$262,702
NAL Estimated Property Value5044 Fairfax Street, Fort Worth, TX, 76116
Off Market
Property Lead Type:
Off-Market ListHigh Equity
Highlights
Interior
AppliancesGas Cooktop
FlooringCeramic Tile, Laminate
Exterior
Lot Size8,198 sqft
Building Information
Year Built1951
Stories1
Garage Spaces1
Land Information
APN34410-42-12
Lot Number12
SubdivisionRidglea West Addition
Land UseResidential
Legal DescriptionRIDGLEA WEST ADDITION BLOCK 42 LOT 12
Census Tract102302
Assessed Land Value$20,000
Assessed Improvement Value$242,702
Assessment Year2025
About this property
Come see this charming 3 bed, 2 bath recently updated and located in a very peaceful neighborhood. The house features, granite countertops, laminate tiles throughout, the garage was converted into a third bedroom, an extra room that can be used as an office or a game room. A very specious backyard with access for cars through the back gate. A double carport located in the front part of the house. Only miles away from Benbrook Lake and shopping center and malls.
Investor Tools
$262,702
Estimated Property Value
$183,934Estimated Mortgage Balance
$78,768Estimated Equity
29% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,576 /month
Positive
Cash Flow Estimate:
$525 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$601/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,895
$262,702
2025
$20,000
$242,702
$262,702
No
Tax History
Year
Tax Paid
Assessed Value
2024
$5,895
$262,702
Mortgage Details
Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Prosperity Bank
Conventional
$201,420
No
First
Oct 12, 2021
Nov 2051
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$183,934
$78,768
29%
70%
$1,208/mo
Rental Potential
Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,927/mo
$1,208/mo
+$719/mo
8.8%
