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$372,888

NAL Estimated Property Value

511 Promise Creek Dr, Arlington, TX, 76002

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,959 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$0.92 / sqft
Year BuiltBuilt in 2007

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesConvection Oven, Dishwasher, Disposal, Plumbed For Ice Maker

Exterior

Lot Size5,497 sqft

Building Information

Year Built2007
Stories1
Garage Spaces2

Land Information

APN39762-B-11
Lot Number11
SubdivisionSouthwind Addition
Land UseResidential
Legal DescriptionSOUTHWIND ADDITION BLOCK B LOT 11
Census Tract111315
Assessed Land Value$60,000
Assessed Improvement Value$312,888
Assessment Year2025

About this property

Gorgeous 3 bedroom, 2 bathrooms 2 car garage home in Mansfield ISD. Open floor plan, tiles in kitchen and wood floor in the living room. It is easy to access Hwy 360 and Hwy 287. Close to shopping centers and Restaurants.

Investor Tools

Property Icon
$372,888
Estimated Property Value
$123,497Estimated Mortgage Balance
$249,391Estimated Equity
66% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,237 /month
Positive
Cash Flow Estimate:
$746 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$848/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,312
$372,888
2025
$60,000
$312,888
$372,888
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,312
$372,888

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Thrive Mortgage Llc
Conventional
$141,946
No
First
Oct 3, 2019
Nov 2049

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$123,497
$249,391
66%
33%
$852/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,880/mo
$852/mo
+$2,028/mo
9.3%

Learn About the Market: Opportunity in Texas

Local Market Pages
Local Market Pages 2Local Market Pages 3Local Market Pages 4

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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511 Promise Creek Dr | Property Details | No Agent List