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$93,000

NAL Estimated Property Value

5063 Ridglea Lane 1005, Fort Worth, TX, 76116

Off MarketInfo
Beds1 Beds
Baths1 Bath
Baths858 Sq Ft
price_per_sqft$93.24 / sqft
Year BuiltBuilt in 1968

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 1Bathrooms Full 1
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Range, Refrigerator
FlooringCarpet, Other

Building Information

Year Built1968

Land Information

APN-7790C---B--1005
Lot Number1005
SubdivisionColonial Gardens Condominiums
Land UseResidential
Legal DescriptionCOLONIAL GARDENS CONDOMINIUMS BLOCK B LOT 1005 & 2.38% OF COMMON AREA
Census Tract102401
Assessed Land Value$15,000
Assessed Improvement Value$35,000
Assessment Year2025

About this property

**Back on the Market Financing Fell Through**Nice and large recently remodeled 1 br condo in the much sought after Ridglea area. Great for a single person or couple, an Air BnB or an investment property. Centrally located between I-20 and I-30. Minutes from the Clear Fork Shops, Sam's Club, Hulen Mall and a number of nice restaurants. Condo recently appraised for $80k. Cash Buyers Only.

Investor Tools

Property Icon
$93,000
Estimated Property Value
$52,241Estimated Mortgage Balance
$40,759Estimated Equity
43% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$558 /month
Positive
Cash Flow Estimate:
$186 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$183/month
$188/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,728
$50,000
2025
$15,000
$35,000
$50,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,728
$50,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Annette Davis
Seller Carryback / Seller Financing / Seller Take-Back
$55,000
No
First
Aug 31, 2023
Sep 2026

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$52,241
$40,759
43%
56%
$330/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,234/mo
$518/mo
+$716/mo
15.9%

City: Fort Worth

5063 Ridglea Lane 1005 | Property Details | No Agent List