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$245,679

NAL Estimated Property Value

406 Lemon Dr, Arlington, TX, 76018

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths1,155 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$212.12 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Cooktop, Electric Oven, Microwave
FlooringLaminate

Exterior

Lot Size7,558 sqft

Building Information

Year Built1983
Stories1
Garage Spaces2

Land Information

APN13510-18-13
Lot Number13
SubdivisionFairfield Addition
Land UseResidential
Legal DescriptionFAIRFIELD ADDITION BLOCK 18 LOT 13
Census Tract111541
Assessed Land Value$68,058
Assessed Improvement Value$177,621
Assessment Year2025

About this property

Wow! 2 bedroom home with HUGE back yard perfect for family and entertaining. Step into this lovely open concept living room with high ceilings and beautiful wood beams. Living is open to the dining and kitchen, with space in all the right places! The kitchen cabinets are in excellent condition, and there is a bay window over the sink letting in all the natural light. Tons of storage space plus built in shelves for all your decor. Spacious bedrooms and newer laminate flooring make the home warm and inviting, and how about a brick fireplace for cozy winter nights! The back yard is enormous and has a large covered deck that's a great spot to grill and hang out. The single car garage has plenty of space to park, and the location just off of I-20 is ideal for commuters. This home is a true gem. Come see it today!

Investor Tools

Property Icon
$245,679
Estimated Property Value
$217,937Estimated Mortgage Balance
$27,742Estimated Equity
11% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,474 /month
Positive
Cash Flow Estimate:
$491 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$502/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,801
$245,679
2025
$68,058
$177,621
$245,679
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,801
$245,679

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Simmons Bank
Conventional
$224,975
No
First
Aug 23, 2024
Sep 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$217,937
$27,742
11%
89%
$1,349/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,690/mo
$1,349/mo
+$1,341/mo
13.1%

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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406 Lemon Dr | Property Details | No Agent List