6604 Locke AveFort WorthTX76116
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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 6604 Locke Ave, Fort Worth, TX, 76116 listed at $294,000 pairs $2,641/mo rent with a $1,439/mo payment to leave $550/mo cash flow. Total monthly income runs $2,641/mo, and annual cash flow reaches $6,604/yr on $97,461 cash to close. Return on cash invested measures 26.68% in year one, and rental yield registers 10.78% at a $294,000 basis. Equity gained on principal adds $1,897/yr, and annual property appreciation at 5% supports $81,227 by year five. Five-year ROI tracks 140.41% and total cumulative return in cash totals $136,848. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,641/mo property income relative to a $1,439/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1953
7,927 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76116, Fort Worth, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,108 (100%) |
| Owner Occupied HU | 8,432 (33.6%) |
| Renter Occupied HU | 14,659 (58.4%) |
| Vacant Housing Units | 2,017 ( 8.0%) |
| Median Home Value | $366,259 |
| Average Home Value | $466,167 |
Housing Distribution
Address Breakdown
Residential
23,925
Single Family
13,115
Multi-Family
10,810
Businesses
1,943
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Listed by: Eric Harris • League Real Estate
Mls Name: NTREIS
Mls ID: #21142135