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$265,000

For Sale - Active
4850 Flat Creek Dr, Fort Worth, TX 76179
3 Beds
2 Baths
1,641 Square Feet
0.20 Acres Lot
Built in 1993
For Sale - Active
Units n/a
Checked: 14 hours ago
Updated: Jun 07, 2025 at 03:43AM

Investment Summary


Monthly Cash Flow
-$286
Cap Rate
4.4%
Cash-on-Cash Return
-5.6%
Debt Coverage Ratio
0.77
Internal Rate of Return (5 years)
-1.5%

Property Description


0.20 Acres Lot
Built in 1993
For Sale - Active
Units n/a

This property is eligible under the First Look Initiative. All Owner Occupant offers will be responded to after 7 days on the market and Investor offers will be responded to after 30 days. However, all offers can be submitted during the First Look period. Great 3 bedroom 2 bath split bedroom starter home or investment property that sits on an interior corner lot and has a large inground gunite pool and deck! Bring your artistic flair and make this property your own personal oasis. It has a large living room, a huge primary bedroom, dual sinks and a separate tub and shower in the primary bath with 2 closets! NO CARPET, this home has c-tile and vinyl plank flooring throughout. Close to schools, shopping and other amenities. $200 system fee. Buyer to verify all information

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Location


Property Details


Parking

  • Description: DoorSingle, Driveway, GarageFacesFront, Garage
  • Details: Driveway, Garage, Garage Faces Front, Attached
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 9
  • # of Stories: 1
  • Fireplace: Yes

Exterior Features

  • Foundation: Slab
  • Roof Material: Composition

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 440652121R
  • Lot Size: 8581 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Ranch
  • Year Built: 1993

Tax Information

  • Annual Tax: $6,595

Utilities

  • Water & Sewer: Public
  • Heating: Fireplace(s), Heat Pump
  • Cooling: Ceiling Fan(s), Central Air

Location

  • County: Tarrant

Listing Details


Listed by:
Michelle Long
Texas DFW Homes RE
(817) 714-4554

Source:
North Texas Real Estate Information Systems (NTREIS)
MLS#: 20701327
North Texas Real Estate Information Systems (NTREIS)

Investment Summary


Monthly Cash Flow
-$286
Cap Rate
4.4%
Cash-on-Cash Return
-5.6%
Debt Coverage Ratio
0.77
Internal Rate of Return (5 years)
-1.5%

Purchase Details

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Purchase price:
$265,000
Amount financed:
-$212,000
Down payment:
$53,000
Closing costs:
$7,950
Rehab costs:
$0
Initial cash invested:
$60,950
Square feet:
1,641
Cost per square foot:
$161
Monthly rent per square foot:
$1.34

Financing Details

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Loan amount:
$212,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,254
Property tax:
$550
Insurance:
$154
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,958

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,200 $26,400
Vacancy loss: (6%)
6% -$132 -$1,584
Operating income:
$2,068 $24,816

Operating Expenses


% Rent Monthly Yearly
Property taxes: (25%)
25%-$550-$6,595
Insurance: (7%)
7%-$154-$1,848
Property management: (8%)
8%-$176-$2,112
Repairs & maintenance: (5%)
5%-$110-$1,320
Capital expenditures: (5%)
5%-$110-$1,320
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (50%)
50%-$1,100-$13,195

Cash Flow


Monthly Yearly
Net operating income:
$968 $11,616
Mortgage payments:
-$1,254 -$15,048
Cash flow:
$286 $3,432