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$516,000

NAL Estimated Property Value

9225 Heron Drive, Fort Worth, TX, 76108

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths1,710 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$204.68 / sqft
Year BuiltBuilt in 1954

Property Lead Type:

Off-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 1Bathrooms Full 1
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Microwave, Plumbed For Ice Maker, Electric Water Heater
FlooringCeramic Tile, Laminate

Exterior

Exterior FeaturesRain Gutters, Lighting, Private Yard, Storage
Lot Size23,522 sqft

Building Information

Year Built1954
Stories1
Garage Spaces1

Land Information

APN23245---27---34---20
Lot Number34-34A
SubdivisionLake Worth Leases Addition
Land UseResidential
Legal DescriptionLAKE WORTH LEASES ADDITION BLOCK 27 LOT 34& 34A .54AC 39LF
Census Tract100601
Assessed Land Value$180,425
Assessed Improvement Value$130,575
Assessment Year2025

About this property

Newly remodeled, rare Lake Worth find with over a half an acre that backs up to city owned land! This gorgeous home features a 3 bed, 2 bath main home with a 1 bed, 1 bath, full kitchen with washer and dryer hookup guest home. Main house boasts waterproof, wood laminate flooring throughout which is perfect for your lake location! Granite in the kitchen with a nice open concept to dining area that can also be used as a second living area. Guest house has a 1 car garage but is run with HVAC so could be easily converted to a living room. Property includes a portion of lakefront land that is perfect for building a floating dock to make this your lake oasis.

Investor Tools

Property Icon
$516,000
Estimated Property Value
$284,411Estimated Mortgage Balance
$231,589Estimated Equity
44% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,096 /month
Positive
Cash Flow Estimate:
$1,032 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$729/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,168
$311,000
2025
$180,425
$130,575
$311,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,168
$311,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
V I P Mortgage Inc
Conventional
$316,300
No
First
Feb 18, 2021
Mar 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$284,411
$231,589
44%
55%
$1,897/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,927/mo
$1,897/mo
+$30/mo
4.5%

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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9225 Heron Drive | Property Details | No Agent List