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$405,000

NAL Estimated Property Value

4940 Chaps Ave, Fort Worth, TX, 76244

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,383 Sq Ft
price_per_sqft$188.42 / sqft
Year BuiltBuilt in 2004

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Electric Water Heater, Microwave
FlooringCarpet, Ceramic Tile, Vinyl

Exterior

Private PoolPrivate Pool
Exterior FeaturesRain Gutters, Lighting, Storage
Lot Size5,249 sqft

Building Information

Year Built2004
Stories2
Garage Spaces2

Land Information

APN8537M-11-2
Lot Number2
SubdivisionCoventry Hills Addition
Land UseResidential
Legal DescriptionCOVENTRY HILLS ADDITION BLOCK 11 LOT 2
Census Tract113946
Assessed Land Value$60,000
Assessed Improvement Value$329,000
Assessment Year2025

About this property

OVER $200K IN IMPROVEMENTS! That could all be yours!!! This stunning, 4 bedroom 3 FULL bath, one-owner MULTI-GENERATIONAL HOME in Keller ISD is built for luxury, comfort and design and is priced to sell. Featuring TWO spacious PRIMARY SUITES, it’s perfect for multi-generational living or hosting guests, allowing for plenty of privacy and space. The recently re-surfaced HEATED pool and spa offer year-round use and relaxation or just sitting by the pool under the upgraded Cedar Patio with Electricity and Fan, while inside, updates abound: a remodeled Kitchen with KraftMaid Cabinets, Granite, Decorative Lighting, New Tile in High Traffic Areas, Cordless Blinds throughout, Plantation shutters in the front of the home that are complementing the new Window World Windows and Doors. Both HVAC units have been replaced, with energy-efficient Honeywell thermostats added. The garage is winter-ready with insulation, custom cabinets, heating, and DUAL 220 plugs with Surge Protectors!. The home also includes upgraded American Standard toilets, Smart Home capabilities, Remote Control Fans and SELLER-PAID solar panels at closing for energy savings. Also enjoy the Year-round charm by enhanced built-in trim lights (Similar to Jellyfish style lights), eliminating the hassle of putting up and taking down seasonal lighting. The Upstairs Area can be used for either a Gameroom-Loft or Additional Living Space as the area has so many possibilities. Let's not forget the TWO Wood-burning fireplaces in the home to offer both comfort and heat throughout the winter months. With its thoughtful upgrades and dual primary suites, this home is an extraordinary find for families! This home is just waiting for YOU as it is MOVE-In Ready and waiting for you to come create new memories! This area is very conveniently located to both 35, 820 and 377 and close to shopping and within walking distance to schools!

Investor Tools

Property Icon
$405,000
Estimated Property Value
$187,753Estimated Mortgage Balance
$217,247Estimated Equity
53% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,694 /month
Positive
Cash Flow Estimate:
$898 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$739/month
$28/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,839
$389,000
2025
$60,000
$329,000
$389,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,839
$389,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Rocket Mortgage Llc
Conventional
$192,000
No
First
Feb 26, 2025
Mar 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$187,753
$217,247
53%
46%
$1,152/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,570/mo
$1,180/mo
+$2,390/mo
10.6%

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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4940 Chaps Ave | Property Details | No Agent List