709 Globe AveBlue MoundTX76131
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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 Blue Mound at 709 Globe Ave, Blue Mound, TX, 76131 priced at $230,000 converts $2,132/mo rent into $382/mo cash flow after a $1,126/mo obligation. Total monthly income equals $2,132/mo, and annual cash flow totals $4,579/yr on $76,245 invested. Return on cash invested prints 25.91% in year one, and rental yield reads 11.12% against a $230,000 entry. Equity gained on principal adds $1,484/yr, while 5% annual appreciation compiles into $63,545 by year five. Five-year ROI reaches 136.95% and total cumulative return in cash sums $104,419. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,132/mo property income covering a $1,126/mo payment, not borrower’s personal income.
Single Family
Built in 1972
7,666 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76131, Fort Worth, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,998 (100%) |
| Owner Occupied HU | 14,795 (74.0%) |
| Renter Occupied HU | 4,776 (23.9%) |
| Vacant Housing Units | 427 ( 2.1%) |
| Median Home Value | $349,723 |
| Average Home Value | $371,956 |
Housing Distribution
Address Breakdown
Residential
19,770
Single Family
16,925
Multi-Family
2,845
Businesses
395
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Listed by: Ben Heenan • Contre Management, LLC
Mls Name: NTREIS
Mls ID: #20879842
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.