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$408,000

NAL Estimated Property Value

7501 Monterrey Drive, Fort Worth, TX, 76112

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,694 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$110.99 / sqft
Year BuiltBuilt in 1968

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Cooktop, Gas Oven, Vented Exhaust Fan
FlooringCarpet, Ceramic Tile

Exterior

Lot Size9,479 sqft

Building Information

Year Built1968
Stories2
Garage Spaces2

Land Information

APN6440-4-1
Lot Number1
SubdivisionCarol Oaks Addition
Land UseResidential
Legal DescriptionCAROL OAKS ADDITION BLOCK 4 LOT 1
Census Tract106512
Assessed Land Value$50,000
Assessed Improvement Value$270,247
Assessment Year2025

About this property

Please see attached documents. No repairs will be made. Sold As-Is. Don't miss this stately two-story 1960's built home in northeast Fort Worth! Featuring three oversized living areas, four bedrooms, two bathrooms, a large outdoor patio, two car garage with oversized driveway for additional parking, and a nicely sized backyard all packaged together on a corner lot! Huge shed in the oversized back yard. This home is the perfect canvas to bring your designer and your ideas to renovate into a wonderful home for years to come. With great bones and a unique floor plan with tons of living space this home just needs your touches and ideas to bring this home to life. To be sold as-is with no repairs. Probate will take 30-90 days to close. Details for heirs have been approved but final numbers will have to go back for approval.

Investor Tools

Property Icon
$408,000
Estimated Property Value
$249,630Estimated Mortgage Balance
$158,370Estimated Equity
38% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,448 /month
Positive
Cash Flow Estimate:
$816 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$769/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,186
$320,247
2025
$50,000
$270,247
$320,247
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,186
$320,247

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Rocket Mortgage Llc
Conventional
$266,000
No
First
Jan 18, 2023
Feb 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$249,630
$158,370
38%
61%
$1,595/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,385/mo
$1,595/mo
+$790/mo
7.0%

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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7501 Monterrey Drive | Property Details | No Agent List