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$229,000

NAL Estimated Property Value

7488 Mohawk Avenue, Fort Worth, TX, 76116

Off MarketInfo
Beds3 Beds
Baths1 Bath
Baths1,072 Sq Ft
price_per_sqft$219.22 / sqft
Year BuiltBuilt in 1952

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
AppliancesDishwasher, Electric Range, Microwave, Refrigerator, Gas Water Heater
FlooringCeramic Tile, Wood

Exterior

Lot Size5,915 sqft

Building Information

Year Built1952
Stories1
Garage Spaces1

Land Information

APN34410-24-46-10
Lot Number46
SubdivisionRidglea West Addition
Land UseResidential
Legal DescriptionRIDGLEA WEST ADDITION BLOCK 24 LOT 46 E51.5' LOT 46
Census Tract102302
Assessed Land Value$20,000
Assessed Improvement Value$207,706
Assessment Year2025

About this property

Multiple offer received. Please submit highest and best offers by 5pm on December 21st. Gorgeously updated and renovated 3 bedroom home in Ridglea West! New HVAC and ductwork, new windows, new doors, new tile flooring and refinished wood flooring, new cabinets, new quartz counter tops, new back splash, new stainless steel appliances including refrigerator!, new deck, new lighting, updated everything in the bathroom, new garage door and new hardware...This home will not disappoint and it will not last!! Call to schedule your showing today!

Investor Tools

Property Icon
$229,000
Estimated Property Value
$199,158Estimated Mortgage Balance
$29,842Estimated Equity
13% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,410 /month
Positive
Cash Flow Estimate:
$470 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$521/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,109
$227,706
2025
$20,000
$207,706
$227,706
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,109
$227,706

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Southwest Funding Lp
Fha
$204,232
Yes
First
Jan 28, 2022
Feb 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$199,158
$29,842
13%
87%
$1,297/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,927/mo
$1,297/mo
+$630/mo
10.1%

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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7488 Mohawk Avenue | Property Details | No Agent List