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Owner Contacts

$307,000

NAL Estimated Property Value

3305 Phoenix Dr, Fort Worth, TX, 76116

Off Market

3 Beds

3 Bath

2,134 Sq Ft

$140.11 / sqft

Built in 1955

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3

Bathrooms Full 2

Heating Central

Cooling

AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Electric Range, Gas Water Heater, Refrigerator, Vented Exhaust Fan

FlooringCarpet, Ceramic Tile, Vinyl

Exterior

Exterior FeaturesRain Gutters, Private Yard, Storage, Uncovered Courtyard, Garden

Lot Size11,983 sqft

Building Information

Year Built1955

Stories1

Land Information

APN46065-1-2

Lot Number2

SubdivisionWestern Hills Addition Sec I

Land UseResidential

Legal DescriptionWESTERN HILLS ADDITION SEC I BLOCK 1 LOT 2

Census Tract105201

Assessed Land Value$35,000

Assessed Improvement Value$214,850

Assessment Year2025

About this property

Move in Ready Meticulous Midcentury on a large lot awaits new owners! Mature trees & a front porch welcome you into this grand open concept flex plan. The large kitchen with original custom cabinetry, vaulted beamed ceiling, casual dining, bar seating & spacious prep area exude charm. The formal living or dining is perfect for entertaining guests. The main living area has a gas start floor to ceiling fireplace with custom built ins & sunny disposition. Easy access to the large patio & park sized yard with electric fed storage building makes this the perfect oasis. The converted garage is an ideal 3rd living or home studio with custom built ins, mud room & its own private bath. The master en suite has room for king bed & a walk in shower. Secondary beds are all large with ample storage. 2023 new LVP in master & hall bath. 2022 GL Hunt repaired foundation. 2020 new skylight, water heater, dishwasher & fixtures. 2018 New floors in utility, kitchen, living & entry. See upgrade list!

Investor Tools

$307,000

Estimated Property Value

$268,884Estimated Mortgage Balance

$38,116Estimated Equity

12% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,842 /month

Positive

Cash Flow Estimate:

$614 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$463/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$4,017

$249,850

2025

$35,000

$214,850

$249,850

Tax History

Year

Tax Paid

Assessed Value

2024

$4,017

$249,850

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

American Bank Of Commerce

Conventional

$284,050

First

Jun 8, 2023

Jul 2053

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$268,884

$38,116

12%

88%

$1,704/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,927/mo

$1,704/mo

+$223/mo

7.5%

Learn About the Market: Opportunity in Fort Worth

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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.

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