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$325,000

5109 Parliament Dr, Arlington, TX, 76017

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths1,640 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$198.17 / sqft
Year BuiltBuilt in 1979

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Range

Exterior

Lot Size7,349 sqft

Building Information

Year Built1979
Stories1
Garage Spaces2

Land Information

APN39380-2-8
Lot Number8
SubdivisionSouth Forest Addition
Land UseResidential
Legal DescriptionSOUTH FOREST ADDITION BLOCK 2 LOT 8
Census Tract111534
Assessed Land Value$55,000
Assessed Improvement Value$241,980
Assessment Year2025

About this property

Beautifully updated South Arlington home zoned for Martin High School! 5109 Parliament Drive offers a fresh contemporary feel with an open, light-filled floor plan designed for both everyday living and entertaining. The spacious living room features soaring vaulted ceilings, abundant natural light and a striking painted-brick fireplace that serves as the focal point of the space. The renovated kitchen opens to both the living and dining areas and features white shaker-style cabinetry, sleek countertops, stainless steel appliances, a modern vent hood, contrasting subway-tile backsplash, deep single-basin sink and an oversized breakfast bar with additional seating. A generous dining area surrounded by windows adds even more natural light and overlooks the outdoor space. Updated flooring, fresh neutral finishes and clean modern details continue throughout the home. Outside, mature trees, an established lawn, brick exterior with updated contrasting trim and an attached two-car garage create wonderful curb appeal. Conveniently located near shopping, dining, parks and major Arlington thoroughfares with easy access throughout the DFW area. A stylish, move-in-ready home in an established South Arlington neighborhood!

Investor Tools

$234,771Estimated Mortgage Balance
$63,229Estimated Equity
21% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,950 /month
Positive
Cash Flow Estimate:
$650 /month

Interested in this property?

Darrell Toler

Dave Perry Miller Real Estate

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$209/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,013
$296,980
2025
$55,000
$241,980
$296,980
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,013
$296,980

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Capital Fund I Llc
Unknown
$235,450
No
First
Jun 1, 2026
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$234,771
$63,229
21%
79%
$1,412/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,010/mo
$1,412/mo
+$598/mo
8.1%

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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