Owner
$651,811
5849 FOREST RIVER DR, FORT WORTH, TX
Quick Facts
owner occupied
Yes
vacant
No
corporate owner
No
beds
3
baths
3
sq. ft.
3,567
property type
Single Family Residential
hoa
Yes
About
Residential
Building Quality B
Good Condition
Living Area
Detached Garage
2 Stories
Central
Brick
Central
Financial Overview
Home Equity
Property
Outstanding Debt
Property
Loan-to-Value Ratio
Property
Property Features
Year Built
1995
Building Size
3,567 sq ft
Lot Size
47,845 sq ft
Lot Size (Acres)
1.10 acres
Distressed Property Status
In Pre-foreclosure
Property
Notice of Sale Filed
Property
Notice of Default Filed
Property
Scheduled for Auction
Property
Filing Date
Property
Property Location Details
Parcel Number (APN)
06381715
County
Tarrant County, Texas
Metro Area
Dallas-Fort Worth-Arlington, TX
Zoning
—
Neighborhood/Subdivision
RIVER BEND ESTATES
Lot Number
7
School District
Fort Worth Independent School District
Legal Description
RIVER BEND ESTATES BLOCK 11 LOT 7
Tax & Value Information
Market Value (Total)
$635,000
Building Value
$510,940
Land Value
$124,060
Annual Property Tax
$11,819
Tax Assessment Year
2023
Assessed Value
$635,000
Last Assessment Year
2024
Original Primary Mortgage
Property
Primary Mortgage Type
Property
Original Secondary Mortgage
Property
Secondary Mortgage Type
Property
Current Mortgage Amount
Property
Current Mortgage Type
Property
Interest Rate
Property
Loan Term
Property
Lender Name
—
Last Sale Contract Date
8/8/2023
Recording Date
8/16/2023
Sales Document #
2023.147038
Primary Owner
Property
Co-Owner
Property
Previous Owner
Property
Previous Co-Owner
Property
Recent sales Comparables
Estimated Value:
$0
Average Price per Sq.Ft.: $0.00
Sales Comparables
Real Estate Investment Analysis
Evaluate this property as a fix & flip opportunity
Estimated Profit
$25,222
Return on Investment
15.60%
After Repair Value
$716,992
Basic Inputs
Financing
Down Payment
20%
Interest Rate
6.5%
Loan Term (Years)
30
Holding Period (months)
6
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Analysis Details
Purchase Price
$586,630
Renovation Cost
$32,591
Closing Costs (buying)
$11,733
Holding Costs
$17,798
Selling Costs
$43,020
Total Investment
$161,649
After Repair Value (ARV)
$716,992
Total Costs
$691,770
Estimated Profit
$25,222
Cash Invested
$149,917
Return on Investment
15.60%
Return on Cash Invested
16.82%
Nearby Schools
No Elementary School nearby
No Middle School nearby
No High School nearby
Properties owned by investors
Income Distributions
Ethnicity Distributions
Chart
Yearly Purchases
Connex Segmentation Clusters
Area Profile for Investors
Quiet Residential
Walkability
Poor
(0 POIs within 1mi)
Amenities Within 0.5mi
0
locations
Schools Within 1mi
0
schools
Area Class
A
class
Investor Insight
This is a quiet residential area with 0 amenities within 1 mile.
The area has limited nearby amenities.
Key features for tenant appeal:
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Key Amenities in the Area