300 Elk Run DrFort WorthTX76140
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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
Rental property for sale in Fort Worth at 300 Elk Run Dr, Fort Worth, TX, 76140 offers $2,390/mo rent that, after a $1,466/mo payment, leaves $260/mo cash flow. Total monthly income is $2,390/mo, and annual cash flow is $3,121/yr on $99,284 cash. Return on cash invested measures 23.05% in year one, and rental yield stands at 9.58% at a $299,500 entry. Equity gained on principal adds $1,933/yr while 5% annual appreciation compounds into $82,746 by year five. Five-year ROI records 120.96% and total cumulative return in cash reaches $120,095. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,390/mo property income versus a $1,466/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 2001
6,141 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76140, Fort Worth, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,593 (100%) |
| Owner Occupied HU | 7,775 (67.1%) |
| Renter Occupied HU | 3,399 (29.3%) |
| Vacant Housing Units | 419 ( 3.6%) |
| Median Home Value | $245,690 |
| Average Home Value | $274,715 |
Housing Distribution
Address Breakdown
Residential
10,973
Single Family
9,593
Multi-Family
1,380
Businesses
853
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Listed by: Jessica Adame • Realty Of America, LLC
Mls Name: NTREIS
Mls ID: #21008389