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$230,000

1217 Raines St, Arlington, TX, 76010

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,186 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1.39 / sqft
Year BuiltBuilt in 1955

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
AppliancesDishwasher, Disposal, Electric Range, Microwave, Plumbed For Ice Maker
FlooringCeramic Tile, Wood

Exterior

Exterior FeaturesRain Gutters
Lot Size5,014 sqft

Building Information

Year Built1955
Stories1
Garage Spaces1

Land Information

APN44410-14-22
Lot Number22
SubdivisionValley View Addition-Arlington
Land UseResidential
Legal DescriptionVALLEY VIEW ADDITION-ARLINGTON BLOCK 14 LOT 22
Census Tract122100
Assessed Land Value$40,000
Assessed Improvement Value$175,000
Assessment Year2025

About this property

Completely renovated home in Central Arlington has new everything! Garage has been converted to a Master bedroom with ensuite bath. All new stainless, cabinetry, shelving, granite, tile, fresh paint throughout interior and exterior, updated lighting and fans, renovated bathrooms. New plumbing, new energy efficient HVAC and water heater, new gutters, new driveway and patio, resurfaced hardwood floors. Yard has been regraded and new sod installed. Landlord requires min 600 credit score, clean background and rental history with no previous evictions, convictions, or broken leases. Min household income is 3x monthly rent. Small pets okay on a case-by-case basis. Landlord does not accept housing vouchers.

Investor Tools

Property Icon
$230,000
Estimated Property Value
$187,500Estimated Mortgage Balance
$0Estimated Equity
18% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,380 /month
Positive
Cash Flow Estimate:
$460 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$524/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,136
$215,000
2025
$40,000
$175,000
$215,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,136
$215,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Legend Bank Na
Credit Line (Revolving) / Heloc
$189,750
No
First
Nov 28, 2022
Nov 2042

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$368,639
N/A
0%
160%
$2,518/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,927/mo
$2,518/mo
$-591/mo
10.1%

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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1217 Raines St | Property Details | No Agent List