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$290,033

NAL Estimated Property Value

1963 Downey Dr, Fort Worth, TX, 76112

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,141 Sq Ft
price_per_sqft$135.4 / sqft
Year BuiltBuilt in 1960

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesSome Gas Appliances, Built In Gas Range, Dishwasher, Disposal, Gas Range, Plumbed For Gas, Plumbed For Ice Maker
FlooringLaminate, Tile

Exterior

Exterior FeaturesRain Gutters, Storage
Lot Size9,357 sqft

Building Information

Year Built1960
Stories1
Garage Spaces2

Land Information

APN25520-14-4
Lot Number4
SubdivisionMeadowbrook Estates Addition
Land UseResidential
Legal DescriptionMEADOWBROOK ESTATES ADDITION BLOCK 14 LOT 4
Census Tract106503
Assessed Land Value$50,000
Assessed Improvement Value$240,033
Assessment Year2025

About this property

This cozy house on an almost .25-acre lot has been cared for with lots of love. The paint and flooring are in great shape. New toilets, kitchen backsplash, and hard surface countertops were added in 2017. You'll enjoy the convenience of extra storage cabinets in both bathrooms. The converted garage gives you a second living area, or spacious craft or art room. All windows were recently replaced. And exterior was recently painted. Close to schools, shopping, dining, highways, and public transit. The large backyard and patio welcome downtime with lots of space to entertain and relax. All this in the peaceful and highly coveted Meadowbrook community. Best and final offers are due Tuesday, April 26th at 5 pm.

Investor Tools

Property Icon
$290,033
Estimated Property Value
$283,925Estimated Mortgage Balance
$6,108Estimated Equity
2% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,740 /month
Positive
Cash Flow Estimate:
$580 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$524/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,835
$290,033
2025
$50,000
$240,033
$290,033
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,835
$290,033

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Mortgage Research Center Llc
Va
$306,900
Yes
First
May 31, 2022
Jun 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$283,925
$6,108
2%
98%
$1,841/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,927/mo
$1,841/mo
+$86/mo
8.0%

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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1963 Downey Dr | Property Details | No Agent List