409 Forby AveFort WorthTX76103
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 409 Forby Ave, Fort Worth, TX, 76103 in Fort Worth at $190,000 earns $1,654/mo in rent and nets $88/mo after the $854/mo payment, a 9.09% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $52,494 over five years. Ziffy Mortgage underwrites this on a 1.94 DSCR without U.S. credit history. With $1,750/yr in principal paydown, total projected return reaches $92,331.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.1% | 6.8% |
| Monthly Cash Flow | $88 | $420 |
City averages based on Fort Worth market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,654 |
| Total Monthly Debt Service | $1,276 |
| DSCR Ratio | 1.30x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1950
5,052 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76103, Fort Worth, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,794 (100%) |
| Owner Occupied HU | 3,055 (52.7%) |
| Renter Occupied HU | 2,220 (38.3%) |
| Vacant Housing Units | 519 ( 9.0%) |
| Median Home Value | $221,889 |
| Average Home Value | $277,565 |
Housing Distribution
Address Breakdown
Residential
5,361
Single Family
4,888
Multi-Family
473
Businesses
399
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1950
5,052 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76103, Fort Worth, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,794 (100%) |
| Owner Occupied HU | 3,055 (52.7%) |
| Renter Occupied HU | 2,220 (38.3%) |
| Vacant Housing Units | 519 ( 9.0%) |
| Median Home Value | $221,889 |
| Average Home Value | $277,565 |
Housing Distribution
Address Breakdown
Residential
5,361
Single Family
4,888
Multi-Family
473
Businesses
399
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Edgar Barrera • Realty of America, LLC
Mls Name: NTREIS
Mls ID: #20936123
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.