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$220,000

1504 Hillcrest Drive, Arlington, TX, 76010

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,293 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$170.15 / sqft
Year BuiltBuilt in 1957

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesConvection Oven, Dishwasher, Disposal, Electric Cooktop, Electric Oven, Plumbed For Ice Maker
FlooringCarpet, Ceramic Tile, Laminate, Wood

Exterior

Lot Size9,827 sqft

Building Information

Year Built1957
Stories1
Garage Spaces2

Land Information

APN32600-1-3
Lot Number3
SubdivisionPlaza Heights Addition
Land UseResidential
Legal DescriptionPLAZA HEIGHTS ADDITION BLOCK 1 LOT 3
Census Tract121906
Assessed Land Value$39,312
Assessed Improvement Value$194,043
Assessment Year2025

About this property

Fall in love with this charmer set in a wooded established neighborhood! Newly painted open floor plan, updated kitchen & tons of natural light! Mechanics, hobbyists, or anyone seeking an additional building for extra space or a business will delight in the BONUS 960 sq ft shop in back that features a double & single bay doors accessed directly from the alley with a 9 ft wide sliding door. Air lines running around perimeter for compressor use, built in work bench & 110 outlets galore!! Location, location - minutes away from Texas Live Entertainment District, Arlington's top restaurants & retail shopping & easy interstate access! This hidden gem in the Plaza Heights Addition is a must see!

Investor Tools

Property Icon
$271,000
Estimated Property Value
$0Estimated Mortgage Balance
$71,958Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,626 /month
Positive
Cash Flow Estimate:
$542 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$353/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,887
$233,355
2025
$39,312
$194,043
$233,355
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,887
$233,355

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Efinity Financial Inc
Fha
$220,924
Yes
First
Mar 19, 2021
Apr 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$199,042
$71,958
26%
73%
$1,325/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,927/mo
$1,325/mo
+$602/mo
8.5%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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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1504 Hillcrest Drive | Property Details | No Agent List