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$427,000

NAL Estimated Property Value

3018 Oak Cove Rd, Arlington, TX, 76017

$478,081 ARVInfo
Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,876 Sq Ft
price_per_sqft$132.13 / sqft
Year BuiltBuilt in 1992

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesConvection Oven, Dishwasher, Electric Cooktop, Electric Oven, Disposal, Gas Water Heater, Microwave, Vented Exhaust Fan
FlooringLuxury Vinyl Plank, Tile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesRain Gutters, Storage
Lot Size6,395 sqft

Building Information

Year Built1992
Stories2
Garage Spaces2

Land Information

APN30628C-2-44
Lot Number44
SubdivisionOak Lake Addition
Land UseResidential
Legal DescriptionOAK LAKE ADDITION BLOCK 2 LOT 44 & PART OF COMMON AREA
Census Tract111530
Assessed Land Value$75,000
Assessed Improvement Value$304,161
Assessment Year2025

About this property

Welcome home to the best value in Oak Lake & just a few blocks from award winning Wood Elementary School. Just minutes to shopping, entertainment & dining! This home features ample natural light and gorgeous engineered flooring throughout the main living areas. Large living room with vaulted ceilings and beautiful fireplace. The open kitchen features an island, granite counter tops, plenty of cabinetry, decorative backsplash & breakfast area. The adjoining dining room is perfect for those more formal occasions. The first floor Primary Suite has flex space connected by glass French doors, perfect for the remote worker or fitness fanatic. The en-suite bathroom includes separate shower, bathtub, double vanity & large walk-in closet. Upstairs find additional space for game room or second living area. Fully-fenced backyard includes a covered back patio. Oak Lake HOA dues include front yard lawn maintenance, community pool with clubhouse, tennis courts & lake with a private gated island.

Investor Tools

Property Icon
$427,000
Estimated Property Value
$375,620Estimated Mortgage Balance
$51,380Estimated Equity
12% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$478,081
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,562 /month
Positive
Cash Flow Estimate:
$854 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$715/month
$146/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,442
$379,161
2025
$75,000
$304,161
$379,161
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,442
$379,161

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Southside Bank
Va
$398,860
Yes
First
Mar 9, 2023
Apr 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$375,620
$51,380
12%
88%
$2,392/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,010/mo
$2,538/mo
$-528/mo
5.6%

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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3018 Oak Cove Rd | Property Details | No Agent List