3501 Richardson Ct EFort WorthTX76119
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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 3501 Richardson Ct E, Fort Worth, TX, 76119 uses $66,797 cash to close to unlock $17,554/yr annual cash flow and $1,463/mo monthly cash flow. Total monthly income runs $2,936/mo, and a $986/mo payment keeps the spread at $1,463/mo. Purchase price stands at $201,500, and rental yield measures 17.48% with $2,936/mo rent. Return on cash invested shows 46.19% in year one, and 5% annual appreciation builds toward $55,671 over five years. Five-year ROI reaches 245.24% and total cumulative return in cash records $163,811. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,936/mo property income covering a $986/mo payment rather than investor’s personal income.
Single Family
Built in 1975
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76119, Fort Worth, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,035 (100%) |
| Owner Occupied HU | 8,890 (52.2%) |
| Renter Occupied HU | 7,287 (42.8%) |
| Vacant Housing Units | 858 ( 5.0%) |
| Median Home Value | $136,930 |
| Average Home Value | $177,699 |
Housing Distribution
Address Breakdown
Residential
16,480
Single Family
13,037
Multi-Family
3,443
Businesses
1,217
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Listed by: Jacob Kingston • Newfound Real Estate
Mls Name: NTREIS
Mls ID: #20642333
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.