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$341,000

NAL Estimated Property Value

405 Shadow Grass Ave, Fort Worth, TX, 76120

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,979 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$189.49 / sqft
Year BuiltBuilt in 2004

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Microwave
FlooringCarpet, Ceramic Tile, Simulated Wood, Vinyl

Exterior

Lot Size6,294 sqft

Building Information

Year Built2004
Stories1
Garage Spaces2

Land Information

APN24669-1-45
Lot Number45
SubdivisionMallard Cove
Land UseResidential
Legal DescriptionMALLARD COVE BLOCK 1 LOT 45
Census Tract106526
Assessed Land Value$50,000
Assessed Improvement Value$251,602
Assessment Year2025

About this property

This property is one of the few homes in this neighborhood backing to Mallard Cove Park. Enjoy the privacy and greenery the trees of this park provide from your covered patio in the back of the home. This home is move in ready and has it all! The homeowners have maintained it so well and done important upgrades along the way. The wood like floors are a super nice update that draw you in from the moment you enter the home. It makes clean up a breeze as well. The kitchen has also been updated with white cabinets, SS appliances, large copper colored undermount sink, and luxurious quartzite countertops. The bedrooms and study all have fresh carpet March 2024. This home has an open floor plan, split bedrooms, and 2 large living areas. The 4th bedroom is currently being used as a study. The primary retreat has dual sinks, soaking tub, shower, and walk in closet. The park entrance is nearby and it is super convenient to access the walking trails and enjoy the lush greenery and water.

Investor Tools

Property Icon
$341,000
Estimated Property Value
$318,141Estimated Mortgage Balance
$22,859Estimated Equity
6% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,250 /month
Positive
Cash Flow Estimate:
$750 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$473/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,968
$301,602
2025
$50,000
$251,602
$301,602
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,968
$301,602

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United Wholesale Mortgage
Conventional
$330,000
No
First
May 1, 2024
Jun 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$318,141
$22,859
6%
93%
$1,979/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,927/mo
$1,979/mo
$-52/mo
6.8%

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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405 Shadow Grass Ave | Property Details | No Agent List