960 Roaring Springs Rd UNIT 960Fort 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 960 Roaring Springs Rd UNIT 960, Fort Worth, TX, 76114 generates $1,840/mo in rent, after a $1,067/mo payment. Total monthly income is $1,840/mo. Return on cash invested sits at 16.07% in year one, and rental yield is 10.13% on a $218,000 entry. Equity gained on principal adds $1,407/yr, while 5% annual appreciation builds toward $60,229 over five years. Five-year ROI reaches 86.59% and total cumulative return in cash sums $62,575. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,840/mo property income rather than buyer’s personal income.
Condo
Built in 1970
3,223 sqft lot
$N/A/sqft
$521 monthly 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: Janet O'dell • Better Homes & Gardens, Winans
Mls Name: NTREIS
Mls ID: #20983147
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.