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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Forest Hill at 3113 Old Hickory Trl, Forest Hill, TX, 76140 priced at $265,000 converts $2,214/mo rent into $330/mo cash flow after a $1,297/mo obligation. Total monthly income equals $2,214/mo, and annual cash flow totals $3,955/yr on $87,848 invested. Return on cash invested prints 24.41% in year one, and rental yield reads 10.03% against a $265,000 entry. Equity gained on principal adds $1,710/yr, while 5% annual appreciation compiles into $73,215 by year five. Five-year ROI reaches 128.22% and total cumulative return in cash sums $112,635. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,214/mo property income covering a $1,297/mo payment, not borrower’s personal income.
Single Family
Built in 1971
9,496 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 76140, Fort Worth, TX area.
| 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 |
Residential
10,973
Single Family
9,593
Multi-Family
1,380
Businesses
853
Date | Event | Price |
|---|---|---|
| 2024-11-21 | Listed for sale | $265,000 |
| 2024-11-21 | Listing removed | $265,000 |
| 2024-11-14 | Listed for sale | $275,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-02-13 | $4066.36 | 9.47% | $284,431 | 8.04% |
| 2023-02-13 | $3714.42 | -22.46% | $263,266 | 21.83% |
| 2022-02-13 | $4790.57 | N/A | $216,096 | 22.95% |
Listed by: Natalie Swanson • Coldwell Banker Apex, REALTORS
Mls Name: NTREIS
Mls ID: #20815548
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.
