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Owner Contacts

$231,000

NAL Estimated Property Value

1506 Grand Ave, Fort Worth, TX, 76164

Off Market

4 Beds

3 Bath

1,176 Sq Ft

Single Family Residence

$2.38 / sqft

Built in 1914

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4

Bathrooms Full 2

Garage Available

Heating Central

Cooling

AppliancesDishwasher, Gas Cooktop, Gas Oven

FlooringLaminate

Exterior

Exterior FeaturesPrivate Yard, Storage

Lot Size7,497 sqft

Building Information

Year Built1914

Stories1

Garage Spaces3

Land Information

APN2310-90-4

Lot Number4

SubdivisionBelmont Terrace Addition

Land UseResidential

Legal DescriptionBELMONT TERRACE ADDITION BLOCK 90 LOT 4

Census Tract100800

Assessed Land Value$49,500

Assessed Improvement Value$101,229

Assessment Year2025

About this property

Encounter the epitome of modern elegance at 1506 Grand Avenue in Fort Worth, TX. This stunning 2-bedroom, 2-bathroom home boasts a spacious open concept floor plan with luxurious granite countertops and a back house that includes 2 additional bedrooms and 1 bathroom. Perfect for multigenerational living, this property offers a versatile and stylish living space for the whole family to enjoy. With ample natural light, contemporary design, and a convenient location, this rental property is the ideal place to call home. Whether you're lounging in the beautifully appointed living spaces or entertaining in the open-concept kitchen, this property offers the perfect blend of comfort and sophistication. Enjoy the convenience of nearby shopping, dining, and entertainment, all within reach from this desirable location. Don't miss out on the opportunity to make this exquisite property your own. Schedule a showing today and welcome to your new Fort Worth oasis.

Investor Tools

$231,000

Estimated Property Value

$200,525Estimated Mortgage Balance

$30,475Estimated Equity

13% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,386 /month

Positive

Cash Flow Estimate:

$462 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$336/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$2,879

$150,729

2025

$49,500

$101,229

$150,729

Tax History

Year

Tax Paid

Assessed Value

2024

$2,879

$150,729

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Jeff Brooks

Building Or Construction Loan

$208,000

First

May 30, 2024

May 2044

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$200,525

$30,475

13%

87%

$1,248/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,927/mo

$1,248/mo

+$679/mo

10.0%

Learn About the Market: Opportunity in Fort Worth

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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.

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