1301 Sharondale St · Fort Worth, TX 76115

$149,000

3 bd · 1.0 ba · 1,410 sqft · SingleFamily public records · 17 Days on market

Built 1952 9,888 sqft lot $106/sqft · 25% below area Est $198k · 25% under ↓ 4% 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 +21.2/30.0
• ARV discount +15.0/15.0
• DSCR +6.8/10.0
• 1% rule +6.3/10.0
• Livability +4.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

This 3-bedroom, 1-bath home offers 1,410 sq ft of potential on a generous lot with garage parking. Located with easy access to I-35W and I-20, putting you minutes from Downtown Fort Worth, shopping, dining, and major employers. Sitting on a generously sized lot with a spacious backyard and garage parking, this property is a prime opportunity to flip or add a strong rental to your portfolio.

Key facts

• Generous lot
• Spacious backyard
• Easy access to i-35w

Tags

• GENEROUS LOT
• EASY ACCESS TO I-35W
• EASY ACCESS TO I-20
• SPACIOUS BACKYARD
• GARAGE PARKING

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $149k.

Deal economics

• At list price, monthly cash flow is $217 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $149k).
• Recommended offer: $147k (1.5% below list) — sets the bar for market timing.
• Cap rate 8.0% 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: 31 active listings in the ZIP; 16 comparable units currently listed for rent nearby; rentals at typical pace (median 25d 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 ($52k/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 $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 17 days — a 2% lower offer ($147k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1952 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: moderate wind risk, 26% 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 $146,765 (1.5% below list)

Questions for the listing agent

1. Built in 1952 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
5. 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.
6. 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.
7. 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: 1.13% ✓
• Cap rate: 8.04%
• Cash-on-cash: 6.23%
• DSCR: 1.28
• GRM: 7.4

CMA / ARV

• ARV (median comp): $198,388
• List price: $149,000
• Delta: -24.89%
• 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
1301 Sharondale St	0.00mi	3/1.0	1,410 (0%)	0mo	$149,000	$106	100
1240 Hodgson St	0.05mi	2/1.0 (-1)	1,258 (-11%)	6mo	$179,500	$143	70
5756 S 6th Ave	0.44mi	3/2.0	1,460 (+4%)	9mo	$220,000	$151	62
5465 Wayside Ave	0.63mi	3/2.0	1,358 (-4%)	2mo	$247,700	$182	58
5717 6th Ave	0.36mi	3/1.0	1,289 (-9%)	14mo	$174,000	$135	57
1320 California Pkwy N	0.23mi	3/2.0	1,243 (-12%)	10mo	$219,325	$176	57
1245 Hodgson St	0.04mi	4/2.0 (+1)	1,216 (-14%)	11mo	$199,900	$164	57
1557 Hamsted St	0.28mi	3/1.0	1,208 (-14%)	13mo	$220,000	$182	53
1520 Barcus Cir	0.47mi	3/2.0	1,563 (+11%)	6mo	$249,999	$160	51
5401 Wayside Ave	0.72mi	3/1.5	1,385 (-2%)	15mo	$213,000	$154	49
2000 Bettibart St	0.70mi	3/2.0	1,344 (-5%)	10mo	$249,000	$185	47
1513 Barcus Cir	0.50mi	3/1.0	1,262 (-10%)	15mo	$229,500	$182	47

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -6.6%
• Equity multiple: 0.75×
• Total profit: $-10,273
• Equity at exit: $22,216

10-year hold

• IRR: 3.0%
• Equity multiple: 1.22×
• Total profit: $9,123
• Equity at exit: $12,883

Cash invested: $41,720 (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 76115

• Home prices YoY: -6.0%
• Active inventory: 31
• Price-to-rent: 7.4×

Monthly cashflow live

• Estimated rent: $1,679 high
• Mortgage (P&I): −$781
• Tax from tax record: −$267 /mo · $3,200/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$353
• Net cashflow: $217

Break-even live

Break-even rent $1,405

Max offer price $149,000

Occupancy floor 82%

Sensitivity live

Price	-10% $301	-5% $259	+0% $217	+5% $174	+10% $132
Rent	-10% $84	-5% $150	+0% $217	+5% $283	+10% $349
Rate	-1.0pp $292	-0.5pp $255	base $217	+0.5pp $178	+1.0pp $139

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: $37,250
• Closing costs: $4,470
• Reserves months: —
• Total cash needed: —

Rent comps 16 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1232 Cameron St Fort Worth, TX	3.0	1.0	1168	$1,595	$1.37	44d	1	0.17mi
1232 Cameron St Fort Worth, TX	3.0	1.0	1168	$1,595	$1.37	18d	1	0.17mi
5612 James Ave Fort Worth, TX	1.0–3.0	1.0–2.0	824	$1,700	$2.06	4d	8	0.51mi
2101 Bettibart St Fort Worth, TX	4.0	2.0	1550	$1,600	$1.03	21d	1	0.83mi
2101 Bettibart St Fort Worth, TX	4.0	2.0	1550	$1,600	$1.03	17d	1	0.83mi
1000 W Hammond St Fort Worth, TX	2.0	1.0	900	$1,600	$1.78	25d	1	0.85mi
2800 Sadler Ave Fort Worth, TX	3.0	2.0	1811	$2,300	$1.27	44d	1	1.12mi
4201 William Fleming Ct W Fort Worth, TX	2.0	1.5–2.0	865	$1,450	$1.68	2d	104	1.25mi
2800 W Fuller Ave Fort Worth, TX	3.0	1.5	1161	$1,650	$1.42	44d	1	1.31mi
3120 Covert Ave Fort Worth, TX	3.0	2.0	1701	$2,075	$1.22	44d	1	1.35mi
2908 Binyon Ave Fort Worth, TX	3.0	1.0	1249	$1,775	$1.42	25d	1	1.36mi
3104 Medina Ave Fort Worth, TX	3.0	2.0	1355	$1,850	$1.37	22d	1	1.44mi
6258 Canyon Cir Fort Worth, TX	2.0	2.0	1190	$1,400	$1.18	44d	1	1.46mi
4904 Odessa Ave Fort Worth, TX	3.0	2.0	1360	$2,050	$1.51	25d	1	1.47mi
6302 Peggy Dr Fort Worth, TX	2.0	2.0	1302	$1,450	$1.11	44d	1	1.48mi
6310 Peggy Dr Fort Worth, TX	2.0	2.0	1250	$1,500	$1.20	7d	1	1.49mi

Listing history 4 events

1. 2026-05-09
   status Pending 393-char remark

   Show marketing remark (393 chars)

   This 3-bedroom, 1-bath home offers 1,410 sq ft of potential on a generous lot with garage parking. Located with easy access to I-35W and I-20, putting you minutes from Downtown Fort Worth, shopping, dining, and major employers. Sitting on a generously sized lot with a spacious backyard and garage parking, this property is a prime opportunity to flip or add a strong rental to your portfolio.

2. 2026-05-06
   price $149,000 393-char remark

   Show marketing remark (393 chars)

   This 3-bedroom, 1-bath home offers 1,410 sq ft of potential on a generous lot with garage parking. Located with easy access to I-35W and I-20, putting you minutes from Downtown Fort Worth, shopping, dining, and major employers. Sitting on a generously sized lot with a spacious backyard and garage parking, this property is a prime opportunity to flip or add a strong rental to your portfolio.

3. 2026-04-16
   listed $155,000 Active 393-char remark

   Show marketing remark (393 chars)

   This 3-bedroom, 1-bath home offers 1,410 sq ft of potential on a generous lot with garage parking. Located with easy access to I-35W and I-20, putting you minutes from Downtown Fort Worth, shopping, dining, and major employers. Sitting on a generously sized lot with a spacious backyard and garage parking, this property is a prime opportunity to flip or add a strong rental to your portfolio.

4. 2014-04-04
   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: $3,200 · $267/mo
• Projected year-2 tax: $3,200 · $267/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 ≥109°F today · 23 d/yr by 30 yrs out
• 💨 Wind 5/10 Major 26% 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: $20,153
• − Mortgage interest: −$8,346
• − Property taxes: −$3,200
• − Insurance: −$745
• − Repairs & maintenance: −$1,612
• − Management: −$1,612
• − Depreciation: −$4,335
• Taxable income: $303
• Est. tax owed @ 24.0%: −$73
• After-tax cash flow: $2,527/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): 19,655
• Household income: $52,411
• Rent vs Own: 53.2% rent · 46.8% own
• Severe rent burden: 859.0

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: Predominantly Hispanic (72%)
• Race & ethnicity: Hispanic / Latino 72% Two or more races 35% White 11% Black 11% Asian 5%
• Hispanic origin (detail): Mexican 66%
• Common ancestry: Italian 1% Arab 1%
• Foreign-born: 36% · Canada, South Korea, China
• Languages at home: 32% English-only · Spanish 62% Korean 3% Arabic 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: ▼ -23.05%
• Current HPI: 363.5732
• Rent YoY: —
• 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

-3.9% since first listed

4 events — show timeline

• 2026-05-09 Pending — NTREIS
• 2026-05-06 Price Changed $149,000 NTREIS
• 2026-04-16 Listed $155,000 NTREIS
• 2014-04-04 Sold (Public Records) — Public Records

Property tax history

+3.4%/yr

Latest (2025): $3,200 · -2.4% YoY. Source: county tax records.