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$425,000

3020 Oak Cove Rd, Arlington, TX, 76017

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,264 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$187.72 / sqft
Year BuiltBuilt in 1996

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesGas Cooktop, Microwave, Convection Oven, Vented Exhaust Fan, Water Softener
FlooringCarpet, Ceramic Tile, Hardwood

Exterior

Exterior FeaturesRain Gutters, Misting System
Lot Size7,728 sqft

Building Information

Year Built1996
Stories1
Garage Spaces2

Land Information

APN30628C-2-43
Lot Number43
SubdivisionOak Lake Addition
Land UseResidential
Legal DescriptionOAK LAKE ADDITION BLOCK 2 LOT 43 & PART OF COMMON AREA
Census Tract111530
Assessed Land Value$75,000
Assessed Improvement Value$281,000
Assessment Year2025

About this property

FABULOUS FIND in OAK LAKE! Want that perfect neighborhood? You know, the one that mows your front yard, has a club house, pool, tennis courts, private lake and walking trails around it? Lake access for all residents… in Arlington? YES, IT REALLY DOES EXIST! -- This gorgeous home has 3 bedrooms plus an office, elegant crown molding, arched windows, real wood floors, and a kitchen that will make any gourmet cook’s heart melt with granite counters, Café gas cooktop, Bellagio exterior venting hood, convection wall oven, inverter microwave, MOVEABLE ISLAND, upgraded oak cabinets with up & down lights (some with slide outs), and more! – Master bath will take your breath away too, as will just sitting on the back porch. Be sure to see the FEATURES & UPGRADES list, as there are way too many to mention here. BE SURE TO click the VIRTUAL TOUR link for a full, 3D virtual walk. You can look up at the ceilings, down at floors & move throughout as if you are there. Hurry! This one won’t last long!

Investor Tools

Property Icon
$394,000
Estimated Property Value
$389,500Estimated Mortgage Balance
$33,003Estimated Equity
1% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,550 /month
Positive
Cash Flow Estimate:
$850 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$663/month
$133/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,981
$356,000
2025
$75,000
$281,000
$356,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,981
$356,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
V I P Independent Mortgage Inc
Conventional
$389,500
No
First
Jun 16, 2022
Jul 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$360,997
$33,003
8%
92%
$2,336/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,010/mo
$2,469/mo
$-459/mo
6.1%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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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