816 Springer AveFort WorthTX76114
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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 816 Springer Ave, Fort Worth, TX, 76114 offers $1,201/mo rent that, after a $759/mo payment, leaves $98/mo cash flow. Total monthly income is $1,201/mo, and annual cash flow is $1,181/yr on $51,383 cash. Return on cash invested measures 22.21% in year one, and rental yield stands at 9.3% at a $155,000 entry. Equity gained on principal adds $1,000/yr while 5% annual appreciation compounds into $42,824 by year five. Five-year ROI records 116.45% and total cumulative return in cash reaches $59,836. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,201/mo property income versus a $759/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1933
9,408 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76114, Fort Worth, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,109 (100%) |
| Owner Occupied HU | 6,070 (50.1%) |
| Renter Occupied HU | 4,859 (40.1%) |
| Vacant Housing Units | 1,180 ( 9.7%) |
| Median Home Value | $246,422 |
| Average Home Value | $339,763 |
Housing Distribution
Address Breakdown
Residential
11,030
Single Family
9,409
Multi-Family
1,621
Businesses
720
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Listed by: Trenton Mooney • Trenton Mooney
Mls Name: NTREIS
Mls ID: #21079293