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$190,000

1007 Eric Ave, Arlington, TX, 76012

Off MarketInfo
Beds3 Beds
Baths1 Bath
Baths1,000 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$190 / sqft
Year BuiltBuilt in 1955

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesOther
FlooringCarpet

Exterior

Lot Size10,646 sqft

Building Information

Year Built1955
Stories1
Garage Spaces1

Land Information

APN24610-3-3
Lot Number3
SubdivisionMagnolia Heights Addition
Land UseResidential
Legal DescriptionMAGNOLIA HEIGHTS ADDITION BLOCK 3 LOT 3
Census Tract121605
Assessed Land Value$42,600
Assessed Improvement Value$201,435
Assessment Year2025

About this property

ALL OFFERS ARE DUE BY SEPTEMBER 12TH AT 5PM. Charming 3-bedroom, 1-bathroom home located in the desirable Arlington ISD. This cozy home offers a simple yet functional layout with an open living area, perfect for relaxing or entertaining. The kitchen provides plenty of cabinet space, and the bedrooms are well-sized for comfort. Situated on a spacious lot with a large backyard, this property is perfect for outdoor activities. Conveniently located near schools, parks, and shopping, this home is ideal for those seeking a great starter home or investment opportunity.

Investor Tools

Property Icon
$244,035
Estimated Property Value
$203,500Estimated Mortgage Balance
$46,276Estimated Equity
17% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,464 /month
Positive
Cash Flow Estimate:
$488 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$366/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,167
$244,035
2025
$42,600
$201,435
$244,035
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,167
$244,035

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Bank Of America Na
Conventional
$203,500
No
First
Oct 21, 2024
Nov 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$197,759
$46,276
18%
81%
$1,221/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,927/mo
$1,221/mo
+$706/mo
9.5%

Learn About the Market: Opportunity in Texas

Local Market Pages
Local Market Pages 2Local Market Pages 3Local Market Pages 4

Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Arlington

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1007 Eric Ave | Property Details | No Agent List