2225 Canteen St · Fort Worth, TX 76108

$273,999

4 bd · 2.0 ba · 1,667 sqft · Other · 6 Days on market

Built 2026 5,750 sqft lot $75/mo HOA · 4% of rent

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Why this score? — see what drove the D- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +12.7/30.0
• ARV discount +7.5/15.0
• Livability +4.0/5.0
• DSCR +3.8/10.0
• 1% rule +2.8/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.0/10.0
• Appreciation +0.0/10.0

Listing remarks

LENNAR - Carrell Hills - Ramsey Floorplan - This new single-story design makes smart use of the space available. At the front are all three secondary bedrooms arranged near a convenient full-sized bathroom. Down the foyer is a modern layout connecting a peninsula-style kitchen made for inspired meals, an intimate dining area and a family room ideal for gatherings. Tucked in a quiet corner is the owner’s suite with an attached bathroom and walk-in closet. Prices and features may vary and are subject to change. Photos are for illustrative purposes only.

Key facts

• Walk-in closet
• Single-story design
• Owner's suite

Tags

• SINGLE-STORY DESIGN
• PENINSULA-STYLE KITCHEN
• OWNER'S SUITE
• WALK-IN CLOSET

Property features AI

Finance

• Other: Builder special listing condition
• Financial info: Accepts Cash, Conventional, FHA, VA loans; No second mortgage
• HOA & community: Mandatory HOA; Annual association fee of $899; Association covers full use of facilities and management fees; HOA managed by CMA

Exterior

• Parking: Attached 2-car garage (garage faces front); 2 covered parking spaces
• Security: Carbon monoxide detector(s); Fire alarm
• Utilities: City water; City sewer; Electric service (standard); Curbs and sidewalks
• Home design: Single family residence; Residential property; One story; Not attached to other properties; Property facing information not provided
• Construction: Built in 2026; Fiber cement siding; Composition roof; Slab foundation
• Exterior features: Covered porch(es); Wood fence; Interior lot; Landscaped yard; Sprinkler system; Curbs and sidewalks

Interior

• Kitchen: Dishwasher; Disposal; Gas cooktop; Microwave; Kitchen island; Natural stone/granite counters; Walk-in pantry; Water line to refrigerator; Pantry
• Bedrooms: 4 bedrooms (all on main level); Primary bedroom with walk-in closet
• Flooring: Carpet; Luxury vinyl plank
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air
• Interior features: Built-in features; Cable TV available; Decorative lighting; High-speed internet available; Kitchen island; Open floorplan; Pantry; Walk-in closet(s); 7 total rooms; 1 living area; 1 dining area; One-level floorplan
• Laundry & utility: Tankless water heater

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath other listed at $274k.

Deal economics

• At list price, monthly cash flow is $-28 ($-341/yr) — negative.
• To cash-flow at today's rent, offer at most $269k (1.8% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $214k (21.8% below list).
• Recommended offer: $214k (21.8% below list) — sets the bar for 1% rule.
• Cap rate 6.2% vs local median 3.9% in Fort Worth — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 80/100 on livability (#49 in TX, #1,954 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, cost of living A+, housing A+; Watch: crime F.
• Fort Worth ISD (urban): math 18% / reading 28% proficiency, ranked #742 of 826 in TX (top 90%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 73% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Waverly Park El (math 26% / reading 32%, grade F, #2,668 of 4,322 statewide, top 63%, 684 students, 78% FRL).
• Market conditions: Rents soft (-0.2%/yr); 548 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 45% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 18,938 units permitted in Tarrant County in 2024 (8,336 in 5+ unit buildings).
• This rent runs 32% of the median local income ($80k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $8k of value loss. Plan a longer hold.
• Tarrant County population projected at +41% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• Only 6 days on market — expect competitive offers; lowballing is unlikely to land.

Recommended offer $214,208 (21.8% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
5. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
6. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
7. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
8. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
9. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.78% ✗
• Cap rate: 6.17%
• Cash-on-cash: -0.44%
• DSCR: 0.98
• GRM: 10.7

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -20.2%
• Equity multiple: 0.31×
• Total profit: $-52,561
• Equity at exit: $40,854

10-year hold

• IRR: -20.7%
• Equity multiple: 0.05×
• Total profit: $-72,660
• Equity at exit: $23,690

Cash invested: $76,720 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Texas: 87 Strongly Landlord-Friendly · R+5
• County: — inherits STATE
• City: — inherits STATE

3-day notice; statewide preemption; one of the fastest eviction climates; Travis County (Austin) slightly slower.

Methodology + full state rankings →

ZIP-level market 76108

• Home prices YoY: -32.5%
• Rents YoY: -0.2%
• Active inventory: 548
• Price-to-rent: 10.7×

Monthly cashflow live

• Estimated rent: $2,142 high
• Mortgage (P&I): −$1,437
• Tax from tax record: −$95 /mo · $1,135/yr
• Insurance: −$114
• HOA: −$75
• Vacancy / Maint / Mgmt: −$450
• Net cashflow: $-28

Break-even live

Break-even rent $2,178

Max offer price $268,979

Occupancy floor 96%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $68,500
• Closing costs: $8,220
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2225 Canteen St Fort Worth, TX	4.0	2.0	1667	$2,300	$1.38	21d	1	0.01mi
10729 Revolver Ln Fort Worth, TX	3.0	2.0	2112	$1,870	$0.89	44d	1	0.04mi
10725 Revolver Ln Fort Worth, TX	3.0	2.0	2112	$1,870	$0.89	44d	1	0.04mi
10721 Revolver Ln Fort Worth, TX	3.0	2.0	1824	$1,900	$1.04	44d	1	0.05mi
2217 La Vista Ln Fort Worth, TX	3.0	2.0	2166	$1,870	$0.86	44d	1	0.05mi
10713 Revolver Ln Fort Worth, TX	3.0	2.0	1880	$1,875	$1.00	44d	1	0.06mi
10728 Gun Barrel St Fort Worth, TX	3.0	2.0	2201	$1,885	$0.86	44d	1	0.08mi
2236 Crested Saguaro St Fort Worth, TX	3.0	2.0	1824	$1,900	$1.04	44d	1	0.08mi
2225 Crested Saguaro St Fort Worth, TX	3.0	2.0	2201	$1,895	$0.86	44d	1	0.11mi
11028 Elata Dr Fort Worth, TX	4.0	2.0	1760	$2,425	$1.38	5d	1	0.49mi
1144 Terrace View Dr Fort Worth, TX	3.0	2.0	1680	$1,975	$1.18	13d	1	0.50mi
11100 Santana Dr Fort Worth, TX	3.0	2.0	1229	$2,340	$1.90	44d	1	0.59mi
2516 Concina Way Fort Worth, TX	3.0	2.0	1464	$1,879	$1.28	20d	1	0.59mi
10409 Pleasant Mound Dr Fort Worth, TX	3.0	2.0	1441	$1,925	$1.34	44d	1	0.59mi
10529 Splitridge Ct Fort Worth, TX	3.0	2.0	1543	$2,145	$1.39	20d	1	0.63mi
2521 Ensenada Ln Fort Worth, TX	3.0	2.0	1600	$1,950	$1.22	44d	1	0.67mi
933 Burlington Ave Fort Worth, TX	3.0	2.0	1316	$2,010	$1.53	44d	1	0.68mi
10241 Pleasant Mound Dr Fort Worth, TX	3.0	2.0	1765	$2,090	$1.18	13d	1	0.73mi
904 Burlington Ave Fort Worth, TX	3.0–5.0	2.0–2.5	1895	$2,655	$1.40	1d	1	0.74mi
11012 Gray Mare Dr Fort Worth, TX	3.0	2.0	1316	$2,010	$1.53	24d	1	0.78mi
2732 Brea Canyon Rd Fort Worth, TX	3.0	2.0	1582	$2,100	$1.33	17d	1	0.79mi
10909 Deauville Cir S Fort Worth, TX	3.0	2.0	1360	$1,900	$1.40	21d	1	0.79mi
851 Village Point Ln Fort Worth, TX	3.0	2.5	1322	$1,799	$1.36	22d	1	0.80mi
10240 Dawson Trl Fort Worth, TX	3.0	2.5	1844	$1,871	$1.01	44d	1	0.80mi
2220 Barnwell Dr Fort Worth, TX	3.0	2.0	1463	$2,200	$1.50	10d	1	0.87mi
10917 Ives St Fort Worth, TX	4.0	2.0	1772	$2,170	$1.22	24d	1	0.91mi
10913 Ives St Fort Worth, TX	3.0	2.0	1575	$1,751	$1.11	22d	1	0.91mi
10221 Dallam Ln Fort Worth, TX	3.0	2.0	1464	$1,969	$1.34	44d	1	0.93mi
2636 Mistwood Dr Fort Worth, TX	3.0	2.0	2160	$2,210	$1.02	5d	1	0.97mi
2656 Mistwood Dr Fort Worth, TX	3.0	2.0	1260	$2,245	$1.78	2d	1	0.98mi
10636 Hartley Ln Fort Worth, TX	4.0	2.0	1949	$1,850	$0.95	44d	1	0.98mi
2712 Mistwood Dr Fort Worth, TX	3.0	2.0	1474	$2,309	$1.57	44d	1	0.99mi
2712 Mistwood Dr Fort Worth, TX	3.0	2.0	1474	$2,295	$1.56	20d	1	0.99mi
10140 Dalgreen Cir Fort Worth, TX	4.0	2.0	1660	$2,420	$1.46	6d	1	1.00mi
10136 Dalgreen Cir Fort Worth, TX	3.0–4.0	2.0–2.5	1575	$2,475	$1.57	1d	1	1.01mi
712 Long Iron Dr Fort Worth, TX	3.0	2.0	1985	$2,495	$1.26	7d	1	1.01mi
712 Long Iron Dr Fort Worth, TX	3.0	2.0	2012	$2,495	$1.24	13d	1	1.01mi
10217 Maverick Dr Fort Worth, TX	3.0	2.0	1492	$2,045	$1.37	44d	1	1.02mi
10116 Dalgreen Cir Fort Worth, TX	4.0	2.0	1667	$2,420	$1.45	44d	1	1.06mi
2757 Mistwood Dr Fort Worth, TX	4.0	2.0	1707	$2,375	$1.39	2d	1	1.06mi

HOA detail

• Monthly dues: $75 · $900/yr

Listing history 3 events

1. 2026-04-29
   status Pending
2. 2026-04-23
   price $273,999
3. 2026-04-23
   listed $272,999 Active

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast TX · Resets to sale price

• Current annual tax: $1,135 · $95/mo
• Projected year-2 tax: $5,014 · $418/mo
• Expected delta: +$3,879/yr (+$323/mo · 341.6%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Taxation est. · year 1

• Rental income: $25,705
• − Mortgage interest: −$15,348
• − Property taxes: −$1,135
• − Insurance: −$1,370
• − Repairs & maintenance: −$2,056
• − Management: −$2,056
• − HOA: −$900
• − Depreciation: −$7,971
• Taxable loss: −$5,132
• Est. tax savings @ 24.0%: +$1,232
• After-tax cash flow: $891/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Fort Worth ISD
• NCES district ID: 4819700
• Math proficiency: 18% ▼ -16.00%
• Reading proficiency: 28% ▼ -6.00%
• Median HH income: $42,109
• Composite: 19.61/100
• National rank: #8753
• State rank: #742 of 826 in TX

Livability — Fort Worth

• Score: 80/100
• State rank: #49
• US rank: #1954

Category grades

Amenities A+ Commute A Cost of living A+ Crime F Employment B- Housing A+ Health & safety A User ratings F

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Fort Worth, TX
• County: Tarrant County · 2,033,669 people
• City population: 911,619
• Metro: Dallas-Fort Worth-Arlington, TX
• Population (ZIP): 45,537
• Household income: $80,412
• Rent vs Own: 29.4% rent · 70.6% own
• Severe rent burden: 774.0

Population outlook (Tarrant County) Hauer SSP2

• Today (2025): 2,380,417 people
• By 2030: 2,578,900 · +8.3%
• By 2040: 2,974,995 · +25.0%
• By 2050: 3,350,489 · +40.8%
• By 2075: 4,216,909 · +77.2%
• By 2100: 4,741,527 · +99.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.62)
• Race & ethnicity: White 52% Hispanic / Latino 32% Two or more races 17% Black 8% Asian 3% Native American 1%
• Hispanic origin (detail): Mexican 26% Puerto Rican 1%
• Common ancestry: Slovak 2% Lithuanian 1% Romanian 1%
• Foreign-born: 11% · Canada, Vietnam
• Languages at home: 76% English-only · Spanish 21% Vietnamese 1% Tagalog/Filipino 1%

Political lean MEDSL · Tarrant

• 2024 margin: Lean R (+5.1) · D 46.7% · R 51.9% · Other 1.4%
• 2008→2024 swing: +6.6pp toward D · 2008: -11.7pp · 2024: -5.1pp
• All cycles: 2024: R+5.1 2020: D+0.2 2016: R+8.7 2012: R+15.7 2008: R+11.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -141.39%
• Current HPI: 294.2459
• Rent YoY: ▼ -0.18%
• Metro: Dallas-Fort Worth-Arlington, TX
• State GDP YoY: ▲ 3.95%
• F500 in state: 110

Industry mix (Fortune 500 HQ in TX)

Industry	F500 HQs	Revenue
▸Energy	16	$1,198B
▸Technology	5	$198B
▸Engineering / Construction	4	$72B
▸Energy Services	3	$60B
▸Utilities	3	$41B
▸Healthcare	2	$330B

Price history

+0.4% since first listed

3 events — show timeline

• 2026-04-29 Pending — NTREIS
• 2026-04-23 Price Changed $273,999 NTREIS
• 2026-04-23 Listed $272,999 NTREIS