708 Carette DrFort WorthTX76108
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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 708 Carette Dr, Fort Worth, TX, 76108 with 5% annual appreciation on a $295,000 basis while $2,315/mo rent supports operations. Total monthly income totals $2,315/mo and a $1,444/mo payment preserves $217/mo for cash returns. Annual cash flow comes to $2,605/yr on $97,793 deployed, and return on cash invested reaches 22.57% in year one. Equity gained on principal adds $1,904/yr, and five-year appreciation sums $81,503 alongside rental yield of 9.42%. Five-year ROI measures 118.39% and total cumulative return in cash totals $115,778.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,315/mo property income versus a $1,444/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1994
6,882 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76108, Fort Worth, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,073 (100%) |
| Owner Occupied HU | 13,143 (65.5%) |
| Renter Occupied HU | 5,956 (29.7%) |
| Vacant Housing Units | 974 ( 4.9%) |
| Median Home Value | $319,563 |
| Average Home Value | $378,113 |
Housing Distribution
Address Breakdown
Residential
19,538
Single Family
17,115
Multi-Family
2,423
Businesses
718
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Listed by: Anita Lusk • Elite Real Estate Texas
Mls Name: NTREIS
Mls ID: #21088549