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$320,000

6408 Payton Drive, Fort Worth, TX, 76131

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,474 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$217.1 / sqft
Year BuiltBuilt in 2004

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, Microwave
FlooringCarpet, Ceramic Tile, Laminate

Exterior

Lot Size5,497 sqft

Building Information

Year Built2004
Stories1
Garage Spaces2

Land Information

APN307-6-10
Lot Number10
SubdivisionAlexandra Meadows
Land UseResidential
Legal DescriptionALEXANDRA MEADOWS BLOCK 6 LOT 10
Census Tract105008
Assessed Land Value$60,000
Assessed Improvement Value$194,926
Assessment Year2025

About this property

This extremely well-maintained single story home with covered porch is located in Alexandra Meadows Subdivision. It offers three bedrooms, two bathrooms, a spacious family room with gas log fireplace, a kitchen with adjacent breakfast area; and two-car garage with plenty of hanging racks for storage. Spacious primary bedroom along with the bathroom that has vanity with double sinks, a garden tub, separate standup shower and a walk in closet. Enjoy the patio with the electric awning perfect for hanging out with friends or venture over to the community pool and park for some fun. With convenient access to 820 and I-35 as well as close proximity to Amazon, BNSF, DHL and the Alliance Corridor make this house a must see.

Investor Tools

Property Icon
$280,000
Estimated Property Value
$0Estimated Mortgage Balance
$34,434Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,920 /month
Positive
Cash Flow Estimate:
$640 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$484/month
$330/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,405
$254,926
2025
$60,000
$194,926
$254,926
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,405
$254,926

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Sfmc Lp
Conventional
$264,000
No
First
Aug 25, 2022
Sep 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$245,566
$34,434
12%
88%
$1,583/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,670/mo
$1,913/mo
+$757/mo
11.4%

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: Fort Worth

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6408 Payton Drive | Property Details | No Agent List