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$288,000

NAL Estimated Property Value

5904 Red Drum Drive, Fort Worth, TX, 76179

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,701 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$131.69 / sqft
Year BuiltBuilt in 2007

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Cooktop, Electric Oven, Microwave, Plumbed For Ice Maker, Gas Water Heater
FlooringCarpet, Ceramic Tile, Wood

Exterior

Lot Size6,094 sqft

Building Information

Year Built2007
Stories1
Garage Spaces2

Land Information

APN24819-G-26
Lot Number26
SubdivisionMarine Creek Ranch Addition
Land UseResidential
Legal DescriptionMARINE CREEK RANCH ADDITION BLOCK G LOT 26
Census Tract114010
Assessed Land Value$70,000
Assessed Improvement Value$211,085
Assessment Year2025

About this property

Very spacious and meticulously cared for traditional brick home surrounded by beautiful landscaping and a large covered back-porch overlooking an expansive green space. Tall ceilings and large windows flood the split floor plan home with natural light, and the smart layout makes for very comfortable living space. Plenty of cabinetry fill the kitchen, and the island makes a perfect breakfast area with views to the back yard. The private master suite has walk-in shower, soaking tub and large walk in closet.

Investor Tools

Property Icon
$288,000
Estimated Property Value
$141,827Estimated Mortgage Balance
$146,173Estimated Equity
50% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,728 /month
Positive
Cash Flow Estimate:
$576 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$535/month
$360/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,985
$281,085
2025
$70,000
$211,085
$281,085
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,985
$281,085

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Amcap Mortgage Ltd
Conventional
$164,800
No
First
May 3, 2019
Jun 2048

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$141,827
$146,173
50%
49%
$989/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,710/mo
$1,349/mo
+$1,361/mo
11.3%

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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5904 Red Drum Drive | Property Details | No Agent List