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$319,000

$324,900

316 E Drew St, Fort Worth, TX, 76110

On MarketInfo
Price DropInfo
Beds4 Beds
Baths2 Bath
Baths1,608 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$198.38 / sqft
Year BuiltBuilt in 2026

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 1Bathrooms Full 1
AppliancesDishwasher, Disposal, Electric Oven, Microwave

Exterior

Lot Size5,998 sqft

Building Information

Year Built1949
Stories1
Garage Spaces2

Land Information

APN39010-11-5
Lot Number5
SubdivisionSmith, J S Addition
Land UseResidential
Legal DescriptionSMITH, J S ADDITION BLOCK 11 LOT 5
Census Tract104503
Assessed Land Value$36,000
Assessed Improvement Value$31,541
Assessment Year2025

About this property

NEW OWNER WILL ONLY PAY PROPERTY TAX ON THE LAND VALUE FOR THE FIRST 5 YEARS!!! Take a look at this beautifully designed new construction home offering over 1,600 square feet of modern living space in the heart of Fort Worth. This two-story residence features 4 spacious bedrooms, 2.5 bathrooms, and a thoughtfully designed open-concept floor plan ideal for both everyday living and entertaining. The main living area flows seamlessly into the kitchen and dining spaces, creating a bright and inviting atmosphere, enhanced by an electric wall-mounted fireplace with LED color-changing lights that adds warmth and ambiance to the home. The private primary suite provides a comfortable retreat, while three additional bedrooms offer flexibility for family, guests, or a home office. Situated on a generous 6,000-square-foot lot, the property includes a two-car garage and ample outdoor space for recreation, gardening, or future customization. Adding even more value, this home qualifies for a 5-year property tax abatement, helping reduce ownership costs during the first several years. Buyers will also enjoy peace of mind with a Professional 1-2-10 Builder's Warranty, providing added protection and confidence in their investment. Best of all, there is no HOA, giving homeowners greater freedom and flexibility. Conveniently located near I-35, shopping, dining, schools, and employment centers, this move-in-ready home combines modern construction, functionality, and exceptional value. Don't miss the opportunity to own a brand-new home in one of Fort Worth's thriving communities.

Investor Tools

$194,966Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,914 /month
Positive
Cash Flow Estimate:
$638 /month

Interested in this property?

Porsha Burns

LPT Realty, LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$184/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,479
$67,541
2025
$36,000
$31,541
$67,541
Yes (2023)

Tax History

Year
Tax Paid
Assessed Value
2025
$1,479
$67,541

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cl Fund 3 Llc
Building Or Construction Loan
$196,680
No
First
Dec 19, 2025
Jan 2027

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$194,966
N/A
0%
133%
$1,180/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,456/mo
$1,180/mo
+$276/mo
11.9%

Learn About the Market: Opportunity in Fort Worth

Local Market Pages
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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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