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$349,000

NAL Estimated Property Value

2308 Montego Dr, Arlington, TX, 76002

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,393 Sq Ft
price_per_sqft$165.02 / sqft
Year BuiltBuilt in 2000

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal
FlooringHardwood

Exterior

Lot Size7,187 sqft

Building Information

Year Built2000
Stories2
Garage Spaces2

Land Information

APN23213H-8-5
Lot Number5
SubdivisionLake Port Village Addition
Land UseResidential
Legal DescriptionLAKE PORT VILLAGE ADDITION BLOCK 8 LOT 5
Census Tract111562
Assessed Land Value$55,000
Assessed Improvement Value$250,752
Assessment Year2025

About this property

**MULTIPLE OFFERS RECEIVED! **SUBMIT HIGHEST AND BEST BY WEDNESDAY 31st at 5PM. Don't miss this immaculate home in the coveted subdivision of Lake Port Village! Well maintained home by its original owners. You will enjoy this quiet, well established, highly sought after neighborhood. Hand scraped hardwood floors have been installed throughout the home including beautiful hardwood staircases. The open formal living area is enhanced by a wood-burning fireplace & plenty of built-ins. The kitchen includes a WALK-IN pantry! The massive master bedroom has an oversized ensuite bathroom with a soaker tub & separate shower, and two enormous walk-in closets. The spacious secondary bedrooms all have excellent closet space including built ins. You will fall in love with the entertaining area outside which includes a pergola and fire pit. The covered porch is also perfect for entertaining. Easy access to shopping & dining in Arlington or Fort Worth, via I-20, 360 or 287. Don't miss this one!

Investor Tools

Property Icon
$349,000
Estimated Property Value
$379,684Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,369 /month
Positive
Cash Flow Estimate:
$790 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$641/month
$125/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,942
$305,752
2025
$55,000
$250,752
$305,752
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,942
$305,752

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Nations Lending Corp
Fha
$392,755
Yes
First
Sep 30, 2022
Oct 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$379,684
N/A
0%
109%
$2,439/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,880/mo
$2,564/mo
+$316/mo
9.9%

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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