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$250,000

206 Lemon Drive, Arlington, TX, 76018

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,672 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$149.52 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range
FlooringCarpet, Ceramic Tile

Exterior

Lot Size7,797 sqft

Building Information

Year Built1983
Stories1
Garage Spaces2

Land Information

APN13510-3-30
Lot Number30
SubdivisionFairfield Addition
Land UseResidential
Legal DescriptionFAIRFIELD ADDITION BLOCK 3 LOT 30
Census Tract111541
Assessed Land Value$70,200
Assessed Improvement Value$165,182
Assessment Year2025

About this property

**INVESTORS ONLY** Beautiful 4 bed 2 bath home, ceiling fans in living & bedroom. Kitchen with lots of counter & cabinetry. Oversized master bedroom with walk-in closet, separate vanities. Secondary bedrooms are all good size. Wood burning fireplace & fenced in backyard. Easy access to I-20, Parks Mall & shopping center. Great area for renters. Current tenant occupied for 5 years with month to month leased at $1250, current market rent is $1700. The tenant prefers to continue stay. Buyer and buyers agent to verify all information provided. The photos was taken before.

Investor Tools

Property Icon
$282,000
Estimated Property Value
$0Estimated Mortgage Balance
$282,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,692 /month
Positive
Cash Flow Estimate:
$564 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$631/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,163
$235,382
2025
$70,200
$165,182
$235,382
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,163
$235,382

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$282,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,330/mo
N/A
+$3,330/mo
14.2%

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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206 Lemon Drive | Property Details | No Agent List