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$170,000

1405 Grace St, Arlington, TX, 76010

On MarketInfo
Just AddedInfo
Beds2 Beds
Baths1 Bath
Baths851 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$199.76 / sqft
Year BuiltBuilt in 1951

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesBuilt-In Gas Range, Dishwasher

Exterior

Lot Size6,564 sqft

Building Information

Year Built1951
Stories1
Garage Spaces1

Land Information

APN7550-7-10
Lot Number10
SubdivisionClubview Addition
Land UseResidential
Legal DescriptionCLUBVIEW ADDITION BLOCK 7 LOT 10
Census Tract122100
Assessed Land Value$40,000
Assessed Improvement Value$75,885
Assessment Year2025

About this property

Charming 1950s home with incredible potential in a convenient Arlington location! This 2-bedroom, 1-bath home is an excellent opportunity for investors, first-time buyers, or anyone looking to build sweat equity. Some heavy-lifting is already complete with a remodeled kitchen and a new roof to be complete at seller expense prior to closing. The interior requires some work with drywall patching and some flooring work needed, and offers plenty of opportunity to update, customize, and add value. Located just steps from Meadowbrook Park Golf Course and only minutes from Arlington’s vibrant Entertainment District, with easy access to dining, shopping, sports, and entertainment. Utilizing the local trail system, the entertainment district is walkable from the home. Whether you’re searching for your next investment, renovation project, or a home to make your own, 1405 Grace Street offers a great combination of location, potential, and value. Bring your vision and make it yours.

Investor Tools

$77,179Estimated Mortgage Balance
$136,821Estimated Equity
63% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,284 /month
Positive
Cash Flow Estimate:
$428 /month

Interested in this property?

Kelley Dodd

Keller Williams Fort Worth

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$175/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,034
$115,885
2025
$40,000
$75,885
$115,885
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,034
$115,885

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Plaza Home Mortgage Inc
Fha
$97,697
Yes
First
Sep 30, 2016
Oct 2046

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$77,179
$136,821
63%
36%
$586/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,456/mo
$586/mo
+$870/mo
8.2%

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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1405 Grace St | Property Details | No Agent List