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$253,000

NAL Estimated Property Value

6005 Ridgecrest Drive, Watauga, TX, 76148

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,149 Sq Ft
price_per_sqft$139.25 / sqft
Year BuiltBuilt in 1972

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, Disposal, Electric Range
FlooringCarpet, Ceramic Tile

Exterior

Lot Size8,398 sqft

Building Information

Year Built1972
Stories1
Garage Spaces2

Land Information

APN10840-11-13
Lot Number13
SubdivisionEcho Hills Addition
Land UseResidential
Legal DescriptionECHO HILLS ADDITION BLOCK 11 LOT 13
Census Tract113808
Assessed Land Value$50,000
Assessed Improvement Value$118,196
Assessment Year2025

About this property

Awesome opportunity to own a great home in highly sought after area. Perfect for the investor looking to add a rental to the portfolio, or home owner looking for quick equity! Home has three spacious bedrooms, two baths, laminate wood flooring throughout living, kitchen and walkways. Carpet in the bedrooms. Absolutely huge backyard could easily handle a pool and still give plenty of room to stretch your legs. Home to be sold as-is with no repairs or treatments. Final contract acceptance is subject to approval by First Financial Trust interim committee and Tarrant County Probate Court 1

Investor Tools

Property Icon
$253,000
Estimated Property Value
$111,852Estimated Mortgage Balance
$141,148Estimated Equity
55% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,518 /month
Positive
Cash Flow Estimate:
$506 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$349/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,923
$168,196
2025
$50,000
$118,196
$168,196
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,923
$168,196

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Wells Fargo Bank Na
Conventional
$123,425
No
First
Jun 22, 2021
Jul 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$111,852
$141,148
55%
44%
$740/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,490/mo
$740/mo
+$1,750/mo
11.8%

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Watauga

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6005 Ridgecrest Drive | Property Details | No Agent List