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$275,000

2940 May St, Fort Worth, TX, 76110

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,773 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$155.1 / sqft
Year BuiltBuilt in 1920

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Range, Microwave
FlooringTile, Wood, Other

Exterior

Exterior FeaturesStorage
Lot Size7,497 sqft

Building Information

Year Built1920
Stories1
Garage Spaces2

Land Information

APN39450-20-14
Lot Number14
SubdivisionSouth Hemphill Heights Addn
Land UseResidential
Legal DescriptionSOUTH HEMPHILL HEIGHTS ADDN BLOCK 20 LOT 14
Census Tract104502
Assessed Land Value$42,500
Assessed Improvement Value$226,000
Assessment Year2025

About this property

***SELLER IS OFFERING 2 PTS TO BUYDOWN INTEREST RATE***Charming craftsman style 3 BR 2 Bath home in the heart of Fort Worth! Lovely landscaping & a wonderful covered front porch welcomes you. Beautiful 1920s home has been updated w modern amenities while preserving much of its original character. Living & dining areas feature wood floors, crown molding, built in shelves, & a decorative fireplace. Spacious master BR w a remodeled Bath, walk-in closet, & a sitting area. Gorgeous kitchen w a 5 burner gas stove, granite counters, stainless steel appliances, & a new dishwasher 2022. Huge butler's pantry right off the kitchen connects you to a cozy bonus room that could be used as an office, playroom, or an additional living area. Large backyard with plenty of room to entertain, pets to roam, & a couple of storage sheds. Updates include fresh paint inside & out, laminate flooring in middle & master bedrooms, replaced furnace 2019, sod in the front yard, & a new roof 2022.

Investor Tools

Property Icon
$268,500
Estimated Property Value
$294,897Estimated Mortgage Balance
$0Estimated Equity
-10% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,650 /month
Positive
Cash Flow Estimate:
$550 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$391/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,353
$268,500
2025
$42,500
$226,000
$268,500
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,353
$268,500

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Trusted Mortgage Capital In
Va
$294,897
Yes
First
Dec 17, 2024
Jan 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$287,478
N/A
0%
107%
$1,769/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,927/mo
$1,769/mo
+$158/mo
8.6%

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Fort Worth

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2940 May St | Property Details | No Agent List