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$139,900

2109 Rainbow Drive 4420, Arlington, TX, 76011

On MarketInfo
Just AddedInfo
Beds2 Beds
Baths2 Bath
Baths1,025 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$136.49 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

Deal ListAbsentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Bathrooms Half 1Bathrooms Half 1
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Electric Water Heater, Refrigerator
FlooringVinyl

Building Information

Year Built1983

Land Information

APN-7515C--UU--4420
Lot Number4420
SubdivisionCloisters Condominiums, The
Land UseResidential
Legal DescriptionCLOISTERS CONDOMINIUMS, THE BLOCK UU LOT 4420 & .0022642 OF COMMON AREA
Census Tract113110
Assessed Land Value$30,000
Assessed Improvement Value$155,193
Assessment Year2025

About this property

Welcome to The Cloisters, one of Arlington’s most desirable gated condominium communities! This beautifully updated 2-bedroom, 2-bath condo offers 1,025 square feet of comfortable, low-maintenance living in an unbeatable location near AT&T Stadium, Globe Life Field, Texas Live!, Six Flags, and countless dining and entertainment options. Step inside to find luxury vinyl plank flooring, a spacious living room with a cozy wood-burning fireplace, and an open dining area perfect for everyday living or entertaining guests. The galley-style kitchen features Corian countertops, a breakfast bar, pantry, ample cabinet space, and includes the refrigerator. The primary suite offers an ensuite bath with dual sinks, built-in storage, and a linen closet, while the secondary bedroom features a walk-in closet and easy access to the second full bath. Additional conveniences include a full-size utility area and two assigned parking spaces. Residents enjoy the security of a gated community along with HOA-covered amenities that include water, sewer, trash, exterior maintenance, grounds maintenance, insurance, and full use of community facilities. Whether you’re a first-time homebuyer, downsizing, or searching for an investment opportunity, this move-in-ready condo delivers exceptional value in the heart of Arlington. Schedule your private showing today and experience convenient, lock-and-leave living at The Cloisters!

Investor Tools

Property Icon
$185,193
Estimated Property Value
$0Estimated Mortgage Balance
$185,193Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,111 /month
Positive
Cash Flow Estimate:
$370 /month

Interested in this property?

Mikaela Camacho

eXp Realty, LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$415/month
$477/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,049
$185,193
2025
$30,000
$155,193
$185,193
No

Tax History

Year
Tax Paid
Assessed Value
2025
$4,049
$185,193

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$185,193
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,456/mo
$477/mo
+$979/mo
9.4%

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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2109 Rainbow Drive 4420 | Property Details | No Agent List