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Days116Days on Market
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$3,000

$3,200

6940 Bal Lake Dr, Fort Worth, TX, 76116

On MarketInfo
Price DropInfo
Beds3 Beds
Baths2 Bath
Baths2,343 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1.28 / sqft
Year BuiltBuilt in 1966

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Gas Water Heater
FlooringCarpet, Ceramic Tile, Vinyl

Exterior

Lot Size12,598 sqft

Building Information

Year Built1966
Stories1
Garage Spaces2

Land Information

APN34345-28-11
Lot Number11
SubdivisionRidglea Hills Addition
Land UseResidential
Legal DescriptionRIDGLEA HILLS ADDITION BLOCK 28 LOT 11
Census Tract102402
Assessed Land Value$110,000
Assessed Improvement Value$249,279
Assessment Year2025

About this property

Welcome to this beautifully renovated one-story home in the Ridglea Hills neighborhood. Offering 3 bedrooms, 2 full bathrooms, home office space and over 2,300 square feet of living space, this home features a flexible floor plan with multiple living and dining areas to accommodate today's lifestyle. A beautifully updated kitchen showcases granite countertops, stainless steel appliances, designer tile backsplash, abundant cabinetry, a breakfast bar, and pantry. The spacious primary suite offers a renovated ensuite bath with dual sinks, LED backlit mirrors, and a walk-in closet. Luxury vinyl plank flooring, decorative lighting, and fresh finishes throughout create a warm, modern feel. Enjoy the convenience of a dedicated utility room with sink and washer-dryer connections. Situated on an oversized corner lot, the exterior features mature trees, a pergola-covered patio, a privacy-fenced backyard, a detached workshop with additional storage, and a covered carport in addition to the attached two-car garage—providing ample space for vehicles, hobbies, and extra storage. Convenient access to shopping, dining, Camp Bowie, downtown Fort Worth, and major highways. Located approximately 5 miles from Texas Christian University (TCU), this home offers an easy commute to campus. Don't miss this exceptional lease opportunity in one of Fort Worth's most established neighborhoods.

Investor Tools

$362,671Estimated Mortgage Balance
$113,422Estimated Equity
28% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,850 /month
Positive
Cash Flow Estimate:
$950 /month

Interested in this property?

Nathan Asay

Asay Group Real Estate

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$853/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,865
$359,279
2025
$110,000
$249,279
$359,279
No

Tax History

Year
Tax Paid
Assessed Value
2025
$7,865
$359,279

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Hurst Real Estate Inc
Unknown
$367,500
No
First
Sep 18, 2025
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$362,671
$147,329
28%
76%
$2,204/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,927/mo
$2,204/mo
$-277/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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6940 Bal Lake Dr | Property Details | No Agent List