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$246,000

1115 Rimcrest Dr, Arlington, TX, 76017

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,386 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$1.22 / sqft
Year BuiltBuilt in 1987

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Electric Water Heater
FlooringCarpet, Ceramic Tile

Exterior

Lot Size4,840 sqft

Building Information

Year Built1987
Stories1
Garage Spaces2

Land Information

APN8687-1-40
Lot Number40
SubdivisionCrest, The
Land UseResidential
Legal DescriptionCREST, THE BLOCK 1 LOT 40
Census Tract111543
Assessed Land Value$25,000
Assessed Improvement Value$189,000
Assessment Year2025

About this property

Nice townhome has recent flooring, newer windows, recent roof, recent stained wood fence, very private with rear entrance and covered carport. Available now. This property is in the Mansfield School District. This location provides excellent access to I-20, Hwy 287 and 820 for access to downtown Fort Worth or Dallas and is just minutes away from the General Motors Plant and 30-45 minutes from DFW International airport. Application fee is $40 and credit report fee is $100 or applicant can furnish their own full credit report, not just a score report.

Investor Tools

Property Icon
$246,000
Estimated Property Value
$51,625Estimated Mortgage Balance
$234,666Estimated Equity
79% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,476 /month
Positive
Cash Flow Estimate:
$492 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$546/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,327
$214,000
2025
$25,000
$189,000
$214,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,327
$214,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
World Svgs Bank Fsb
Stand Alone First / Home Equity First Lien
$51,625
No
First
Jul 18, 2000
Aug 2030

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$11,334
$234,666
95%
5%
$310/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,010/mo
$310/mo
+$1,700/mo
9.8%

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.

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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