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$388,938

NAL Estimated Property Value

3405 Covert Ave, Fort Worth, TX, 76133

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,542 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$143.59 / sqft
Year BuiltBuilt in 1955

Property Lead Type:

BankruptcyOff-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Oven, Electric Water Heater, Gas Cooktop, Microwave, Double Oven, Vented Exhaust Fan
FlooringCarpet, Ceramic Tile

Exterior

Exterior FeaturesRain Gutters
Lot Size10,197 sqft

Building Information

Year Built1955
Stories1
Garage Spaces2

Land Information

APN39460-38-7
Lot Number7
SubdivisionSouth Hills Addition
Land UseResidential
Legal DescriptionSOUTH HILLS ADDITION BLOCK 38 LOT 7
Census Tract105600
Assessed Land Value$40,000
Assessed Improvement Value$348,938
Assessment Year2025

About this property

Welcome Home! Experience the warmth of this delightful single-story situated in a well-established neighborhood shaded by mature trees. Step into a tastefully updated interior featuring fresh paint, recessed lighting & new flooring in the main living areas. The kitchen is a highlight, featuring quartz countertops, stainless steel appliances & a spacious island. Additional amenities include a stylish lighting fixture, a contemporary vent hood, a farmhouse sink & a convenient beverage fridge. With three bedrooms, two & a half baths & an expansive living room overlooking the backyard, there's plenty of space for relaxation. The dreamy laundry room boasts beautiful countertops, a utility sink, built-in cabinets & elegant patterned tile floors. Outside, enjoy a covered patio, lush lawn & a powered shed perfect for storage or hobbies. Conveniently located near downtown Fort Worth & TCU, with easy access to dining, shopping & entertainment. This is an opportunity you don't want to miss!

Investor Tools

Property Icon
$388,938
Estimated Property Value
$364,372Estimated Mortgage Balance
$24,566Estimated Equity
6% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,334 /month
Positive
Cash Flow Estimate:
$778 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$708/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,556
$388,938
2025
$40,000
$348,938
$388,938
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,556
$388,938

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Umortgage Llc
Unknown
$377,955
No
First
May 29, 2024
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$364,372
$24,566
6%
94%
$2,267/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,020/mo
$2,267/mo
$-247/mo
6.2%

City: Fort Worth

3405 Covert Ave | Property Details | No Agent List