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$243,826

NAL Estimated Property Value

1606 Kelly Terrace, Arlington, TX, 76010

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,308 Sq Ft
price_per_sqft$176.61 / sqft
Year BuiltBuilt in 1952

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesNone
FlooringCeramic Tile, Laminate

Exterior

Lot Size9,588 sqft

Building Information

Year Built1952
Stories1
Garage Spaces2

Land Information

APN1000-3-12
Lot Number12
SubdivisionArlington Terrace Addition
Land UseResidential
Legal DescriptionARLINGTON TERRACE ADDITION BLOCK 3 LOT 12
Census Tract122901
Assessed Land Value$38,360
Assessed Improvement Value$205,466
Assessment Year2025

About this property

Back on the market. Great investment property to lease out or a great new entry home. Not only does this property have 3 beds, 2 baths but it also comes with a mother in law detached apartment in the back of the home. The home has been renovated, new roof, foundation has been repaired, new flooring, new drive way and new counter tops. The home will not qualify for FHA. Seller will require a 30 to 45 day lease back in the guest quarters after the closing and funding.

Investor Tools

Property Icon
$243,826
Estimated Property Value
$197,811Estimated Mortgage Balance
$46,015Estimated Equity
18% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,463 /month
Positive
Cash Flow Estimate:
$488 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$546/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,329
$243,826
2025
$38,360
$205,466
$243,826
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,329
$243,826

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Texasbank
Building Or Construction Loan
$215,000
No
First
Feb 25, 2022
Mar 2037

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$197,811
$46,015
18%
81%
$1,290/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,927/mo
$1,290/mo
+$637/mo
9.5%

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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1606 Kelly Terrace | Property Details | No Agent List