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$172,000

NAL Estimated Property Value

5120 Locke Ave, Fort Worth, TX, 76107

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths871 Sq Ft
price_per_sqft$195.18 / sqft
Year BuiltBuilt in 1925

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Heating CentralHeating Central
CoolingCooling
AppliancesNone

Exterior

Lot Size6,247 sqft

Building Information

Year Built1925
Stories1

Land Information

APN-6980--131---29---20
Lot Number29-30
SubdivisionChamberlain Arlington Hts 1st
Land UseResidential
Legal DescriptionCHAMBERLAIN ARLINGTON HTS 1ST BLOCK 131 LOT 29 & 30
Census Tract102601
Assessed Land Value$40,000
Assessed Improvement Value$110,000
Assessment Year2025

About this property

Great location! 2 bedroom with 1 bath, in highly desired area of Chamberlain Arlington Heights. Come take a look at this move-in ready ideal starter house or investment property. HVAC system 1 year old. New floors in living room and kitchen. Electrical, plumbing, and central HVAC are all in good shape. Current tenant in place until the end of the year, then will go month to month. Whether you're a seasoned investor seeking your next income stream or a future homeowner ready to customize your space, seize this opportunity! Selling as-is. Cash or conventional only. Home next door, 5124 Locke is also for sale (separately). Appliances are excluded from sale.

Investor Tools

Property Icon
$172,000
Estimated Property Value
$0Estimated Mortgage Balance
$172,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,032 /month
Positive
Cash Flow Estimate:
$344 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$352/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,366
$150,000
2025
$40,000
$110,000
$150,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,366
$150,000

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$172,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,530/mo
N/A
+$1,530/mo
10.7%

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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5120 Locke Ave | Property Details | No Agent List