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$550,000

3204 Waits Ave, Fort Worth, TX, 76109

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,538 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$344.6 / sqft
Year BuiltBuilt in 1936

Property Lead Type:

Absentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesBuilt-In Gas Range, Dishwasher, Disposal, Gas Cooktop, Refrigerator

Exterior

Lot Size6,247 sqft

Building Information

Year Built1936
Stories1

Land Information

APN45450-6-21
Lot Number21
SubdivisionWeatherford, P R Addition
Land UseResidential
Legal DescriptionWEATHERFORD, P R ADDITION BLOCK 6 LOT 21
Census Tract104301
Assessed Land Value$187,500
Assessed Improvement Value$264,230
Assessment Year2025

About this property

Multiple offers received. Offers due by Sunday, February 22nd at 5 PM. PRIME TCU LOCATION! Fully renovated 1930s cottage two blocks from TCU Campus. This charming 3-bedroom, 2-full bath home blends timeless character with thoughtful modern updates. The spacious living room presents an open-concept ideal for everyday living. Beautifully renovated by Restoration Homes in 2023, the custom kitchen features an oversized island, custom cabinetry, stainless steel appliances, gas range, and pendant lighting. The large utility room has abundant counter space, custom built-ins, designer tile, and easy access to the screened-in patio. The gorgeous primary ensuite bath includes a walk-in shower, designer tile, and large walk-in closet. Two additional bedrooms share a spacious bath with dual sinks, built-in cabinetry, and ample storage. Exceptional upgrades include refinished hardwoods, recessed lighting, some updated plumbing and electrical, newer roof, some windows replaced, and blinds. Enjoy game days and tailgating just steps from Texas Christian University, with walkable access to Amon G. Carter Stadium, plus nearby restaurants, shops, and grocery. Property is leased through May 2026.

Investor Tools

Property Icon
$550,000
Estimated Property Value
$0Estimated Mortgage Balance
$550,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,300 /month
Positive
Cash Flow Estimate:
$1,100 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,074/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,136
$451,730
2025
$187,500
$264,230
$451,730
No

Tax History

Year
Tax Paid
Assessed Value
2024
$10,136
$451,730

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$550,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,140/mo
N/A
+$2,140/mo
4.7%

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.

Explore Texas Explore This Area
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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3204 Waits Ave | Property Details | No Agent List