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$256,000

NAL Estimated Property Value

3608 Venice Drive, North Richland Hills, TX, 76180

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,451 Sq Ft
price_per_sqft$113.71 / sqft
Year BuiltBuilt in 1958

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesElectric Cooktop, Electric Oven, Electric Range, Vented Exhaust Fan
FlooringCarpet, Laminate

Exterior

Exterior FeaturesStorage
Lot Size10,759 sqft

Building Information

Year Built1958
Stories1
Garage Spaces2

Land Information

APN34130-13-29
Lot Number29
SubdivisionRichland Hills West Addition
Land UseResidential
Legal DescriptionRICHLAND HILLS WEST ADDITION BLOCK 13 LOT 29
Census Tract113206
Assessed Land Value$51,141
Assessed Improvement Value$168,859
Assessment Year2025

About this property

Estate property sold as is w tons of potential for this one story home located right off Boulevard 26 & Rufe Snow Dr. Roof was just replaced 10-13 by Deluxe Roofing w a Certainteed Max Definition shingle roof w warranty. Great location with easy access to downtown Fort Worth and nearby Highways. Hall bathroom has been redone with easy access, super deep, walk in soaking tub. Fresh carpet installed through out the entire home. Wood paneled walls have drywall behind them. Foundation has been repaired by PermaLift Foundation Repair Systems. All foundation work done meets or exceeds the intent of 2018 IRC Building code. Unlevel slab areas can be leveled w Ardex or 2 part, high strength, self leveling epoxy.

Investor Tools

Property Icon
$256,000
Estimated Property Value
$118,692Estimated Mortgage Balance
$137,308Estimated Equity
53% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,536 /month
Positive
Cash Flow Estimate:
$512 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$574/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,611
$220,000
2025
$51,141
$168,859
$220,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,611
$220,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Texas Bank Financial
Conventional
$132,000
No
First
Feb 2, 2021
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$118,692
$137,308
53%
46%
$792/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,160/mo
$792/mo
+$1,368/mo
10.1%

City: North Richland Hills