3221 Lipscomb StFort WorthTX76110
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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
Investment property for sale in Fort Worth at 3221 Lipscomb St, Fort Worth, TX, 76110 uses $104,423 cash to close to unlock $24,513/yr annual cash flow and $2,043/mo monthly cash flow. Total monthly income runs $4,283/mo, and a $1,542/mo payment keeps the spread at $2,043/mo. Purchase price stands at $315,000, and rental yield measures 16.32% with $4,283/mo rent. Return on cash invested shows 43.38% in year one, and 5% annual appreciation builds toward $87,029 over five years. Five-year ROI reaches 229.94% and total cumulative return in cash records $240,113. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,283/mo property income covering a $1,542/mo payment rather than investor’s personal income.
Single Family
Built in 1925
7,501 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76110, Fort Worth, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,584 (100%) |
| Owner Occupied HU | 5,903 (51.0%) |
| Renter Occupied HU | 4,444 (38.4%) |
| Vacant Housing Units | 1,237 (10.7%) |
| Median Home Value | $307,434 |
| Average Home Value | $384,878 |
Housing Distribution
Address Breakdown
Residential
10,781
Single Family
9,526
Multi-Family
1,255
Businesses
1,127
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Listed by: Kaitlyn Cates • Magnolia Realty
Mls Name: WMLS
Mls Provider:
Mls ID: #223776
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (IDX) program of the Waco Association of Realtors. IDX information is provided exclusively for consumers' 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 deemed reliable but not guaranteed. Copyright 2024 Waco Association of Realtors. All Rights Reserved. Last Updated On: 2024-08-14 10:20:47 PDT