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16516 Petal Drive
About This Property
A brick & stone exterior with a cozy front porch creates exceptional curb appeal. Inside, you'll find large windows letting in ample sunlight, while the chef-inspired kitchen showcases Level 3 upgraded cabinets, granite countertops, Level 5 upgraded backsplash, extra-large island, large single-bowl sink, and built-in appliances, creating the perfect space for everyday living and entertaining. The private primary suite features walk-in shower and separate garden tub, while the 8ft doors and primary closet passthrough to the laundry room adds style and functionality throughout. Completing the home are a covered patio, 2 car garage, and complete landscaping, irrigation package.
Located in Wildflower Ranch, residents enjoy a lazy river, community pool, 4+ miles of trails, and a dog park along with convenient access to 114, downtown Fort Worth, Alliance town square, Texas Motor Speedway and Northwest ISD. Built with renowned quality craftsmanship, this exceptional home offers the perfect combination of thoughtful design, everyday convenience, and an outstanding location.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 15, 2026 | In contract | - | |
| In contract | |||
| Sep 29, 2026 | Listed by DRB Group Realty, LLC | $499,990 | |
| Listed by DRB Group Realty, LLC | |||
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About Fort Worth
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017