2325 Felder Ln · Fort Worth, TX 76112

$155,000

3 bd · 1.0 ba · 864 sqft · SingleFamily public records · 38 Days on market

Built 1958 7,579 sqft lot $179/sqft · 19% below area Est $191k · 19% under ↓ 6% since listing

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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 +17.1/30.0
• ARV discount +15.0/15.0
• DSCR +5.3/10.0
• 1% rule +5.2/10.0
• Livability +4.0/5.0
• Condition / age +2.5/5.0
• Rent growth +2.4/5.0
• Schools +2.0/10.0
• Appreciation +0.0/10.0

Listing remarks

Located in an established area of Fort Worth, this property offers an excellent opportunity for investors seeking a light renovation project with strong resale potential. The home is in overall solid condition and will require only light cosmetic updates to reach its full market value. With an estimated ARV around $200K, there is clear upside for a quick turnaround or long-term hold strategy. Situated in a neighborhood experiencing steady growth and ongoing improvements, this property benefits from proximity to major highways, employment centers, and local amenities, making it attractive for both future homeowners and renters. Motivated seller. Sold as-is. Buyer and buyer agent to verify al

Key facts

• Employment centers
• Solid condition
• 7,579 sq ft lot

Tags

• LIGHT RENOVATION PROJECT
• STRONG RESALE POTENTIAL
• SOLID CONDITION
• LIGHT COSMETIC UPDATES
• PROXIMITY TO MAJOR HIGHWAYS
• EMPLOYMENT CENTERS

Property features AI

Finance

• Other: Property type: Residential, Single Family Residence; Parcel number: 00443050; County: Tarrant; Country: United States
• Financial info: Treat as clear loan type; No second mortgage indicated
• HOA & community: No homeowners association

Exterior

• Parking: Attached carport; Covered parking (1 space); Carport provides 1 space; Concrete parking surface
• Utilities: City water; City sewer; Not in a municipal utility district
• Home design: Single family residence; Attached property; One story; Built in 1958
• Construction: Year built 1958
• Exterior features: Lot less than 1/2 acre (approximately 0.174 acres); Subdivision: Carver Heights; Use GPS for directions

Interior

• Kitchen: Electric range
• Bedrooms: 3 bedrooms (primary bedroom on main level)
• Bathrooms: 1 full bathroom
• Interior features: Pantry; One living area; Two total rooms

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $155k.

Deal economics

• At list price, monthly cash flow is $108 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $155k).
• Recommended offer: $150k (3.0% below list) — sets the bar for market timing.
• Cap rate 7.1% 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 (-0.4%/yr); 167 active listings in the ZIP; 15 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 33% of the median local income ($58k/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 38 days — a 3% lower offer ($150k) 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 $150,350 (3.0% below list)

Questions for the listing agent

1. It's been on market 38 days. Have you received any prior offers? Is the seller open to a 3% 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: 1.02% ✓
• Cap rate: 7.13%
• Cash-on-cash: 2.99%
• DSCR: 1.13
• GRM: 8.2

CMA / ARV

• ARV (median comp): $191,303
• List price: $155,000
• Delta: -18.98%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 10 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
6308 Vel Dr	0.09mi	3/1.0	900 (+4%)	2mo	$207,000	$230	88
6271 Ava Court Dr	0.14mi	3/1.0	800 (-7%)	7mo	$185,000	$231	76
2340 Debra Court Dr	0.08mi	3/1.0	900 (+4%)	17mo	$199,000	$221	75
6525 Truman Dr	0.31mi	3/1.0	900 (+4%)	5mo	$157,000	$174	74
6421 Ava Court Dr	0.23mi	3/1.0	792 (-8%)	18mo	$199,000	$251	60
2313 Tanneyhill Ln	0.15mi	3/2.0	967 (+12%)	14mo	$199,000	$206	58
5629 Wainwright Dr	0.75mi	2/1.0 (-1)	856 (-1%)	4mo	$130,000	$152	55
2341 Carruthers Dr	0.07mi	3/1.0	984 (+14%)	23mo	$150,000	$152	54
2112 Ransom Ter	0.53mi	2/1.0 (-1)	768 (-11%)	13mo	$132,500	$173	40
5605 Bong Dr	0.71mi	2/1.0 (-1)	768 (-11%)	12mo	$132,500	$173	33

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: -15.2%
• Equity multiple: 0.47×
• Total profit: $-22,786
• Equity at exit: $23,111

10-year hold

• IRR: -13.2%
• Equity multiple: 0.34×
• Total profit: $-28,586
• Equity at exit: $13,402

Cash invested: $43,400 (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 76112

• Home prices YoY: -32.0%
• Rents YoY: -0.4%
• Active inventory: 167
• Price-to-rent: 8.2×

Monthly cashflow live

• Estimated rent: $1,580 high
• Mortgage (P&I): −$813
• Tax from tax record: −$262 /mo · $3,146/yr
• Insurance: −$65
• HOA: −$0
• Vacancy / Maint / Mgmt: −$332
• Net cashflow: $108

Break-even live

Break-even rent $1,443

Max offer price $155,000

Occupancy floor 88%

Sensitivity live

Price	-10% $196	-5% $152	+0% $108	+5% $64	+10% $21
Rent	-10% $-17	-5% $46	+0% $108	+5% $171	+10% $233
Rate	-1.0pp $186	-0.5pp $148	base $108	+0.5pp $68	+1.0pp $27

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: $38,750
• Closing costs: $4,650
• Reserves months: —
• Total cash needed: —

Rent comps 15 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1810 Wiseman Ave Fort Worth, TX	3.0	2.0	1000	$1,500	$1.50	44d	1	1.01mi
3700 Radford Rd Fort Worth, TX	3.0	2.0	1124	$1,650	$1.47	13d	1	1.03mi
3700 Radford Rd Fort Worth, TX	3.0	2.0	1124	$1,650	$1.47	25d	1	1.03mi
2913 Hunter St Fort Worth, TX	2.0	1.0	1000	$1,595	$1.59	19d	1	1.06mi
1804 Andrew Ave Fort Worth, TX	2.0	1.0	764	$1,395	$1.83	18d	1	1.07mi
3201 Mount Horum Way Fort Worth, TX	3.0	2.0	1045	$1,699	$1.63	7d	1	1.16mi
2128 R. W. Bivens Ln Fort Worth, TX	3.0	2.0	1045	$1,615	$1.55	14d	1	1.17mi
5336 Cottey St Fort Worth, TX	3.0	2.0	1045	$1,699	$1.63	44d	1	1.19mi
5913 Montague St Fort Worth, TX	3.0	2.0	1090	$1,549	$1.42	14d	1	1.28mi
3848 Waldorf St Fort Worth, TX	2.0	1.0	734	$1,195	$1.63	6d	1	1.35mi
2708 Hunter St Fort Worth, TX	2.0	1.0	987	$1,550	$1.57	25d	1	1.40mi
6617 Greenlee St Fort Worth, TX	2.0	1.0	1050	$1,499	$1.43	21d	1	1.41mi
3865 Stalcup Rd Fort Worth, TX	3.0	2.0	1090	$1,814	$1.66	7d	1	1.42mi
5011 Sunshine Dr Fort Worth, TX	2.0	1.0	813	$1,515	$1.86	25d	1	1.48mi
2521 Putnam St Fort Worth, TX	3.0	1.5	1105	$1,750	$1.58	44d	1	1.49mi

Listing history 17 events

1. 2026-06-21
   days on market $155,000 Active 38 DOM
2. 2026-06-18
   days on market $155,000 Active 35 DOM
3. 2026-06-17
   days on market $155,000 Active 34 DOM
4. 2026-06-16
   days on market $155,000 Active 33 DOM
5. 2026-06-15
   days on market $155,000 Active 32 DOM
6. 2026-06-13
   days on market $155,000 Active 30 DOM
7. 2026-06-09
   days on market $155,000 Active 26 DOM
8. 2026-06-08
   days on market $155,000 Active 25 DOM
9. 2026-06-08
   price $155,000 Active 24 DOM
10. 2026-06-07
    days on market $165,000 Active 24 DOM
11. 2026-06-04
    days on market $165,000 Active 21 DOM
12. 2026-06-03
    days on market $165,000 Active 20 DOM
13. 2026-06-02
    days on market $165,000 Active 19 DOM
14. 2026-06-01
    days on market $165,000 Active 18 DOM
15. 2026-05-31
    days on market $165,000 Active 17 DOM
16. 2026-05-14
    listed $165,000 Active 722-char remark
17. 2011-08-11
    soldstatus

ⓘ 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: $3,146 · $262/mo
• Projected year-2 tax: $3,146 · $262/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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 2 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,954
• − Mortgage interest: −$8,682
• − Property taxes: −$3,146
• − Insurance: −$775
• − Repairs & maintenance: −$1,516
• − Management: −$1,516
• − Depreciation: −$4,509
• Taxable loss: −$1,191
• Est. tax savings @ 24.0%: +$286
• After-tax cash flow: $1,585/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): 44,514
• Household income: $57,724
• Rent vs Own: 51.3% rent · 48.7% own
• Severe rent burden: 3056.0

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 0.69)
• Race & ethnicity: Black 38% Hispanic / Latino 34% White 21% Two or more races 19% Asian 3%
• Hispanic origin (detail): Mexican 28% Puerto Rican 1%
• Common ancestry: Lithuanian 1% Slovak 1% Swiss 1%
• Foreign-born: 15% · Canada, Vietnam
• Languages at home: 67% English-only · Spanish 29% Other Indo-European 1% Vietnamese 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: ▼ -158.49%
• Current HPI: 336.6297
• Rent YoY: ▼ -0.43%
• 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

-6.1% since first listed

3 events — show timeline

• 2026-06-07 Price Changed $155,000 NTREIS
• 2026-05-14 Listed $165,000 NTREIS
• 2011-08-11 Sold (Public Records) — Public Records

Property tax history

+9.7%/yr

Latest (2025): $3,146 · -2.4% YoY. Source: county tax records.