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$314,000

NAL Estimated Property Value

517 Karnes St, Fort Worth, TX, 76111

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,373 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$233.07 / sqft
Year BuiltBuilt in 1941

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
AppliancesDishwasher, Disposal, Electric Range, Microwave

Exterior

Lot Size7,497 sqft

Building Information

Year Built1941
Stories1
Garage Spaces1

Land Information

APN-6530----4----9---20
Lot Number9,10
SubdivisionCarson's Subdivision
Land UseResidential
Legal DescriptionCARSON'S SUBDIVISION BLOCK 4 LOT 9 BLK 4 LOTS 9 & 10
Census Tract101202
Assessed Land Value$37,500
Assessed Improvement Value$162,000
Assessment Year2025

About this property

Spacious 4-Bedroom Home Near Downtown Fort Worth This 4-bedroom, 2-bath home offers the perfect combination of space and convenience. Located just minutes from downtown Fort Worth, it’s ideally situated down the street from St. George Catholic School, Riverside Community Center, Sylvania Park, and Walmart. Enjoy a quick 6-minute drive to downtown or 9 minutes to the Fort Worth Stockyards, while still enjoying the calm of a residential neighborhood. The home features a massive backyard, perfect for cookouts, gatherings, or any outdoor activities. A generously sized unpaved driveway can accommodate roughly 8-10 vehicles has a width for two cars side by side while still having a generous amount of space on the sides. The property also includes a 1-car detached garage, currently used as storage but easily convertible back to its original use. Please note it is a manual lift door. Garage size is ideal for a standard-sized sedan. With its great location, ample space, and endless possibilities, this home is a fantastic opportunity for its next owner! Please note home sits on two lots.

Investor Tools

Property Icon
$314,000
Estimated Property Value
$188,899Estimated Mortgage Balance
$125,101Estimated Equity
39% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,920 /month
Positive
Cash Flow Estimate:
$640 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$524/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,712
$199,500
2025
$37,500
$162,000
$199,500
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,712
$199,500

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Ocmbc Inc
Conventional
$195,000
No
First
Aug 2, 2024
Sep 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$188,899
$125,101
39%
60%
$1,170/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,927/mo
$1,170/mo
+$757/mo
7.4%

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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517 Karnes St | Property Details | No Agent List