4096 Merida Ave · Fort Worth, TX 76110

$135,000

2 bd · 1.0 ba · 22,614 sqft · Other public records · 191 Days on market

Built 1951 $151/mo HOA · 9% of rent

---

Why this score? — see what drove the C 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 +23.6/30.0
• 1% rule +7.6/10.0
• DSCR +7.6/10.0
• ARV discount +7.5/15.0
• Livability +4.0/5.0
• Rent growth +2.7/5.0
• Condition / age +2.5/5.0
• Schools +2.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

STOP RENTING, START OWNING! Photos show the model home with the same floor plan as several fully refurbished homes available now. Part of a three-phase development with renovated and newly built homes on 15 acres. Just 8 miles from Downtown Fort Worth, featuring maintained green space, mature trees, and pedestrian trails. Owner-occupant eligibility applies with MAXIMUM income limits: 1-person household: $59,750 - 2 $68,300 - 3 $76,850 - 4 $85,350. Buyers who haven’t owned a home in the past three years may qualify for up to $25,000 in DOWN PAYMENT ASSISTANCE. Buyers purchase the dwelling while leasing the land from the Fort Worth Community Land Trust, lowering the purchase price and monthly costs. The ground lease is $37.50 per month and included in association dues. Features include a covered front porch, fiber-cement siding, architectural shingles, original wood floors, luxury vinyl plank in wet areas, quartz countertops, designer lighting, gas range, microwave, pantry, fridge water line, disposal-ready setup, energy-efficient windows, Ring doorbell, recessed LED lighting, and 2” blinds. REFRIGERATOR IS INCLUDED! Ample parking. Owner laundry facility coming soon. Contact your agent to get started!

Key facts

• Quartz countertops
• Fiber cement siding
• Designer lighting

Tags

• COVERED FRONT RAIN-PORCH
• FIBER CEMENT SIDING
• ARCHITECTURAL ROOF SHINGLES
• ORIGINAL WOOD FLOORING
• QUARTZ COUNTERTOPS
• DESIGNER LIGHTING

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath other listed at $135k.

Deal economics

• At list price, monthly cash flow is $255 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $135k).
• Recommended offer: $119k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.6% 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: schools D+, 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.
• Market conditions: Rents flat; 150 active listings in the ZIP; 18,938 units permitted in Tarrant County in 2024 (8,336 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $933 of loan paydown is wiped out by about $4k 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

• It's been on market 191 days — a 12% lower offer ($119k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Watch-outs: built in 1951 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $118,800 (12.0% below list)

Questions for the listing agent

1. It's been on market 191 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1951 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
8. 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.
9. 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.
10. 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: 1.26% ✓
• Cap rate: 8.56%
• Cash-on-cash: 8.08%
• DSCR: 1.36
• GRM: 6.6

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.7% rent growth · sell at horizon

5-year hold

• IRR: -6.9%
• Equity multiple: 0.75×
• Total profit: $-9,381
• Equity at exit: $20,129

10-year hold

• IRR: -0.8%
• Equity multiple: 0.95×
• Total profit: $-1,835
• Equity at exit: $11,672

Cash invested: $37,800 (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 76110

• Rents YoY: 0.7%
• Active inventory: 150
• Price-to-rent: 6.6×

Monthly cashflow live

• Estimated rent: $1,694 medium
• Mortgage (P&I): −$708
• Tax est. 1.5%: −$169 /mo · $2,025/yr
• Insurance: −$56
• HOA: −$151
• Vacancy / Maint / Mgmt: −$356
• Net cashflow: $255

Break-even live

Break-even rent $1,372

Max offer price $135,000

Occupancy floor 80%

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: $33,750
• Closing costs: $4,050
• Reserves months: —
• Total cash needed: —

HOA detail

• Monthly dues: $151 · $1,812/yr
• Likely covers: watergas

Listing history 15 events

1. 2026-06-18
   days on market $135,000 Active 191 DOM
2. 2026-06-17
   days on market $135,000 Active 190 DOM
3. 2026-06-16
   days on market $135,000 Active 189 DOM
4. 2026-06-15
   days on market $135,000 Active 188 DOM
5. 2026-06-13
   days on market $135,000 Active 186 DOM
6. 2026-06-09
   days on market $135,000 Active 182 DOM
7. 2026-06-08
   days on market $135,000 Active 181 DOM
8. 2026-06-07
   days on market $135,000 Active 180 DOM
9. 2026-06-04
   days on market $135,000 Active 177 DOM
10. 2026-06-03
    days on market $135,000 Active 176 DOM
11. 2026-06-02
    days on market $135,000 Active 175 DOM
12. 2026-06-02
    days on market $135,000 Active 174 DOM
13. 2026-05-31
    days on market $135,000 Active 173 DOM
14. 2026-04-17
    status Active 1230-char remark

    Show marketing remark (1230 chars)

    STOP RENTING, START OWNING! Photos show the model home with the same floor plan as several fully refurbished homes available now. Part of a three-phase development with renovated and newly built homes on 15 acres. Just 8 miles from Downtown Fort Worth, featuring maintained green space, mature trees, and pedestrian trails. Owner-occupant eligibility applies with MAXIMUM income limits: 1-person household: $59,750 - 2 $68,300 - 3 $76,850 - 4 $85,350. Buyers who haven’t owned a home in the past three years may qualify for up to $25,000 in DOWN PAYMENT ASSISTANCE. Buyers purchase the dwelling while leasing the land from the Fort Worth Community Land Trust, lowering the purchase price and monthly costs. The ground lease is $37.50 per month and included in association dues. Features include a covered front porch, fiber-cement siding, architectural shingles, original wood floors, luxury vinyl plank in wet areas, quartz countertops, designer lighting, gas range, microwave, pantry, fridge water line, disposal-ready setup, energy-efficient windows, Ring doorbell, recessed LED lighting, and 2” blinds. REFRIGERATOR IS INCLUDED! Ample parking. Owner laundry facility coming soon. Contact your agent to get started!

15. 2025-12-08
    listed $135,000 Active 1230-char remark

    Show marketing remark (1230 chars)

    STOP RENTING, START OWNING! Photos show the model home with the same floor plan as several fully refurbished homes available now. Part of a three-phase development with renovated and newly built homes on 15 acres. Just 8 miles from Downtown Fort Worth, featuring maintained green space, mature trees, and pedestrian trails. Owner-occupant eligibility applies with MAXIMUM income limits: 1-person household: $59,750 - 2 $68,300 - 3 $76,850 - 4 $85,350. Buyers who haven’t owned a home in the past three years may qualify for up to $25,000 in DOWN PAYMENT ASSISTANCE. Buyers purchase the dwelling while leasing the land from the Fort Worth Community Land Trust, lowering the purchase price and monthly costs. The ground lease is $37.50 per month and included in association dues. Features include a covered front porch, fiber-cement siding, architectural shingles, original wood floors, luxury vinyl plank in wet areas, quartz countertops, designer lighting, gas range, microwave, pantry, fridge water line, disposal-ready setup, energy-efficient windows, Ring doorbell, recessed LED lighting, and 2” blinds. REFRIGERATOR IS INCLUDED! Ample parking. Owner laundry facility coming soon. Contact your agent to get started!

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 7/10 Severe 7 d/yr ≥109°F today · 23 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 24% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,331
• − Mortgage interest: −$7,562
• − Property taxes: −$2,025
• − Insurance: −$675
• − Repairs & maintenance: −$1,626
• − Management: −$1,626
• − HOA: −$1,812
• − Depreciation: −$3,927
• Taxable income: $1,077
• Est. tax owed @ 24.0%: −$258
• After-tax cash flow: $2,796/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): 33,441
• Household income: $69,790
• Rent vs Own: 37.6% rent · 62.4% own
• Severe rent burden: 1471.0

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: Majority Hispanic (63%)
• Race & ethnicity: Hispanic / Latino 63% White 30% Two or more races 24% Black 2% Asian 2%
• Hispanic origin (detail): Mexican 57%
• Common ancestry: Slovak 1% Italian 1% Lithuanian 1%
• Foreign-born: 26% · Canada, China
• Languages at home: 45% English-only · Spanish 52% Other Asian/Pacific 1% Other Indo-European 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: ▼ -194.46%
• Current HPI: 274.8888
• Rent YoY: ▲ 0.70%
• 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

2 events — show timeline

• 2026-04-17 Relisted — NTREIS
• 2025-12-08 Listed $135,000 NTREIS

Property tax history

+7.6%/yr

Latest (2025): $47,197 · +10.4% YoY. Source: county tax records.