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$274,758

NAL Estimated Property Value

3108 Clovermeadow Dr, Fort Worth, TX, 76123

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,775 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1.13 / sqft
Year BuiltBuilt in 1988

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Electric Water Heater
FlooringCeramic Tile, Vinyl

Exterior

Lot Size6,678 sqft

Building Information

Year Built1988
Stories1
Garage Spaces2

Land Information

APN25405-9-43R1
Lot Number43R1
SubdivisionMeadow Creek #1 Addition
Land UseResidential
Legal DescriptionMEADOW CREEK #1 ADDITION BLOCK 9 LOT 43R1
Census Tract111025
Assessed Land Value$35,000
Assessed Improvement Value$239,758
Assessment Year2025

About this property

Super clean, well maintained home. Updated floors and countertops. Light and airy with large windows. 3-2-2 with a bonus room that could be an office, playroom, or additional sleeping space. Primary bedroom has 2 walk in closets, separate tub and shower. Concrete pad in back yard would be a great place for a grill. Established neighborhood with mature trees. Close to elementary school, shopping and dining. Ready for immediate occupancy. Qualifications for home: no criminal history for any occupant, all occupants 18 years + must fill out an application and supply all supporting documents, no evictions against any occupant, no cats - no exceptions! Must have a great rental history for a minimum of 3 years consecutively, must have a 3 year employment history, if self employed - must be self employed a minimum of 5 years and provide all tax returns requested. Thorough background check and approval process will be completed before any lease signing. Tenants are responsible for all yard maintenance, ac filter changes monthly, all utilities and general maintenance and upkeep of home. Home will be sprayed for pest prior to move in, after that, it is tenant responsibility to maintain pest control. Landlord will ensure all light bulbs are working, all mechanical equipment is working prior to move in. After move in, tenant is responsible for replacing all light bulbs, if they burn out. Approval process does require proof that tenant has occupied a residential home before and understands the maintenance requirements for home.

Investor Tools

Property Icon
$274,758
Estimated Property Value
$100,156Estimated Mortgage Balance
$174,602Estimated Equity
63% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,649 /month
Positive
Cash Flow Estimate:
$550 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$672/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,695
$274,758
2025
$35,000
$239,758
$274,758
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,695
$274,758

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Simmons Bank
Conventional
$113,430
No
First
May 27, 2020
Jun 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$100,156
$174,602
63%
36%
$681/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,880/mo
$681/mo
+$2,199/mo
12.6%

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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3108 Clovermeadow Dr | Property Details | No Agent List