5840 Goodman AveFort WorthTX76107
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors who value predictability will appreciate 5840 Goodman Ave, Fort Worth, TX, 76107 in Fort Worth. At $214,000 it earns $1,956/mo in rent and distributes $434/mo to the owner after the $962/mo payment, a consistent 10.97% yield. DSCR 2.03 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $59,124 in value; $1,971/yr in principal paydown compounds ownership stake. Total projected return: $109,980.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11% | 6.8% |
| Monthly Cash Flow | $434 | $420 |
City averages based on Fort Worth market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,956 |
| Total Monthly Debt Service | $1,437 |
| DSCR Ratio | 1.36x |
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 1930
5,009 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76107, Fort Worth, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,751 (100%) |
| Owner Occupied HU | 7,423 (39.6%) |
| Renter Occupied HU | 8,887 (47.4%) |
| Vacant Housing Units | 2,441 (13.0%) |
| Median Home Value | $478,172 |
| Average Home Value | $589,989 |
Housing Distribution
Address Breakdown
Residential
17,768
Single Family
11,380
Multi-Family
6,388
Businesses
2,171
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 1930
5,009 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76107, Fort Worth, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,751 (100%) |
| Owner Occupied HU | 7,423 (39.6%) |
| Renter Occupied HU | 8,887 (47.4%) |
| Vacant Housing Units | 2,441 (13.0%) |
| Median Home Value | $478,172 |
| Average Home Value | $589,989 |
Housing Distribution
Address Breakdown
Residential
17,768
Single Family
11,380
Multi-Family
6,388
Businesses
2,171
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Fernando Espinoza • Keller Williams Fort Worth
Mls Name: NTREIS
Mls ID: #20879003
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.