3732 Cove Meadow LnFort WorthTX76123
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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 3732 Cove Meadow Ln, Fort Worth, TX, 76123 generates $3,016/mo in rent and, after a $1,615/mo payment, leaves $670/mo in cash flow. Total monthly income is $3,016/mo, and annual cash flow is $8,037/yr on $109,362 invested. Return on cash invested sits at 27.26% in year one, and rental yield is 10.97% on a $329,900 entry. Equity gained on principal adds $2,129/yr, while 5% annual appreciation builds toward $91,145 over five years. Five-year ROI reaches 143.47% and total cumulative return in cash sums $156,903. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,016/mo property income rather than buyer’s personal income.
Single Family
Built in 1995
6,795 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76123, Fort Worth, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,000 (100%) |
| Owner Occupied HU | 11,766 (73.5%) |
| Renter Occupied HU | 3,326 (20.8%) |
| Vacant Housing Units | 908 ( 5.7%) |
| Median Home Value | $342,641 |
| Average Home Value | $373,292 |
Housing Distribution
Address Breakdown
Residential
15,980
Single Family
13,815
Multi-Family
2,165
Businesses
179
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Listed by: Charles Morgan • RE/MAX Associates of Arlington
Mls Name: NTREIS
Mls ID: #21108867