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$277,000

NAL Estimated Property Value

1958 Downey Drive, Fort Worth, TX, 76112

$290,411 ARVInfo
Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,107 Sq Ft
price_per_sqft$127.67 / sqft
Year BuiltBuilt in 1964

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Electric Range, Double Oven, Refrigerator
FlooringCarpet, Ceramic Tile, Laminate, Vinyl

Exterior

Exterior FeaturesRain Gutters, Storage
Lot Size9,357 sqft

Building Information

Year Built1964
Stories1
Garage Spaces2

Land Information

APN25520-13-12
Lot Number12
SubdivisionMeadowbrook Estates Addition
Land UseResidential
Legal DescriptionMEADOWBROOK ESTATES ADDITION BLOCK 13 LOT 12
Census Tract106503
Assessed Land Value$50,000
Assessed Improvement Value$225,000
Assessment Year2025

About this property

Classic three bedroom, two bathroom home in Meadowbrook Estates with unlimited potential. The beautiful architecture has been maintained. Walk into the open foyer with high ceilings. The large living room has a lovely wood-burning fireplace and additional built-in shelving. The kitchen is open to the family room as well as the main living room. Kitchen has a built-in BBQ. There are two dining areas. The refrigerator, washer and dryer will all stay. All the bedrooms have walk-in closets. Large barn like shed in the backyard and additional shed and large covered patio. Lennox HVAC replaced 3 years ago; water heater is 2 years old. The neighborhood park is within walking distance! Come see this great home with tons of potential.

Investor Tools

Property Icon
$277,000
Estimated Property Value
$245,027Estimated Mortgage Balance
$31,973Estimated Equity
11% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$290,411
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,662 /month
Positive
Cash Flow Estimate:
$554 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$534/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,022
$275,000
2025
$50,000
$225,000
$275,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,022
$275,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Sente Mortgage Inc
Fha
$255,290
Yes
First
Sep 27, 2022
Oct 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$245,027
$31,973
11%
88%
$1,577/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,927/mo
$1,577/mo
+$350/mo
8.3%

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.

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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1958 Downey Drive | Property Details | No Agent List