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$453,000

NAL Estimated Property Value

5140 Leeray Rd, Fort Worth, TX, 76244

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,389 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$173.71 / sqft
Year BuiltBuilt in 2007

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, Disposal, Electric Oven, Gas Cooktop, Gas Water Heater, Vented Exhaust Fan
FlooringCarpet, Ceramic Tile, Concrete

Exterior

Lot Size10,263 sqft

Building Information

Year Built2007
Stories1
Garage Spaces2

Land Information

APN23749-4-11
Lot Number11
SubdivisionLee Rays Place
Land UseResidential
Legal DescriptionLEE RAYS PLACE BLOCK 4 LOT 11
Census Tract113949
Assessed Land Value$90,000
Assessed Improvement Value$294,027
Assessment Year2025

About this property

Adorable 3 bedroom, 2 bath home with 2 office spaces in Keller ISD. Open and spacious, this floorplan is perfect for working from home. It has one private office at the front of the house and a bonus room attached to the primary bedroom that can be an office or private sitting area. 10 foot ceilings throughout give this home a roomy feeling. Etched and stained concrete flooring in the entry and dining room shows a custom look and feel. The bedrooms are large with walk-in closets. Enjoy your family or entertain guests in the large family room wide open to the kitchen, nook, and dining room. Lots of windows gives you great natural light for a light bright feel. The pie shaped lot provides a lovely area for back yard landscaping and wide open large grassy areas. The back yard is very private and the patio is shaded. NEW ROOF Oct 2023. Keller ISD and close to commutes, shopping and entertainment. This is the one you've been looking for. Come and see for yourself.

Investor Tools

Property Icon
$453,000
Estimated Property Value
$99,042Estimated Mortgage Balance
$353,958Estimated Equity
78% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,718 /month
Positive
Cash Flow Estimate:
$906 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$748/month
$265/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,711
$384,027
2025
$90,000
$294,027
$384,027
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,711
$384,027

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Amcap Mortgage Ltd
Conventional
$103,750
No
First
Nov 29, 2023
Dec 2038

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$99,042
$353,958
78%
22%
$623/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,880/mo
$888/mo
+$1,992/mo
7.6%

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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5140 Leeray Rd | Property Details | No Agent List