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,108 (100%) |
| Owner Occupied HU | 8,432 (33.6%) |
| Renter Occupied HU | 14,659 (58.4%) |
| Vacant Housing Units | 2,017 ( 8.0%) |
| Median Home Value | $366,259 |
| Average Home Value | $466,167 |
Housing Distribution
Address Breakdown
Residential
23,925
Single Family
13,115
Multi-Family
10,810
Businesses
1,943
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Listed by: Edward Mcclintick • Joseph Walter Realty, LLC
Mls Name: NTREIS
Mls ID: #21083628