3051 Casita CtFort WorthTX76116
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 3051 Casita Ct, Fort Worth, TX, 76116 in Fort Worth at $289,000 earns $1,624/mo in rent and nets $119/mo after the $1,300/mo payment, a 9.03% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $79,845 over five years. Ziffy Mortgage underwrites this on a 1.25 DSCR without U.S. credit history. With $2,662/yr in principal paydown, total projected return reaches $83,020.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9% | 6.8% |
| Monthly Cash Flow | $119 | $420 |
City averages based on Fort Worth market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,624 |
| Total Monthly Debt Service | $1,940 |
| DSCR Ratio | 0.84x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1970
0.25 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1970
0.25 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: John Olmstead • John Olmstead & Associates
Mls Name: NTREIS
Mls ID: #20962647
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.