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$390,000

NAL Estimated Property Value

5501 Milford Drive, Fort Worth, TX, 76137

Off MarketInfo
LeaseInfo
Beds3 Beds
Baths3 Bath
Baths2,321 Sq Ft
price_per_sqft$0.8 / sqft
Year BuiltBuilt in 2000

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesGas Cooktop, Microwave
FlooringCarpet, Ceramic Tile, Laminate

Exterior

Exterior FeaturesRain Gutters
Lot Size6,599 sqft

Building Information

Year Built2000
Stories2
Garage Spaces2

Land Information

APN31789-5-41
Lot Number41
SubdivisionParkway At Park Glen Addition
Land UseResidential
Legal DescriptionPARKWAY AT PARK GLEN ADDITION BLOCK 5 LOT 41
Census Tract113920
Assessed Land Value$75,000
Assessed Improvement Value$197,500
Assessment Year2025

About this property

Newly upgraded 3 bedrooms home in a quiet neighborhood. Minutes away from the top ranking schools. Upgraded laminate floor in all common area and two bedrooms downstairs. All bathrooms updated with granite counter top. Open layout with elegant design, high ceiling, large family room, formal dinning and so much more. Granite counters and black appliances in kitchen. Spacious master & master bath on first floor with large closet. Upstairs has enormous game room and loft area overlooking first floor living area. Large backyard with concrete floor and wood covered patio. Credit at least 650, monthly income at least 3 times the rent. No section 8. Pets require owner approval. Pet deposit is based on pet size & type.

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$784/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,453
$272,500
2025
$75,000
$197,500
$272,500
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,453
$272,500

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Southwestern National Bank
Commercial
$200,000
No
First
Oct 19, 2021
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$182,637
$207,363
53%
47%
$1,200/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,030/mo
$1,200/mo
+$1,830/mo
9.3%

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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5501 Milford Drive | Property Details | No Agent List