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$416,000

NAL Estimated Property Value

1803 Waterwood Dr, Arlington, TX, 76012

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,100 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1.19 / sqft
Year BuiltBuilt in 1976

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesOther

Exterior

Lot Size9,592 sqft

Building Information

Year Built1976
Stories1
Garage Spaces2

Land Information

APN32965-1-2
Lot Number2
SubdivisionPrestonwood Estates West
Land UseResidential
Legal DescriptionPRESTONWOOD ESTATES WEST BLOCK 1 LOT 2
Census Tract113108
Assessed Land Value$70,000
Assessed Improvement Value$298,000
Assessment Year2025

About this property

G-O-R-G-E-O-U-S single-story home with 4-bedrooms 3-baths 2-car garage! BEAUTIFUL selections in great area of N. Arlington! Towering trees provide a canopy of shade! This is an HDTV style rental home in the middle of DFW that is sure to impress! Wood floors! Granite counters! Gas-log fireplace! Sprinkler system! Rear entry garage. This stunning home is located in a quiet neighborhood near Fielder at Lamar walking distance to Shackelford JH & very close to Lamar HS. It is situated between Waterchase Golf Club & Rolling Hills Country Club - a very nice area of Arlington. SORRY but there are no pets allowed. There is room to park a boat or RV behind a gate. $2500 a month rent. $2500 deposit. $50 app fee. Must have good credit 650+, 3x rent as income, excellent residency history & good background check. Available for immediate occupancy so we seek April 1 to May 1 move-in. Nothing after May. THANKS for looking!

Investor Tools

Property Icon
$416,000
Estimated Property Value
$156,346Estimated Mortgage Balance
$259,654Estimated Equity
62% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,496 /month
Positive
Cash Flow Estimate:
$832 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$885/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,534
$368,000
2025
$70,000
$298,000
$368,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,534
$368,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Quicken Loans Llc
Va
$200,091
Yes
First
Feb 29, 2016
Mar 2046

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$156,346
$259,654
62%
38%
$1,200/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,385/mo
$1,200/mo
+$1,185/mo
6.9%

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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1803 Waterwood Dr | Property Details | No Agent List