3208 Emerald Grove LnFort WorthTX76244
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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 3208 Emerald Grove Ln, Fort Worth, TX, 76244 priced at $619,000 converts $6,295/mo rent into $1,598/mo cash flow after a $3,030/mo obligation. Total monthly income equals $6,295/mo, and annual cash flow totals $19,176/yr on $203,651 invested. Return on cash invested prints 29.48% in year one, and rental yield reads 12.2% against a $619,000 entry. Equity gained on principal adds $3,994/yr, while 5% annual appreciation compiles into $171,018 by year five. Five-year ROI reaches 155.95% and total cumulative return in cash sums $317,593. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $6,295/mo property income covering a $3,030/mo payment, not borrower’s personal income.
Single Family
Built in 2022
7,535 sqft lot
$N/A/sqft
$450 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76244, Keller, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,695 (100%) |
| Owner Occupied HU | 18,397 (68.9%) |
| Renter Occupied HU | 7,598 (28.5%) |
| Vacant Housing Units | 700 ( 2.6%) |
| Median Home Value | $378,885 |
| Average Home Value | $407,197 |
Housing Distribution
Address Breakdown
Residential
27,037
Single Family
22,763
Multi-Family
4,274
Businesses
1,631
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Listed by: William Thorne • William Blackmon Thorne
Mls Name: NTREIS
Mls ID: #20639363
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.