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Days1062Days on Market
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$2,195

$2,300

1113 Eric Ave, Arlington, TX, 76012

On MarketInfo
Price DropInfo
Beds3 Beds
Baths2 Bath
Baths1,332 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1.65 / sqft
Year BuiltBuilt in 1958

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Dryer, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer
FlooringCeramic Tile, Hardwood

Exterior

Exterior FeaturesOutdoor Grill, Storage
Lot Size9,797 sqft

Building Information

Year Built1958
Stories1
Garage Spaces1

Land Information

APN24610-3-13
Lot Number13
SubdivisionMagnolia Heights Addition
Land UseResidential
Legal DescriptionMAGNOLIA HEIGHTS ADDITION BLOCK 3 LOT 13
Census Tract121605
Assessed Land Value$39,200
Assessed Improvement Value$191,338
Assessment Year2025

About this property

Location, Location, Location! Welcome to this beautifully updated 3-bedroom, 2-bath home in the heart of Arlington, where convenience meets comfort. Perfectly situated just minutes from AT&T Stadium, Globe Life Field, Six Flags, The University of Texas at Arlington, Downtown Arlington, shopping, restaurants, parks, major highways, and DFW International Airport, you'll enjoy quick access to everything the Metroplex has to offer. Plus, Speer Elementary School is just a short walk away, making this an ideal location for families. From the moment you step inside, you'll appreciate the bright, inviting interior featuring fresh neutral colors that create a light and airy feel. The spacious living room is enhanced by a stylish accent wall that adds warmth and character while providing the perfect space for relaxing or entertaining. The updated kitchen is the heart of the home, showcasing stunning marble countertops, abundant cabinetry, and generous prep space for everyday cooking or hosting family and friends. Original hardwood floors add timeless charm and blend beautifully with the home's modern updates.Step outside to discover an oversized backyard designed for making memories. The extended concrete patio is ideal for outdoor dining, weekend gatherings, or simply enjoying your morning coffee, while the built-in grill is ready for your next barbecue. With plenty of room for kids, pets, gardening, this backyard offers endless possibilities.**Photo Disclaimer: The photographs shown in this listing were taken **prior to the current tenant's occupancy**. The furniture, décor, and personal belongings currently in the property are different from those shown in the photos. The current condition of the property may vary, and the Seller and Listing Broker make no representations or warranties regarding its present appearance. Tenants are encouraged to verify the property's current condition through a personal showing.

Investor Tools

$169,545Estimated Mortgage Balance
$101,319Estimated Equity
37% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,620 /month
Positive
Cash Flow Estimate:
$540 /month

Interested in this property?

Alejandra Lablanca

Keller Williams Realty

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$532/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,039
$230,538
2025
$39,200
$191,338
$230,538
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,039
$230,538

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Lendsure Mortgage Corp
Conventional
$178,500
No
First
Aug 25, 2023
Sep 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$169,545
$102,455
37%
63%
$1,071/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,927/mo
$1,071/mo
+$856/mo
8.6%

Learn About the Market: Opportunity in Texas

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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.

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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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1113 Eric Ave | Property Details | No Agent List