3229 Odessa AveFort WorthTX76109
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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 3229 Odessa Ave, Fort Worth, TX, 76109 priced at $545,000 converts $2,704/mo rent into after a $2,668/mo obligation. Total monthly income equals $2,704/mo. Return on cash invested prints 12.22% in year one, and rental yield reads 5.95% against a $545,000 entry. Equity gained on principal adds $3,517/yr, while 5% annual appreciation compiles into $150,573 by year five. Five-year ROI reaches 62.78% and total cumulative return in cash sums $112,560. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,704/mo property income covering a $2,668/mo payment, not borrower’s personal income.
Single Family
Built in 1929
6,272 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76109, Fort Worth, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,126 (100%) |
| Owner Occupied HU | 5,005 (38.1%) |
| Renter Occupied HU | 6,717 (51.2%) |
| Vacant Housing Units | 1,404 (10.7%) |
| Median Home Value | $634,057 |
| Average Home Value | $720,302 |
Housing Distribution
Address Breakdown
Residential
12,941
Single Family
7,116
Multi-Family
5,825
Businesses
945
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Listed by: Carl Montgomery • Carl Montgomery, REALTORS
Mls Name: NTREIS
Mls ID: #20920828
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.