6948 Carrington LnFort WorthTX76137
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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
Rental property for sale in Fort Worth at 6948 Carrington Ln, Fort Worth, TX, 76137 generates $2,279/mo in rent and, after a $1,319/mo payment, leaves $53/mo in cash flow. Total monthly income is $2,279/mo, and annual cash flow is $631/yr on $89,339 invested. Return on cash invested sits at 20.62% in year one, and rental yield is 10.15% on a $269,500 entry. Equity gained on principal adds $1,739/yr, while 5% annual appreciation builds toward $74,458 over five years. Five-year ROI reaches 109.36% and total cumulative return in cash sums $97,704. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,279/mo property income rather than buyer’s personal income.
Single Family
Built in 2015
1,306 sqft lot
$N/A/sqft
$310 monthly 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
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Listed by: Gorden Mclaughlin • Silver Elk Realty, LLC.
Mls Name: NTREIS
Mls ID: #20904764
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.