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$204,000

NAL Estimated Property Value

3200 Lee Ave, Fort Worth, TX, 76106

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths1,220 Sq Ft
price_per_sqft$127.05 / sqft
Year BuiltBuilt in 1951

Property Lead Type:

Off-Market ListAbsentee OwnerVacant Homes

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesGas Oven

Exterior

Lot Size6,996 sqft

Building Information

Year Built1951
Stories1
Garage Spaces1

Land Information

APN12600--100---23---20
Lot Number23,24
SubdivisionEllis, M G Addition
Land UseResidential
Legal DescriptionELLIS, M G ADDITION BLOCK 100 LOT 23 BLK 100 LOTS 23 & 24
Census Tract100300
Assessed Land Value$49,000
Assessed Improvement Value$149,300
Assessment Year2025

About this property

Discover a prime investment opportunity with this delightful 2-bedroom, 1-bathroom home, perfectly situated on an oversized corner lot. Boasting a fantastic location, this property offers a myriad of features sure to attract tenants and investors alike.This gem won't stay on the market for long! Seize the opportunity to invest in a property that combines charm, convenience, and exceptional potential. Contact us today to schedule a viewing and secure your next investment.

Investor Tools

Property Icon
$204,000
Estimated Property Value
$150,006Estimated Mortgage Balance
$53,994Estimated Equity
26% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,224 /month
Positive
Cash Flow Estimate:
$408 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$105/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$245
$198,300
2025
$49,000
$149,300
$198,300
No

Tax History

Year
Tax Paid
Assessed Value
2024
$245
$198,300

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Neighborhood Loans
Conventional
$154,850
No
First
Aug 13, 2024
Sep 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$150,006
$53,994
26%
74%
$929/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,927/mo
$929/mo
+$998/mo
11.3%

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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3200 Lee Ave | Property Details | No Agent List