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$252,356

NAL Estimated Property Value

5847 WATER RIDGE Drive, Arlington, TX, 76016

Off MarketInfo
Beds2 Beds
Baths3 Bath
Baths1,438 Sq Ft
price_per_sqft$118.22 / sqft
Year BuiltBuilt in 1985

Property Lead Type:

Off-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Microwave, Electric Water Heater
FlooringCeramic Tile, Wood

Exterior

Exterior FeaturesBalcony, Rain Gutters, Lighting

Building Information

Year Built1985
Garage Spaces1

Land Information

APN45268C---D----1
Lot Number1
SubdivisionWaterwood Village
Land UseResidential
Legal DescriptionWATERWOOD VILLAGE BLOCK D LOT 1 .0295 CE
Census Tract121608
Assessed Land Value$40,000
Assessed Improvement Value$212,356
Assessment Year2025

About this property

Beautifully updated end unit with rare & hard to find 2 car garage, within walking distance to Lake Arlington & park. Gorgeous tile flooring & hardwood floors at stairs & both upstairs bedrooms. Updated lighting package, peaceful back yard area great for entertaining. Private balcony off the master bedroom with a breath taking view of the lake. This is an updated condo in Waterwood Village and centered in a prime location. Enjoy your morning coffee in your private back yard in the garden & unwind with your favorite music and wine on the balcony while the sun sets over the horizon feeling the cool breeze from the lake! This condo belongs to you.

Investor Tools

Property Icon
$252,356
Estimated Property Value
$203,760Estimated Mortgage Balance
$48,596Estimated Equity
19% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,514 /month
Positive
Cash Flow Estimate:
$505 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$425/month
$321/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,840
$252,356
2025
$40,000
$212,356
$252,356
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,840
$252,356

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cardinal Financial Company Lp
Conventional
$219,450
No
First
Jul 12, 2022
Aug 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$203,760
$48,596
19%
81%
$1,316/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,960/mo
$1,637/mo
+$323/mo
9.3%

City: Arlington

5847 WATER RIDGE Drive | Property Details | No Agent List