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$462,000

NAL Estimated Property Value

1308 Meriwether Avenue, Fort Worth, TX, 76115

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths1,372 Sq Ft
DuplexDuplex
Year BuiltBuilt in 1983

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling
AppliancesElectric Range

Exterior

Lot Size7,980 sqft

Building Information

Year Built1983
Stories1

Land Information

APN45650-2-3
Lot Number3
SubdivisionWeisenberger Addition #4
Land UseResidential
Legal DescriptionWEISENBERGER ADDITION #4 BLOCK 2 LOT 3
Census Tract104504
Assessed Land Value$5,000
Assessed Improvement Value$183,000
Assessment Year2025

About this property

FINALLY!!! Duplex available for purchase. So hard to find in this market. Excellent investment opportunity for a seasoned investor or for the eager house hackers! Close to community, the city, and the great outdoors. Both sides are currently occupied with leases ending in 2023. Property has been maintained and managed and the sellers will provide receipts of all maintenance repairs upon request. Rent comps in the area average to be $1200 per month per side. Photos are of 1310 unit prior to last tenant lease.

Investor Tools

Property Icon
$462,000
Estimated Property Value
$150,094Estimated Mortgage Balance
$311,906Estimated Equity
67% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,772 /month
Positive
Cash Flow Estimate:
$924 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$576/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,600
$188,000
2025
$5,000
$183,000
$188,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,600
$188,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United Wholesale Mortgage
Conventional
$160,500
No
First
Nov 4, 2022
Dec 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$150,094
$311,906
67%
32%
$963/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,385/mo
$963/mo
+$1,422/mo
6.2%

Learn About the Market: Opportunity in Fort Worth

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Explore

Fort Worth

Fort Worth has transformed into one of the fastest-growing large cities in America. Anchoring the western side of the Dallas–Fort Worth Metroplex, the city combines its historic cattle industry and western heritage with modern economic strength. Major employers include aerospace and defense firms, healthcare systems, transportation companies, and advanced manufacturers.

With over one million residents and continued population growth at one of the fastest rates among major U.S. cities, Fort Worth offers relatively affordable housing compared to many peer cities while maintaining the economic advantages of a major metropolitan area. From North Fort Worth growth corridors to established neighborhoods, the city attracts homebuyers, businesses, and new residents seeking opportunity and affordability.

Explore Texas Explore This Area
Population Growth

Population Growth

11.9% since 2020

Net Migration

Net Migration

Strong Positive Migration

Median Home Price

Median Home Price

$299,655

Unemployment Rate

Unemployment Rate

3.7%

Price Trend

Price Trend

-2.5% YoY

New Permits

New Permits

158K

City: Fort Worth

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1308 Meriwether Avenue | Property Details | No Agent List