B+

NoAgentList RatingHow are grades calculated?

1view

Owner Contacts

$506,000

NAL Estimated Property Value

5009 Shelly Ray Rd, Fort Worth, TX, 76244

Off Market

5 Beds

4 Bath

3,646 Sq Ft

Single Family Residence

$142.62 / sqft

Built in 2006

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 5

Bathrooms Full 2

Garage Available

Heating Central

Cooling

AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Microwave, Vented Exhaust Fan

FlooringCarpet, Tile

Exterior

Exterior FeaturesRain Gutters

Lot Size8,394 sqft

Building Information

Year Built2006

Stories2

Garage Spaces2

Land Information

APN23749-2-3

Lot Number3

SubdivisionLee Rays Place

Land UseResidential

Legal DescriptionLEE RAYS PLACE BLOCK 2 LOT 3

Census Tract113949

Assessed Land Value$90,000

Assessed Improvement Value$292,000

Assessment Year2025

About this property

Happiness awaits you in this immaculate, wide open concept home. This home sits near the top of a hill and has a beautiful backyard view of the Texas Suburban Horizon. Spacious bedrooms and living areas, vaulted and volume ceilings and wide access points make this a visual treat. Well appointed kitchen is open to the family room and boasts beautiful hardwood cabinets with granite countertops, gas cooktop and vented range hood. Relax and enjoy the beauty of the family room fireplace with raised stone hearth and floor to ceiling stone fireplace surround. Principle bedroom is separate from the other rooms which are all spacious and roomy. Sit on the back covered patio with extended open patio and enjoy the large grassy back yard and the unobstructed view across the horizon. The home is functional and fun. Close to shopping, sought after Keller ISD schools and commutes. Come and see how this lovely home works for your lifestyle. CANCELLED OPEN HOUSE SATURDAY, JUNE 10, 1-3 PM.

Investor Tools

$506,000

Estimated Property Value

$0Estimated Mortgage Balance

$506,000Estimated Equity

100% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$3,120 /month

Positive

Cash Flow Estimate:

$1,040 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$941/month

$265/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$8,762

$382,000

2025

$90,000

$292,000

$382,000

Tax History

Year

Tax Paid

Assessed Value

2024

$8,762

$382,000

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

N/A

$506,000

100%

$0/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,880/mo

$265/mo

+$2,615/mo

6.8%

Learn About the Market: Opportunity in Fort Worth

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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.

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