3059 Runnels StFort WorthTX76106
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
Investment Highlights
Rental property for sale in Fort Worth at 3059 Runnels St, Fort Worth, TX, 76106 priced at $195,000 converts $1,547/mo rent into $161/mo cash flow after a $954/mo obligation. Total monthly income equals $1,547/mo, and annual cash flow totals $1,929/yr on $64,643 invested. Return on cash invested prints 22.89% in year one, and rental yield reads 9.52% against a $195,000 entry. Equity gained on principal adds $1,258/yr, while 5% annual appreciation compiles into $53,875 by year five. Five-year ROI reaches 120.05% and total cumulative return in cash sums $77,602. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,547/mo property income covering a $954/mo payment, not borrower’s personal income.
Single Family
Built in 1934
6,499 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76106, Fort Worth, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,830 (100%) |
| Owner Occupied HU | 5,555 (47.0%) |
| Renter Occupied HU | 5,600 (47.3%) |
| Vacant Housing Units | 675 ( 5.7%) |
| Median Home Value | $163,112 |
| Average Home Value | $181,704 |
Housing Distribution
Address Breakdown
Residential
11,131
Single Family
8,873
Multi-Family
2,258
Businesses
980
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Irma Griffith • Key 2 Your Move Real Estate
Mls Name: NTREIS
Mls ID: #20873084
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.