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$257,000

NAL Estimated Property Value

316 Spanish Moss Drive, Arlington, TX, 76018

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,420 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$154.93 / sqft
Year BuiltBuilt in 1985

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesWater Purifier, Dishwasher, Disposal, Electric Range, Refrigerator, Electric Water Heater
FlooringCeramic Tile, Laminate

Exterior

Exterior FeaturesStorage
Lot Size5,162 sqft

Building Information

Year Built1985
Stories2
Garage Spaces2

Land Information

APN13510-52-21
Lot Number21
SubdivisionFairfield Addition
Land UseResidential
Legal DescriptionFAIRFIELD ADDITION BLOCK 52 LOT 21
Census Tract111541
Assessed Land Value$46,476
Assessed Improvement Value$206,555
Assessment Year2025

About this property

This is the home that you have been waiting for... a spacious 3 bedroom, 2 bath home with a versatile floor plan. Choose how you live in this home as you have 2 living & 2 dining areas. 2 car garage. Kitchen updated with granite counters and cabinets. Bamboo laminate floors, ceramic tile, & luxury vinyl plank flooring. The built in cabinets in the sunroom have a warming cabinet. HVAC updated 2008. Roof replaced 2019. Sunroom (38x11) added to the home in 2018. Solar panels leased and buyer to assume payments of $179.90 per month. Water purification leased at $90 per month. Walking distance to Cravens Park, and with easy access to the freeways.

Investor Tools

Property Icon
$257,000
Estimated Property Value
$195,001Estimated Mortgage Balance
$61,999Estimated Equity
24% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,542 /month
Positive
Cash Flow Estimate:
$514 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$568/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,530
$253,031
2025
$46,476
$206,555
$253,031
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,530
$253,031

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Efinity Financial Inc
Fha
$216,015
Yes
First
Apr 2, 2021
May 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$195,001
$61,999
24%
76%
$1,296/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,690/mo
$1,296/mo
+$1,394/mo
12.6%

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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316 Spanish Moss Drive | Property Details | No Agent List