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$292,000

NAL Estimated Property Value

5515 Sarasota Drive, Arlington, TX, 76017

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,792 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$122.77 / sqft
Year BuiltBuilt in 1977

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Electric Water Heater
FlooringCeramic Tile, Laminate

Exterior

Lot Size10,372 sqft

Building Information

Year Built1977
Stories1
Garage Spaces2

Land Information

APN44582-6-7
Lot Number7
SubdivisionVermillion Place Addition
Land UseResidential
Legal DescriptionVERMILLION PLACE ADDITION BLOCK 6 LOT 7
Census Tract111534
Assessed Land Value$55,000
Assessed Improvement Value$181,686
Assessment Year2025

About this property

Large home with spacious rooms. Super spacious living area with fireplace. Large kitchen and dining room. Half bath off of hallway. All of the bedrooms are large. Three bedrooms, two baths plus half bath. This home was extensively renovated and updated in 2011. In May 2020 it was freshly painted, had fencing replaced. Two garage doors replaced, new bathtub in master, Seller is replacing dishwasher. This home boasts tile and laminate flooring and sits on a larger corner lot big enough for a playground! Located in a cul de sac inlet. Seller will remove shed at Buyer's request.

Investor Tools

Property Icon
$292,000
Estimated Property Value
$191,915Estimated Mortgage Balance
$100,085Estimated Equity
34% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,752 /month
Positive
Cash Flow Estimate:
$584 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$522/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,803
$236,686
2025
$55,000
$181,686
$236,686
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,803
$236,686

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Texas Tech Fcu
Fha
$216,015
Yes
First
Aug 5, 2020
Sep 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$191,915
$100,085
34%
66%
$1,296/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,010/mo
$1,296/mo
+$714/mo
8.3%

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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5515 Sarasota Drive | Property Details | No Agent List