5108 Elgin StFort WorthTX76105
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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 5108 Elgin St, Fort Worth, TX, 76105 priced at $189,900 converts $1,431/mo rent into $4/mo cash flow after a $929/mo obligation. Total monthly income equals $1,431/mo, and annual cash flow totals $42/yr on $62,952 invested. Return on cash invested prints 19.98% in year one, and rental yield reads 9.04% against a $189,900 entry. Equity gained on principal adds $1,225/yr, while 5% annual appreciation compiles into $52,466 by year five. Five-year ROI reaches 104.98% and total cumulative return in cash sums $66,089. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,431/mo property income covering a $929/mo payment, not borrower’s personal income.
Single Family
Built in 1944
5,140 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76105, Fort Worth, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,993 (100%) |
| Owner Occupied HU | 4,041 (50.6%) |
| Renter Occupied HU | 3,316 (41.5%) |
| Vacant Housing Units | 636 ( 8.0%) |
| Median Home Value | $111,427 |
| Average Home Value | $171,274 |
Housing Distribution
Address Breakdown
Residential
7,461
Single Family
6,952
Multi-Family
509
Businesses
717
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Listed by: Ashley Washer • Garner Realty Group
Mls Name: NTREIS
Mls ID: #20809174
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.