5408 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
Investment property for sale in Fort Worth at 5408 Elgin St, Fort Worth, TX, 76105 uses $87,151 cash to close to unlock $603/yr annual cash flow and $50/mo monthly cash flow. Total monthly income runs $1,920/mo, and a $1,287/mo payment keeps the spread at $50/mo. Purchase price stands at $262,900, and rental yield measures 8.76% with $1,920/mo rent. Return on cash invested shows 20.6% in year one, and 5% annual appreciation builds toward $72,634 over five years. Five-year ROI reaches 107.8% and total cumulative return in cash records $93,952. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,920/mo property income covering a $1,287/mo payment rather than investor’s personal income.
Single Family
Built in 2025
6,969 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: Quantence Walker • Our Covenant Realty, LLC
Mls Name: NTREIS
Mls ID: #21130788