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$222,000

NAL Estimated Property Value

509 N Riverside Dr, Fort Worth, TX, 76111

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,259 Sq Ft
price_per_sqft$158.86 / sqft
Year BuiltBuilt in 1927

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Cooktop, Electric Oven
FlooringCarpet, Laminate

Exterior

Lot Size5,750 sqft

Building Information

Year Built1927
Stories1
Garage Spaces1

Land Information

APN27160-3-3-10
Lot Number3
SubdivisionMc Adams Addition
Land UseResidential
Legal DescriptionMC ADAMS ADDITION BLOCK 3 LOT 3 3 LESS E 10' BLK 3
Census Tract101202
Assessed Land Value$28,750
Assessed Improvement Value$146,250
Assessment Year2025

About this property

Outstanding location Close to shops, schools....Must see. Cute backyard Per Fort Worth zoning This property can be used for residential use or be used for Neighbor Commercial If property is used for residential owner can do updates but cannot change the square foortage. No structual changes can be added. Buyer to verify thru Fort worth zoning. This home has a detached building that can used for a gagrage or another living area or storage.

Investor Tools

Property Icon
$222,000
Estimated Property Value
$129,990Estimated Mortgage Balance
$92,010Estimated Equity
41% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,332 /month
Positive
Cash Flow Estimate:
$444 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$453/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,326
$175,000
2025
$28,750
$146,250
$175,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,326
$175,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Guaranty Bank & Trust Na
Unknown
$140,000
No
First
Jul 26, 2022
Aug 2032

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$129,990
$92,010
41%
59%
$840/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,927/mo
$840/mo
+$1,087/mo
10.4%

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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509 N Riverside Dr | Property Details | No Agent List