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$198,000

1401 Forest Edge Dr Apt 15, Arlington, TX, 76013

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,218 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$164.12 / sqft
Year BuiltBuilt in 1970

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Dryer, Gas Range, Microwave, Washer
FlooringCeramic Tile, Laminate

Building Information

Year Built1970

Land Information

APN14120C---A---15
Lot Number15
SubdivisionForest Edge Condominium Sub
Land UseResidential
Legal DescriptionFOREST EDGE CONDOMINIUM SUB BLOCK A LOT 15 & .05258 CE
Census Tract111505
Assessed Land Value$30,000
Assessed Improvement Value$129,119
Assessment Year2025

About this property

Remarkable 2 bedroom, 2 bath condo with a gas log fireplace and private entrance. Plantation shutters and laminate flooring throughout. Large living area, formal dining, kitchen with SS appliances, including a gas range just in time for cooking your favorites this holiday season. Full size washer dryer connections and the machines can stay! The primary suite is grand with 2 oversized walk-in closets. It's a very quiet and quaint community...a hidden gem. The schools are popular. It's a few blocks from Shady Valley Country Club. UTA is just down the road. Lake Arlington is within minutes. There's a Pool and a Clubhouse onsite and Assigned Parking too. Come see!

Investor Tools

Property Icon
$198,000
Estimated Property Value
$0Estimated Mortgage Balance
$198,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,199 /month
Positive
Cash Flow Estimate:
$400 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$220/month
$205/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,650
$159,119
2025
$30,000
$129,119
$159,119
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,650
$159,119

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$198,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,456/mo
$205/mo
+$1,251/mo
8.8%

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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1401 Forest Edge Dr Apt 15 | Property Details | No Agent List