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$299,900

5409 Lookout Trl, Arlington, TX, 76017

Under ContractInfo
Beds3 Beds
Baths2 Bath
Baths1,840 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$162.99 / sqft
Year BuiltBuilt in 1986

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
AppliancesDishwasher, Disposal, Electric Range, Electric Water Heater
FlooringCarpet, Ceramic Tile, Vinyl

Exterior

Exterior FeaturesRain Gutters, Storage
Lot Size7,623 sqft

Building Information

Year Built1986
Stories1
Garage Spaces2

Land Information

APN18200-8-8
Lot Number8
SubdivisionHighpoint Addition
Land UseResidential
Legal DescriptionHIGHPOINT ADDITION BLOCK 8 LOT 8
Census Tract111532
Assessed Land Value$55,000
Assessed Improvement Value$192,064
Assessment Year2025

About this property

This spacious home offers an exceptional opportunity for buyers seeking space, functionality, and the chance to add equity to the home their own personal touches. While the property does need some updating and cosmetic improvements, it offers outstanding potential to create significant value and make the home truly your own. The home features a recently installed 3yr roof that is less than one year old, providing the durability and peace of mind. An oversized garage offers ample room for vehicles, workshop space, freezers, or additional storage. A storage shed located in the backyard offers even more room for lawn equipment, tools, hobbies, and seasonal storage. Inside, the spacious living room serves as the heart of the home with 11-foot vaulted ceilings, abundant natural light, and a lovely gas fireplace that creates a warm and inviting atmosphere. Ceiling fans are located throughout the living area, breakfast area, kitchen, all bedrooms. The kitchen offers excellent functionality with a breakfast bar, pantry, dishwasher, range, and vent hood. It is also plumbed for gas. The adjacent utility room is likewise plumbed for gas. The versatile floor plan includes two dining areas plus an additional space which could function as a home office or 2nd living area. A large window in the formal dining area provides beautiful natural light and enhances the home's open feel. The oversized primary suite offers a private retreat with generous space for large furnishings and a sitting area. The primary bath features dual sinks, a separate garden tub and shower, a dedicated vanity area for makeup or personal use, and a spacious walk-in closet. Additional features include gas heat, a gas water heater, abundant storage and flexible living spaces. Close to highways, hospitals, shopping, entertainment, schools, parks, and more. Only 12 miles to downtown Ft Worth and 30 miles to downtown Dallas.

Investor Tools

Property Icon
$313,000
Estimated Property Value
$113,600Estimated Mortgage Balance
$313,000Estimated Equity
64% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,878 /month
Positive
Cash Flow Estimate:
$626 /month

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Wayne Barnes

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$416/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,426
$247,064
2025
$55,000
$192,064
$247,064
No

Tax History

Year
Tax Paid
Assessed Value
2025
$3,426
$247,064

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Americas Wholesale Lndr
Unknown
$113,600
No
First
N/A
May 2017

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$313,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,010/mo
N/A
+$2,010/mo
7.7%

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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5409 Lookout Trl | Property Details | No Agent List