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Owner Contacts

$426,000

NAL Estimated Property Value

1201 Pegasus Dr, Arlington, TX, 76013

Off Market

3 Beds

2 Bath

2,404 Sq Ft

$170.55 / sqft

Built in 2002

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3

Bathrooms Full 2

Garage Available

Heating Central

Cooling

AppliancesDishwasher, Disposal, Microwave

FlooringCarpet, Ceramic Tile

Exterior

Lot Size7,275 sqft

Building Information

Year Built2002

Stories1

Garage Spaces2

Land Information

APN38115-4-15

Lot Number15

SubdivisionShady Valley West Addition

Land UseResidential

Legal DescriptionSHADY VALLEY WEST ADDITION BLOCK 4 LOT 15

Census Tract121606

Assessed Land Value$70,000

Assessed Improvement Value$285,000

Assessment Year2025

About this property

Welcome to 1201 Pegasus Drive, a stunning ranch style home that has been recently remodeled from top to bottom. This 3-bedroom, 2-bathroom residence offers a spacious 2,404 square feet of living space and sits on a generous lot. Step inside to discover a sleek, open-concept layout that seamlessly blends style and functionality. The interior features a fresh, modern design with clean lines and an abundance of natural light. The gourmet kitchen is a chef's dream, with quartz countertops, and ample storage space. The adjoining living area provides a perfect space for relaxation and entertainment. Outside, the property offers a low-maintenance yard and a patio area, ideal for enjoying the outdoor gatherings. This home exudes a modern and sophisticated ambiance, perfect for those seeking a turnkey living experience. This home is conveniently situated near an array of amenities, including dining, shopping, and entertainment options. NEW CARPET AND WINDOWS WERE ADDED AFTER PHOTOS WERE TAKEN.

Investor Tools

$426,000

Estimated Property Value

$309,009Estimated Mortgage Balance

$116,991Estimated Equity

27% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$2,556 /month

Positive

Cash Flow Estimate:

$852 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$857/month

$350/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$8,155

$355,000

2025

$70,000

$285,000

$355,000

Tax History

Year

Tax Paid

Assessed Value

2024

$8,155

$355,000

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Jpmorgan Chase Bank Na

Conventional

$316,000

First

Feb 3, 2025

Mar 2055

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$309,009

$116,991

27%

73%

$1,895/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,927/mo

$2,245/mo

$-318/mo

5.4%

Learn About the Market: Opportunity in Texas

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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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