5650 Cornwallis Ct, Watauga, TX, 76148 | $566/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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5650 Cornwallis Ct, Watauga, TX, 76148 | $566/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Watauga at 5650 Cornwallis Ct, Watauga, TX, 76148 listed at $275,000 pairs $2,522/mo rent with a $1,346/mo payment to leave $566/mo cash flow. Total monthly income runs $2,522/mo, and annual cash flow reaches $6,797/yr on $91,163 cash to close. Return on cash invested measures 27.36% in year one, and rental yield registers 11.01% at a $275,000 basis. Equity gained on principal adds $1,775/yr, and annual property appreciation at 5% supports $75,977 by year five. Five-year ROI tracks 144.06% and total cumulative return in cash totals $131,327. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,522/mo property income relative to a $1,346/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1971

0.30 Acres lot

$N/A/sqft

No HOA

More details about the property

Must see 3-bedroom, 2-bath home in the heart of Watauga! Situated on an oversized cul-de-sac lot with mature shade trees, this property offers plenty of space to relax and enjoy. The backyard includes a storage shed for added convenience. Inside, youll find fresh modern colors, hardwood floors, cozy carpet in the bedrooms, and tile in the kitchen and bathrooms. Major updates in 2019 include new wood kitchen cabinet doors, fresh paint throughout and foundation repairs. Move-in ready and close to shopping, dining, and schools! Current lease ends November 30th, but is flexible depending on sale. Agent is owner.

Neighborhood Data

Neighborhood data shown for ZIP Code: 76148, Fort Worth, TX area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	9,026 (100%)
Owner Occupied HU	6,370 (70.6%)
Renter Occupied HU	2,444 (27.1%)
Vacant Housing Units	212 ( 2.3%)
Median Home Value	$279,490
Average Home Value	$350,876