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$358,000

NAL Estimated Property Value

221 W Lancaster Avenue 6002, Fort Worth, TX, 76102

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,271 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$246.58 / sqft
Year BuiltBuilt in 1930

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Microwave, Vented Exhaust Fan
FlooringTerrazzo

Building Information

Year Built1930
Garage Spaces2

Land Information

APN41562C-----6002
Lot Number6002
SubdivisionTexas And Pacific Lofts Condo
Land UseResidential
Legal DescriptionTEXAS AND PACIFIC LOFTS CONDO LOT 6002 & .595% OF COMMON AREA
Census Tract123302
Assessed Land Value$21,000
Assessed Improvement Value$331,140
Assessment Year2025

About this property

Inspired by the Art Deco era and residing on the historic side of the Texas & Pacific Lofts, this beautiful 2 bed, 2 bath condo features views of Downtown Fort Worth's Water Gardens! Original terrazzo floors add durability and character to this open concept unit. This particular condo has large walk-in closets & secondary closets providing incredible storage compared to other units of its size! Custom upgrades throughout! These special upgrades include additional lighting added + decorative light fixtures in kitchen, sconces in living room and bathroom light fixtures, interior paint + duct work paint, stained cabinetry, pantry doors & custom closet systems. Large windows showcase the quiet, 6th floor views!

Investor Tools

Property Icon
$358,000
Estimated Property Value
$222,817Estimated Mortgage Balance
$135,183Estimated Equity
37% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,148 /month
Positive
Cash Flow Estimate:
$716 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$657/month
$699/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,099
$352,140
2025
$21,000
$331,140
$352,140
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,099
$352,140

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First United Bank & Trust Co
Conventional
$247,800
No
First
Feb 5, 2021
Mar 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$222,817
$135,183
37%
62%
$1,486/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,880/mo
$2,185/mo
$-305/mo
6.3%

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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221 W Lancaster Avenue 6002 | Property Details | No Agent List