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B+
NoAgentList RatingHow are grades calculated?Info

$312,000

NAL Estimated Property Value

5948 Ridge Lake Dr, Fort Worth, TX, 76244

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,790 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$161.45 / sqft
Year BuiltBuilt in 2008

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop
FlooringVinyl

Exterior

Lot Size5,306 sqft

Building Information

Year Built2008
Stories1
Garage Spaces2

Land Information

APN44358-3-23
Lot Number23
SubdivisionValley Brook
Land UseResidential
Legal DescriptionVALLEY BROOK BLOCK 3 LOT 23
Census Tract113948
Assessed Land Value$60,000
Assessed Improvement Value$226,000
Assessment Year2025

About this property

MULTIPLE OFFERS RECEIVED. Deadline to submit offers Monday October 4th 5pm. Gorgeously updated one owner home located in the highly sought after Keller ISD. Full kitchen remodel includes new cabinets, quartz counters, and Kitchen Aide stainless steel appliances. Recently installed luxury vinyl plank flooring will accommodate any lifestyle while still looking great. Home backs to an open green space with direct access via gate off the back fence.

Investor Tools

Property Icon
$312,000
Estimated Property Value
$213,686Estimated Mortgage Balance
$98,314Estimated Equity
31% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,872 /month
Positive
Cash Flow Estimate:
$624 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$560/month
$87/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,158
$286,000
2025
$60,000
$226,000
$286,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,158
$286,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Movement Mortgage
Conventional
$234,000
No
First
Oct 26, 2021
Nov 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$213,686
$98,314
31%
68%
$1,403/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,570/mo
$1,490/mo
+$2,080/mo
13.7%

Learn About the Market: Opportunity in Fort Worth

Local Market Pages
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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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5948 Ridge Lake Dr | Property Details | No Agent List