3308 NE 29th StFort WorthTX76111
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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 3308 NE 29th St, Fort Worth, TX, 76111 uses $82,842 cash to close to unlock $3,637/yr annual cash flow and $303/mo monthly cash flow. Total monthly income runs $2,080/mo, and a $1,223/mo payment keeps the spread at $303/mo. Purchase price stands at $249,900, and rental yield measures 9.99% with $2,080/mo rent. Return on cash invested shows 24.3% in year one, and 5% annual appreciation builds toward $69,043 over five years. Five-year ROI reaches 127.65% and total cumulative return in cash records $105,746. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,080/mo property income covering a $1,223/mo payment rather than investor’s personal income.
Single Family
Built in 1985
9,713 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76111, Fort Worth, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,438 (100%) |
| Owner Occupied HU | 4,473 (53.0%) |
| Renter Occupied HU | 3,453 (40.9%) |
| Vacant Housing Units | 512 ( 6.1%) |
| Median Home Value | $221,259 |
| Average Home Value | $275,035 |
Housing Distribution
Address Breakdown
Residential
8,037
Single Family
7,079
Multi-Family
958
Businesses
1,079
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Listed by: Brian Mattingly • Century 21 Mike Bowman, Inc.
Mls Name: NTREIS
Mls ID: #20945701