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$209,000

NAL Estimated Property Value

2337 Sherry St, Arlington, TX, 76014

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,149 Sq Ft
price_per_sqft$186.25 / sqft
Year BuiltBuilt in 1984

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Electric Range
FlooringCarpet, Vinyl

Exterior

Exterior FeaturesPrivate Entrance, Private Yard
Lot Size3,032 sqft

Building Information

Year Built1984
Stories2
Garage Spaces1

Land Information

APN40683H-3-78
Lot Number78
SubdivisionSummer Place Twnhms Addition
Land UseResidential
Legal DescriptionSUMMER PLACE TWNHMS ADDITION BLOCK 3 LOT 78
Census Tract111556
Assessed Land Value$20,000
Assessed Improvement Value$173,664
Assessment Year2025

About this property

Attention Investors! This 2-bedroom, 2-bathroom townhome is a prime opportunity to expand your portfolio in an unbeatable location. Currently leased for $1,600 per month through April 2025, this property offers immediate rental income and minimal upkeep. Recent updates include a new roof, a 7-year-old HVAC system, new LVP flooring throughout the first floor. The kitchen has been upgraded with granite countertops, new sinks, and a new dishwasher, ensuring long-term durability and tenant appeal. Seller will replace carpet on stairs and put LVP flooring upstairs. Additionally, a new washer and dryer in the utility room convey with the property, making this a truly turnkey investment. With no HOA, this townhome offers flexibility and lower costs, maximizing your ROI. While this is just one half of the duplex, the other side is also for sale. See MLS # 20807285 LIVE in one side and LEASE the other!! Strategically located near I-20 and SH-360, this property provides easy access to major employers, shopping, dining, and entertainment. Globe Life Field and AT&T Stadium are just 10 minutes away, making it attractive for tenants who want convenience and accessibility. Situated just one block from Sam Houston High School, this location could appeal to families or individuals seeking proximity to schools and local amenities. Don’t miss out on this move-in-ready investment opportunity—schedule your showing today! Anual income and expense is estmated.

Investor Tools

Property Icon
$209,000
Estimated Property Value
$115,688Estimated Mortgage Balance
$93,312Estimated Equity
44% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,374 /month
Positive
Cash Flow Estimate:
$458 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$440/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,233
$193,664
2025
$20,000
$173,664
$193,664
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,233
$193,664

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Pinnacle Bank
Commercial
$120,000
No
First
May 2, 2024
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$115,688
$93,312
44%
55%
$720/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,560/mo
$720/mo
+$840/mo
9.0%

City: Arlington

2337 Sherry St | Property Details | No Agent List