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$333,000

NAL Estimated Property Value

5622 Ridge Drive, Arlington, TX, 76016

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,739 Sq Ft
price_per_sqft$140.89 / sqft
Year BuiltBuilt in 1975

Property Lead Type:

Off-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Range, Microwave, Plumbed For Ice Maker
FlooringCarpet, Ceramic Tile, Laminate

Exterior

Exterior FeaturesRain Gutters, Storage
Lot Size8,398 sqft

Building Information

Year Built1975
Stories1
Garage Spaces2

Land Information

APN800-M-2
Lot Number2
SubdivisionArbor Valley
Land UseResidential
Legal DescriptionARBOR VALLEY BLOCK M LOT 2
Census Tract121608
Assessed Land Value$57,400
Assessed Improvement Value$216,600
Assessment Year2025

About this property

Beautifully remodeled 3 bed 2 bath home in the Ditto, Young & Martin section of AISD. Fully updated kitchen features new cabinets, granite countertops, backsplash, island with wood cutting block countertop. Both bathrooms fully updated with new cabinets, granite and new tile in showers. New flooring, fresh paint, updated appliances and lighting. New exterior ac unit. Roof replaced in October 2018. Electrical panel replaced January 2020. Large backyard with storage shed and swingset. Foundation repaired with transferable warranty. Walking distance to Ditto Elementary.

Investor Tools

Property Icon
$333,000
Estimated Property Value
$206,777Estimated Mortgage Balance
$126,223Estimated Equity
37% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,998 /month
Positive
Cash Flow Estimate:
$666 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$551/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,942
$274,000
2025
$57,400
$216,600
$274,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,942
$274,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Carrington Mortgage Services Llc
Fha
$235,653
Yes
First
Feb 28, 2020
Mar 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$206,777
$126,223
37%
62%
$1,413/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,590/mo
$1,413/mo
+$1,177/mo
9.3%

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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5622 Ridge Drive | Property Details | No Agent List