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$468,000

NAL Estimated Property Value

6416 Inca Rd, Fort Worth, TX, 76116

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,852 Sq Ft
price_per_sqft$267.28 / sqft
Year BuiltBuilt in 1959

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Dryer, Electric Oven, Gas Cooktop, Microwave, Washer
FlooringBrick, Ceramic Tile, Wood

Exterior

Exterior FeaturesStorage
Lot Size12,236 sqft

Building Information

Year Built1959
Stories1
Garage Spaces2

Land Information

APN34420-31-5
Lot Number5
SubdivisionRidgmar Addition
Land UseResidential
Legal DescriptionRIDGMAR ADDITION BLOCK 31 LOT 5
Census Tract123001
Assessed Land Value$110,000
Assessed Improvement Value$90,000
Assessment Year2025

About this property

This transitional style home has an open, modern feel, and is located near Leonard Park in the Ridgmar neighborhood. The home has curb appeal, character, charming updates, and the front yard contains an elegant butterfly garden with 2 new trees. The updated kitchen is warmed by beautiful brick flooring and complementary granite counters and includes Kitchen Aid, stainless appliances. The wood burning fireplace is the focus of the living area with a brick façade and modern, slate trim. This room also contains built- in shelving, sliding glass doors, and overlooks a patio -as well as - one of those wonderfully large Ridgmar backyards. The dining room has access to nearby built-in storage and overlooks a 2nd covered patio. The bedroom wing contains 4 bedrooms, 2 updated baths and the 4th bedroom could easily be a 2nd living area, children’s playroom, or home office.

Investor Tools

Property Icon
$468,000
Estimated Property Value
$198,918Estimated Mortgage Balance
$269,082Estimated Equity
57% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,970 /month
Positive
Cash Flow Estimate:
$990 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$526/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,976
$200,000
2025
$110,000
$90,000
$200,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,976
$200,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Worthington Bank
Conventional
$206,000
No
First
Jun 21, 2024
Jul 2039

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$198,918
$269,082
57%
43%
$1,236/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,927/mo
$1,236/mo
+$691/mo
4.9%

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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6416 Inca Rd | Property Details | No Agent List