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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Fort Worth at 3505 Covert Ave, Fort Worth, TX, 76133 priced at $240,000 converts $1,728/mo rent into $21/mo cash flow after a $1,175/mo obligation. Total monthly income equals $1,728/mo, and annual cash flow totals $252/yr on $79,560 invested. Return on cash invested prints 20.23% in year one, and rental yield reads 8.64% against a $240,000 entry. Equity gained on principal adds $1,549/yr, while 5% annual appreciation compiles into $66,308 by year five. Five-year ROI reaches 105.73% and total cumulative return in cash sums $84,122. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,728/mo property income covering a $1,175/mo payment, not borrower’s personal income.
Single Family
Built in 1956
8,973 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 76133, Fort Worth, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,225 (100%) |
| Owner Occupied HU | 11,543 (57.1%) |
| Renter Occupied HU | 7,862 (38.9%) |
| Vacant Housing Units | 820 ( 4.1%) |
| Median Home Value | $269,842 |
| Average Home Value | $289,873 |
Residential
19,433
Single Family
15,930
Multi-Family
3,503
Businesses
729
Date | Event | Price |
|---|---|---|
| 2025-01-08 | Listed for sale | $240,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-02-13 | $1377.28 | -45.28% | $256,735 | -0.75% |
| 2023-02-13 | $2516.79 | -10.62% | $258,669 | 23.63% |
| 2022-02-13 | $2815.91 | 1.60% | $209,229 | 6.58% |
Listed by: Pamela Dillard Kirby • RE/MAX Frontier
Mls Name: NTREIS
Mls ID: #20811304
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.
