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$173,000

NAL Estimated Property Value

1500 Michael Street, Fort Worth, TX, 76106

Off MarketInfo
Beds3 Beds
Baths1 Bath
Baths936 Sq Ft
price_per_sqft$176.28 / sqft
Year BuiltBuilt in 1956

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesNone
FlooringCarpet, Ceramic Tile

Exterior

Lot Size7,139 sqft

Building Information

Year Built1956
Stories1
Garage Spaces1

Land Information

APN30040-14-23
Lot Number23
SubdivisionNorth Jarvis Heights
Land UseResidential
Legal DescriptionNORTH JARVIS HEIGHTS BLOCK 14 LOT 23
Census Tract105009
Assessed Land Value$49,140
Assessed Improvement Value$117,114
Assessment Year2025

About this property

3 Bedroom 1 Bath... AS IS Owner is retiring due to Health Issues. Has owned and used as rental for over 30 years Great opportunity for all you investors take advantage of. Or first time home buyers!! Just needs a little updating . This home is within a few miles of the Historical Stockyards and Downtown Ft. Worth for lots of entertainment.

Investor Tools

Property Icon
$173,000
Estimated Property Value
$125,160Estimated Mortgage Balance
$47,840Estimated Equity
27% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,038 /month
Positive
Cash Flow Estimate:
$346 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$383/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,731
$166,254
2025
$49,140
$117,114
$166,254
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,731
$166,254

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Texas Bank Financial
Building Or Construction Loan
$136,800
No
First
Nov 22, 2021
Dec 2041

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$125,160
$47,840
27%
72%
$821/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,927/mo
$821/mo
+$1,106/mo
13.4%

City: Fort Worth

1500 Michael Street | Property Details | No Agent List