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$335,000

6550 Locke Ave, Fort Worth, TX, 76116

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,588 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$204.66 / sqft
Year BuiltBuilt in 1953

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesBuilt-In Gas Range, Dishwasher, Disposal
FlooringHardwood, Tile

Exterior

Exterior FeaturesRain Gutters, Private Yard
Lot Size7,601 sqft

Building Information

Year Built1953
Stories1
Garage Spaces1

Land Information

APN750-2-RZ-C
Lot NumberRZ
SubdivisionAndrews, Myrtle B Subdivision
Land UseResidential
Legal DescriptionANDREWS, MYRTLE B SUBDIVISION BLOCK 2 LOT RZ
Census Tract102301
Assessed Land Value$60,840
Assessed Improvement Value$244,160
Assessment Year2025

About this property

PRICE UPDATED in line with current, corrected market value. This jewel is nestled in the midst of the sweetheart community of Ridglea. Travel down tree-lined Locke Avenue to this picturesque home on a large corner lot. Many updates have been made while preserving the nostalgic charm. Spacious, open concept accented with beautiful hardwood floors. Endless possibilities to make the backyard your private oasis for relaxing and entertaining. This location makes it easy to enjoy the convenient surrounding amenities whether shopping or dining on Camp Bowie or in nearby Downtown Fort Worth. Call to schedule your personal tour today.

Investor Tools

Property Icon
$335,000
Estimated Property Value
$304,725Estimated Mortgage Balance
$44,588Estimated Equity
9% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,010 /month
Positive
Cash Flow Estimate:
$670 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$568/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,140
$305,000
2025
$60,840
$244,160
$305,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,140
$305,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United Wholesale Mortgage
Conventional
$304,725
No
First
Oct 10, 2023
Nov 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$290,412
$44,588
13%
87%
$1,827/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,927/mo
$1,827/mo
+$100/mo
6.9%

Learn About the Market: Opportunity in Fort Worth

Local Market Pages

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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6550 Locke Ave | Property Details | No Agent List