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$940,000

NAL Estimated Property Value

2622 Waits Ave, Fort Worth, TX, 76109

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,327 Sq Ft
price_per_sqft$362.7 / sqft
Year BuiltBuilt in 1930

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Range, Gas Water Heater, Microwave

Exterior

Lot Size7,797 sqft

Building Information

Year Built1930
Stories1
Garage Spaces1

Land Information

APN44210-44-16
Lot Number16
SubdivisionUniversity Place Addition
Land UseResidential
Legal DescriptionUNIVERSITY PLACE ADDITION BLOCK 44 LOT 16
Census Tract104301
Assessed Land Value$234,000
Assessed Improvement Value$436,000
Assessment Year2025

About this property

Just steps from TCU in the picturesque, sought-after University Place neighborhood, this Tudor home blends historical charm w modern updates. Real hardwood floors flow throughout the home, enhancing its timeless appeal. The spacious living room seamlessly connects to the dining room & front den, ideal for an office or cozy retreat. All bedrooms are generously sized, offering impressive storage not often found in homes of this era. The primary suite, tucked at the back of the home, features striking built-ins & a luxurious ensuite bath w dual sinks, a walk-in shower & 2 closets. The kitchen includes a charming breakfast nook & an original built-in china cabinet, preserving the home’s character. A bonus bar area is perfect for entertaining. The 2nd bath features a vintage cast iron tub, a walk-in shower & ample built-ins. An oversized 1-car garage & carport offer plenty of covered parking & storage options, complemented by a gated electric drive for added security. See full updates list

Investor Tools

Property Icon
$940,000
Estimated Property Value
$658,214Estimated Mortgage Balance
$281,786Estimated Equity
29% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,640 /month
Positive
Cash Flow Estimate:
$1,880 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,106/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,567
$670,000
2025
$234,000
$436,000
$670,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,567
$670,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Gardner Financial Services Ltd
Conventional
$675,200
No
First
Dec 6, 2024
Jan 2040

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$658,214
$281,786
29%
70%
$4,049/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,140/mo
$4,049/mo
$-1,909/mo
2.7%

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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2622 Waits Ave | Property Details | No Agent List