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$178,496

NAL Estimated Property Value

2109 Rainbow Drive 4412, Arlington, TX, 76011

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths963 Sq Ft
price_per_sqft$140.19 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range
FlooringVinyl

Building Information

Year Built1983

Land Information

APN-7515C--UU--4412
Lot Number4412
SubdivisionCloisters Condominiums, The
Land UseResidential
Legal DescriptionCLOISTERS CONDOMINIUMS, THE BLOCK UU LOT 4412 & .0020829 OF COMMON AREA
Census Tract113110
Assessed Land Value$30,000
Assessed Improvement Value$148,496
Assessment Year2025

About this property

Totally renovated! This condo has 2 bedrooms and 1 bath. It is located close to all of Arlington's greatest amenities. Within 2 miles is Six Flags, Cowboys stadium, and the new Rangers ball park. There is fresh paint, new flooring, new fixtures and much more. The complex has pools, gym, hot tub, tennis courts, and more.

Investor Tools

Property Icon
$178,496
Estimated Property Value
$124,937Estimated Mortgage Balance
$53,559Estimated Equity
30% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,071 /month
Positive
Cash Flow Estimate:
$357 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$271/month
$232/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,356
$178,496
2025
$30,000
$148,496
$178,496
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,356
$178,496

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Wallick & Volk Inc
Conventional
$136,482
No
First
Dec 23, 2020
Jan 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$124,937
$53,559
30%
70%
$837/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,456/mo
$1,069/mo
+$387/mo
9.8%

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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2109 Rainbow Drive 4412 | Property Details | No Agent List