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$361,000

NAL Estimated Property Value

5720 Wilkes Dr, Fort Worth, TX, 76119

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,527 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$206.29 / sqft
Year BuiltBuilt in 1955

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 1Bathrooms Full 1
Bathrooms Half 1Bathrooms Half 1
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Dryer, Gas Cooktop, Gas Oven, Gas Range, Refrigerator, Washer
FlooringCarpet, Ceramic Tile, Tile

Exterior

Exterior FeaturesAwning(s), Playground, Private Yard, Storage
Lot Size11,199 sqft

Building Information

Year Built1955
Stories1

Land Information

APN46830-5-16
Lot Number16
SubdivisionWilkes Estates Addition
Land UseResidential
Legal DescriptionWILKES ESTATES ADDITION BLOCK 5 LOT 16
Census Tract106400
Assessed Land Value$21,200
Assessed Improvement Value$213,709
Assessment Year2025

About this property

*** .51 acre lot *** This ranch-style home is perfect for entertaining large gatherings, or perhaps you would like to build a custom home on your lot with no fencing providing easy passage between you and your loved one. How fun would that be? The entire family can share the land area providing ample room for the children to run around (outdoors, of course). Once your outdoor holiday cookout ends, you can walk in to the open-concept living area to finish the night with coffee, cake, and games. It offers a rustic look, custom iron gate, and u-shaped driveway. Your wood siding with bottom stone house provides a front stone-tiled floor with awning while the covered rear porch offers concrete flooring. It has 4 bedrooms, 2 bathrooms, water fountain, insulated shed for storage or office, and additional 3-car covered carport spaces. The price and disclosed lot size includes lot address 5724 Wilkes Dr, next door. new water heater, foundation repair, updated electrical panel, meter, and other components, updated light fixtures, can lighting. and electrical outlet to connect a generator if ever needed. Makes us an offer.

Investor Tools

Property Icon
$361,000
Estimated Property Value
$129,939Estimated Mortgage Balance
$231,061Estimated Equity
64% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,166 /month
Positive
Cash Flow Estimate:
$722 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$298/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,774
$234,909
2025
$21,200
$213,709
$234,909
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,774
$234,909

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Highlands Residential Mortgage Ltd
Unknown
$152,000
No
First
Feb 15, 2019
Mar 2049

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$129,939
$231,061
64%
36%
$912/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,927/mo
$912/mo
+$1,015/mo
6.4%

Learn About the Market: Opportunity in Fort Worth

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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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5720 Wilkes Dr | Property Details | No Agent List