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$289,000

NAL Estimated Property Value

3405 Montego Bay Ln, Fort Worth, TX, 76123

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,491 Sq Ft
price_per_sqft$201.21 / sqft
Year BuiltBuilt in 2023

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Half 2Bathrooms Half 2
AppliancesDishwasher
FlooringTile

Exterior

Lot Size5,445 sqft

Building Information

Year Built2023
Garage Spaces2

Land Information

APN33347-17-23
Lot Number23
SubdivisionRainbow Ridge Addition
Land UseResidential
Legal DescriptionRAINBOW RIDGE ADDITION BLOCK 17 LOT 23
Census Tract111023
Assessed Land Value$80,000
Assessed Improvement Value$184,053
Assessment Year2025

About this property

Discover this charming and affordable 1-year-old home located in the welcoming community of Rainbow Ridge! This home offers 1,891 sq ft of comfortable living space, featuring 3 spacious bedrooms and 2 modern bathrooms, perfect for families or those looking for extra room. As you step inside, you'll find an open-concept layout that seamlessly integrates the living, dining, and kitchen areas, creating an ideal space for entertaining and everyday living. The kitchen is equipped with contemporary appliances and ample counter space, making meal prep a breeze. The master suite is a serene retreat, complete with an ensuite bathroom for added convenience. The additional bedrooms are generously sized, providing plenty of space for family, guests, or a home office. A 2-car garage ensures ample storage and parking, while the backyard offers a great space for outdoor activities or relaxing. Located in a friendly neighborhood, this home is close to local amenities, schools, and parks, making it a perfect choice for those seeking a vibrant community.

Investor Tools

Property Icon
$289,000
Estimated Property Value
$282,509Estimated Mortgage Balance
$6,491Estimated Equity
2% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,800 /month
Positive
Cash Flow Estimate:
$600 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$780/month
$165/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,913
$264,053
2025
$80,000
$184,053
$264,053
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,913
$264,053

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United Wholesale Mortgage
Fha
$295,447
Yes
First
Dec 8, 2023
Jan 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$282,509
$6,491
2%
98%
$1,772/mo

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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3405 Montego Bay Ln | Property Details | No Agent List