5305 Elmdale DrWataugaTX76137
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 5305 Elmdale Dr, Watauga, TX, 76137 in Watauga speaks for itself: 10.21% gross on a $395,999 price, generating $3,370/mo in rent and $554/mo in net income after the $1,781/mo debt service. DSCR 1.89, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $6,643 stacks alongside $109,407 in projected five-year appreciation and $3,647/yr in principal reduction. Projected total cumulative return: $187,408.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 10.2% | 6.2% |
| Monthly Cash Flow | $554 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $3,370 |
| Total Monthly Debt Service | $2,658 |
| DSCR Ratio | 1.27x |
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 2002
6,621 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76137, Fort Worth, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,589 (100%) |
| Owner Occupied HU | 12,881 (54.6%) |
| Renter Occupied HU | 9,566 (40.6%) |
| Vacant Housing Units | 1,142 ( 4.8%) |
| Median Home Value | $329,314 |
| Average Home Value | $353,880 |
Housing Distribution
Address Breakdown
Residential
22,777
Single Family
15,251
Multi-Family
7,526
Businesses
803
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 2002
6,621 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76137, Fort Worth, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,589 (100%) |
| Owner Occupied HU | 12,881 (54.6%) |
| Renter Occupied HU | 9,566 (40.6%) |
| Vacant Housing Units | 1,142 ( 4.8%) |
| Median Home Value | $329,314 |
| Average Home Value | $353,880 |
Housing Distribution
Address Breakdown
Residential
22,777
Single Family
15,251
Multi-Family
7,526
Businesses
803
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Flora Biscotto • Ready Real Estate
Mls Name: NTREIS
Mls ID: #20934848
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.