4121 Wilhelm St · Fort Worth, TX 76119

$174,900

3 bd · 1.0 ba · 1,064 sqft · SingleFamily public records · 57 Days on market

Built 1958 8,102 sqft lot $164/sqft · 15% below area Est $205k · 15% under

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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 +19.4/30.0
• ARV discount +14.1/15.0
• DSCR +6.1/10.0
• 1% rule +4.3/10.0
• Livability +4.0/5.0
• Condition / age +2.5/5.0
• Rent growth +2.1/5.0
• Schools +2.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Charming single-story home located in the established Fair Havens Addition of Fort Worth. This 3-bedroom, 1-bath residence offers approximately 1,064 square feet of living space and sits on a spacious 8,100 sq ft lot, providing plenty of room for outdoor enjoyment. Built in 1958, the home features a functional layout with great potential for updates or investment opportunities. fresh paint and new carpet. The property includes a sizable backyard ideal for entertaining, gardening, or future expansion. Conveniently located with easy access to major highways, schools, and local amenities, this home is perfect for first-time buyers, investors, or those looking to add their personal touch. Don’t miss this opportunity to own a property with solid potential in a growing Fort Worth market. This property qualifies for a $10,000 grant from approved lender. more details uploaded in transaction desk

Key facts

• Sizable backyard
• Local amenities
• Single-story home

Tags

• SINGLE-STORY HOME
• SIZABLE BACKYARD
• EASY ACCESS TO MAJOR HIGHWAYS
• LOCAL AMENITIES

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $175k.

Deal economics

• At list price, monthly cash flow is $194 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $163k (6.8% below list).
• Recommended offer: $163k (6.8% below list) — sets the bar for 1% rule.
• Cap rate 7.6% 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 soft (-1.6%/yr); 187 active listings in the ZIP; 27 comparable units currently listed for rent nearby; rentals at typical pace (median 20d on market — plan ~3-4 weeks tenant-placement turnaround); 18,938 units permitted in Tarrant County in 2024 (8,336 in 5+ unit buildings).
• This rent runs 38% of the median local income ($51k/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 $1k of loan paydown is wiped out by about $5k 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 57 days — a 3% lower offer ($170k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1958 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $162,990 (6.8% below list)

Questions for the listing agent

1. It's been on market 57 days. Have you received any prior offers? Is the seller open to a 7% concession, seller financing, or rate buy-down credit?
2. Built in 1958 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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. 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.
7. 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.
8. 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: 0.93% ✗
• Cap rate: 7.63%
• Cash-on-cash: 4.76%
• DSCR: 1.21
• GRM: 8.9

CMA / ARV

• ARV (median comp): $205,089
• List price: $174,900
• Delta: -14.72%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4120 Wilhelm St	0.03mi	3/1.0	996 (-6%)	0mo	$169,999	$171	88
4505 Quails Ln	0.16mi	3/1.0	1,047 (-2%)	4mo	$99,900	$95	86
4608 Reed St	0.39mi	3/1.0	1,050 (-1%)	2mo	$149,900	$143	78
4500 Reed St	0.42mi	3/1.0	1,096 (+3%)	1mo	$165,000	$151	74
3709 S Hughes Ave	0.38mi	3/2.0	1,040 (-2%)	5mo	$205,000	$197	70
3509 S Hughes Ave	0.50mi	3/1.0	1,054 (-1%)	6mo	$189,999	$180	70
4413 Quails Ln	0.18mi	3/2.0	1,200 (+13%)	2mo	$225,000	$188	64
4313 Eastover Ave	0.40mi	4/2.0 (+1)	1,164 (+9%)	0mo	$224,900	$193	56
3720 Carey St	0.70mi	3/1.0	998 (-6%)	6mo	$168,000	$168	52
3012 Hatcher St	0.75mi	3/1.0	950 (-11%)	2mo	$105,000	$111	45
4311 Fairlane Ave	0.69mi	2/1.0 (-1)	943 (-11%)	0mo	$175,000	$186	44
3712 Preston Dr	0.68mi	3/2.0	1,222 (+15%)	4mo	$199,000	$163	36

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

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

5-year hold

• IRR: -12.1%
• Equity multiple: 0.58×
• Total profit: $-20,783
• Equity at exit: $26,078

10-year hold

• IRR: -7.7%
• Equity multiple: 0.58×
• Total profit: $-20,802
• Equity at exit: $15,122

Cash invested: $48,972 (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 76119

• Home prices YoY: -6.4%
• Rents YoY: -1.6%
• Active inventory: 187
• Price-to-rent: 8.9×

Monthly cashflow live

• Estimated rent: $1,630 high
• Mortgage (P&I): −$917
• Tax from tax record: −$103 /mo · $1,238/yr
• Insurance: −$73
• HOA: −$0
• Vacancy / Maint / Mgmt: −$342
• Net cashflow: $194

Break-even live

Break-even rent $1,384

Max offer price $174,900

Occupancy floor 83%

Sensitivity live

Price	-10% $293	-5% $244	+0% $194	+5% $145	+10% $95
Rent	-10% $66	-5% $130	+0% $194	+5% $259	+10% $323
Rate	-1.0pp $282	-0.5pp $239	base $194	+0.5pp $149	+1.0pp $103

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: $43,725
• Closing costs: $5,247
• Reserves months: —
• Total cash needed: —

Rent comps 27 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4217 Wilhelm St Fort Worth, TX	3.0	2.0	1380	$1,650	$1.20	45d	1	0.15mi
4336 Jana Dr Fort Worth, TX	3.0	1.0	1070	$1,650	$1.54	5d	1	0.25mi
3983 Griggs Ct Fort Worth, TX	3.0	1.0	1062	$1,500	$1.41	0d	1	0.26mi
4508 Wiman Dr Fort Worth, TX	3.0	2.0	1045	$1,564	$1.50	0d	1	0.36mi
5055 Virgil St Fort Worth, TX	3.0	2.0	1089	$1,650	$1.52	25d	1	0.51mi
3758 Donalee St Fort Worth, TX	3.0	1.0	720	$1,395	$1.94	45d	1	0.86mi
3865 Stalcup Rd Fort Worth, TX	3.0	2.0	1090	$1,800	$1.65	0d	1	0.97mi
3848 Waldorf St Fort Worth, TX	2.0	1.0	734	$1,195	$1.63	6d	1	1.02mi
3201 Mount Horum Way Fort Worth, TX	3.0	2.0	1045	$1,675	$1.60	0d	1	1.10mi
5336 Cottey St Fort Worth, TX	3.0	2.0	1045	$1,699	$1.63	45d	1	1.10mi
3421 Bright St Unit 3421 Fort Worth, TX	3.0	1.0	900	$1,375	$1.53	45d	1	1.13mi
5011 Sunshine Dr Fort Worth, TX	2.0	1.0	813	$1,515	$1.86	25d	1	1.14mi
2500 S Edgewood Ter Fort Worth, TX	1.0–3.0	1.0–2.5	1123	$1,895	$1.69	3d	34	1.15mi
4312 Lorin Ave Fort Worth, TX	4.0	2.0	1230	$2,000	$1.63	45d	1	1.16mi
4959 Miller Ave Unit 4959 Fort Worth, TX	2.0	1.0	780	$1,200	$1.54	25d	1	1.19mi
5328 Carol Ave Fort Worth, TX	4.0	2.0	1230	$2,100	$1.71	45d	1	1.25mi
3700 Radford Rd Fort Worth, TX	3.0	2.0	1124	$1,650	$1.47	25d	1	1.26mi
3700 Radford Rd Fort Worth, TX	3.0	2.0	1124	$1,650	$1.47	14d	1	1.26mi
4220 Ramey Ave Fort Worth, TX	2.0	1.0	832	$1,680	$2.02	6d	1	1.26mi
2701 Vogt St Fort Worth, TX	3.0	2.0	1090	$1,475	$1.35	15d	1	1.35mi
5818 Grayson St Unit 5818 Fort Worth, TX	3.0	2.5	1400	$2,000	$1.43	20d	1	1.37mi
5820 Grayson St Fort Worth, TX	3.0	2.5	1417	$1,895	$1.34	45d	1	1.38mi
5908 Oakdale Dr Fort Worth, TX	3.0	2.0	1090	$1,475	$1.35	7d	1	1.43mi
5910 Wilkes Dr Fort Worth, TX	3.0	2.0	872	$1,399	$1.60	0d	1	1.44mi
5913 Montague St Fort Worth, TX	3.0	2.0	1090	$1,549	$1.42	15d	1	1.46mi
5912 Wilkes Dr Fort Worth, TX	3.0	2.0	872	$1,499	$1.72	45d	1	1.46mi
3211 Montague St Fort Worth, TX	3.0	2.0	1460	$1,999	$1.37	45d	1	1.49mi

Listing history 17 events

1. 2026-06-18
   status $174,900 Pending 57 DOM
2. 2026-06-17
   days on market $174,900 Active Option Contract 57 DOM
3. 2026-06-16
   days on market $174,900 Active Option Contract 56 DOM
4. 2026-06-15
   days on market $174,900 Active Option Contract 55 DOM
5. 2026-06-13
   days on market $174,900 Active Option Contract 53 DOM
6. 2026-06-09
   days on market $174,900 Active Option Contract 49 DOM
7. 2026-06-08
   days on market $174,900 Active Option Contract 48 DOM
8. 2026-06-08
   status $174,900 Active Option Contract 47 DOM
9. 2026-06-07
   days on market $174,900 Active 47 DOM
10. 2026-06-04
    days on market $174,900 Active 44 DOM
11. 2026-06-03
    days on market $174,900 Active 43 DOM
12. 2026-06-02
    days on market $174,900 Active 42 DOM
13. 2026-06-02
    status $174,900 Active 41 DOM
14. 2026-06-01
    days on market $174,900 Active Option Contract 41 DOM
15. 2026-05-31
    status $174,900 Active Option Contract 40 DOM
16. 2026-05-31
    days on market $174,900 Active 40 DOM
17. 2026-04-21
    listed $174,900 Active 916-char remark

    Show marketing remark (916 chars)

    Charming single-story home located in the established Fair Havens Addition of Fort Worth. This 3-bedroom, 1-bath residence offers approximately 1,064 square feet of living space and sits on a spacious 8,100 sq ft lot, providing plenty of room for outdoor enjoyment. Built in 1958, the home features a functional layout with great potential for updates or investment opportunities. fresh paint and new carpet. The property includes a sizable backyard ideal for entertaining, gardening, or future expansion. Conveniently located with easy access to major highways, schools, and local amenities, this home is perfect for first-time buyers, investors, or those looking to add their personal touch. Don’t miss this opportunity to own a property with solid potential in a growing Fort Worth market. This property qualifies for a $10,000 grant from approved lender. more details uploaded in transaction desk

ⓘ 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: $1,238 · $103/mo
• Projected year-2 tax: $3,201 · $267/mo
• Expected delta: +$1,963/yr (+$164/mo · 158.6%)

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

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 ≥110°F today · 23 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,559
• − Mortgage interest: −$9,797
• − Property taxes: −$1,238
• − Insurance: −$874
• − Repairs & maintenance: −$1,565
• − Management: −$1,565
• − Depreciation: −$5,088
• Taxable loss: −$568
• Est. tax savings @ 24.0%: +$136
• After-tax cash flow: $2,469/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): 52,974
• Household income: $51,267
• Rent vs Own: 45.3% rent · 54.7% own
• Severe rent burden: 2221.0

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 0.60)
• Race & ethnicity: Hispanic / Latino 51% Black 36% Two or more races 26% White 8% Asian 3%
• Hispanic origin (detail): Mexican 44%
• Foreign-born: 25% · Canada, Philippines
• Languages at home: 54% English-only · Spanish 42% Other Indo-European 2% Other Asian/Pacific 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: ▼ -23.04%
• Current HPI: 336.7941
• Rent YoY: ▼ -1.61%
• 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

1 event — show timeline

• 2026-04-21 Listed $174,900 NTREIS

Property tax history

+2.5%/yr

Latest (2025): $1,238 · +7.3% YoY. Source: county tax records.