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$108,000

NAL Estimated Property Value

5065 Ridglea Lane 1012, Fort Worth, TX, 76116

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,300 Sq Ft
price_per_sqft$50 / sqft
Year BuiltBuilt in 1968

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Range, Refrigerator
FlooringCarpet, Ceramic Tile

Exterior

Exterior FeaturesBalcony

Building Information

Year Built1968

Land Information

APN-7790C---B--1012
Lot Number1012
SubdivisionColonial Gardens Condominiums
Land UseResidential
Legal DescriptionCOLONIAL GARDENS CONDOMINIUMS BLOCK B LOT 1012 & 3.61% OF COMMON AREA
Census Tract102401
Assessed Land Value$15,000
Assessed Improvement Value$81,154
Assessment Year2025

About this property

Great Investment Property! Long-term tenant occupied, currently leased until May 2021, preferably longer if possible. Spacious 2 bedroom, 2 bath condo in gated community. Large open living and dining area. Galley kitchen with Gas stove and refrigerator. Currently rents for 850. Showings allowed after accepted offer.

Investor Tools

Property Icon
$108,000
Estimated Property Value
$0Estimated Mortgage Balance
$108,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$648 /month
Positive
Cash Flow Estimate:
$216 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$226/month
$195/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,174
$96,154
2025
$15,000
$81,154
$96,154
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,174
$96,154

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$108,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,456/mo
$195/mo
+$1,261/mo
16.2%

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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