INCOME-PRODUCING RIVER DISTRICT LAND PLAY Don't just buy land...buy INCOME-PRODUCING land! This 4,879 SF lot in Fort Worth's hottest neighborhood includes a habitable 660 SF rental that was generating $850-month. THREE WAYS TO WIN: PATH 1 - CASH FLOW: Rent as-is, break even on mortgage, build equity PATH 2 - VALUE-ADD: Invest $12,500, boost rent to $1,200-month, refinance at $205K PATH 3 - ASSEMBLAGE: Collect rent while positioning for developer premium in 3-pr…
| Room | Level | Size |
|---|---|---|
| Living Room | Main | 1 x 1 |
| Primary Bedroom | Main | 1 x 1 |
| Type | Single Family Residence |
| County | Tarrant |
| Lot | 0.112 ac (4,878.72 sqft) |
| Annual Tax | $3,792 |
| Days on Market | 77 |
| District | Castleberry ISD |
| Elementary | Cato |
| Middle | Marsh |
| High School | Castleberr |
| P&I (6.875%) | $735 |
| Est. Tax | $316 |
| Est. Total | $1,051/mo |
RIVER OAKS, TX 76114 · Deavers Add
INCOME-PRODUCING RIVER DISTRICT LAND PLAY Don't just buy land...buy INCOME-PRODUCING land! This 4,879 SF lot in Fort Worth's hottest neighborhood includes a habitable 660 SF rental that was generating $850-month. THREE WAYS TO WIN: PATH 1 - CASH FLOW: Rent as-is, break even on mortgage, build equity PATH 2 - VALUE-ADD: Invest $12,500, boost rent to $1,200-month, refinance at $205K PATH 3 - ASSEMBLAGE: Collect rent while positioning for developer premium in 3-property assemblage THE NUMBERS: •Land Value: $112,600 •Current Income: $850-month ($10,200-year) •Post-Renovation Income: $1,200-month ($14,400-year) •Development Potential: 4-plex or large single-family LOCATION: River District—Fort Worth's fastest-growing corridor. Median home price: $512K (this is 67% less). Adjacent to $185K vacant lot. Connected to Trinity Trails. PROPERTY: 660 SF, 2 bed-2 bath, solid cinder block (1940). Habitable, rentable condition. 4,879 SF lot with 13.5% coverage—massive development potential. IDEAL FOR: •First-time investors with clear entry point •BRRRR investors seeking value-add •Developers assembling parcels •Portfolio builders adding River District exposure INVESTMENT HIGHLIGHTS: Multiple exit strategies reduce risk. Income from day one. Land value provides equity cushion. High-growth location. Request pro forma analysis and assemblage details. Priced to sell in 30 days.
Property Type
Residential
Sub Type
Single Family Residence
Status
Active
Bedrooms
1
Full Baths
1
Living Area
660 sqft
Lot Size
4,878.72 sqft
Lot (acres)
0.112
Stories
1
Year Built
1940
Community
Deavers Add| Room | Level | Size |
|---|---|---|
| Living Room | Main | 1 x 1 |
| Primary Bedroom | Main | 1 x 1 |
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Annual Tax
$3,792
Total Principal
$111,920
Total Interest
$152,765
Total Loan Payment
$264,685
Payoff Date
June 2056
Est. Payment
$1,109
/month
Estimated only. Does not guarantee loan approval. Contact a licensed lender for accurate rates and terms. Rates change daily.
View Online
https://realtorkonda.com/property/river-oaks-tx/deavers-add/5002-scott-road-76114
Contact: (469) 854-1352 · realtorkonda@gmail.com
Listed by Bobby Minor · Elite Real Estate Texas · 623-570-2789
IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or NTREIS. © 2026 NTREIS. All rights reserved. Last updated May 14, 2026.
Listing Agent
Bobby Minor
Elite Real Estate Texas