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$225,316

2420 Homewood Trl, Arlington, TX, 76015

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,064 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$197.37 / sqft
Year BuiltBuilt in 1982

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Oven
FlooringCeramic Tile, Concrete, Laminate

Exterior

Lot Size7,871 sqft

Building Information

Year Built1982
Stories1
Garage Spaces2

Land Information

APN31153-5-7
Lot Number7
SubdivisionOlympia Park
Land UseResidential
Legal DescriptionOLYMPIA PARK BLOCK 5 LOT 7
Census Tract111526
Assessed Land Value$56,875
Assessed Improvement Value$168,441
Assessment Year2025

About this property

Motivated seller! Bring all offers. Welcome to this delightful 2-bedroom, 2-bathroom brick home, ideal for first-time buyers, downsizers, or savvy investors being within 5 miles of UTA! With a brand-new roof (2024) and new HVAC system (2023), offering peace of mind with several major updates already completed. Step inside to vaulted ceilings that create an open, airy feel in the living spaces. The kitchen and living room feature updated flooring, enhancing the home’s modern appeal, while a wood-burning fireplace adds warmth and character—perfect for cozy nights in. Both bathrooms have been updated, and fresh paint enhances several rooms. Modern light fixtures have been updated throughout. The garage has been finished out with painted floors, making it ready for a home gym if desired. It was previously used as a gym, offering a great space for fitness enthusiasts. Outside, enjoy a spacious backyard with a deck—ideal for entertaining or relaxing. Huge shed in backyard for all your storage needs. Located near parks, shopping, schools, and restaurants, this home offers both comfort and convenience. Don’t wait— schedule your showing today! Selling as is. Multiple offers. Highest and Best due Friday April 11th at 1pm.

Investor Tools

Property Icon
$225,316
Estimated Property Value
$203,700Estimated Mortgage Balance
$25,203Estimated Equity
10% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,352 /month
Positive
Cash Flow Estimate:
$451 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$329/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,827
$225,316
2025
$56,875
$168,441
$225,316
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,827
$225,316

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Paramount Residential Mortgage Group
Conventional
$203,700
No
First
May 20, 2025
Jun 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$200,113
$25,203
11%
89%
$1,222/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,090/mo
$1,222/mo
+$868/mo
11.1%

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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2420 Homewood Trl | Property Details | No Agent List