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$237,000

NAL Estimated Property Value

6302 Mercedes Dr, Arlington, TX, 76001

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,074 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$204.75 / sqft
Year BuiltBuilt in 1984

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

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

Exterior

Exterior FeaturesRain Gutters, Lighting
Lot Size5,672 sqft

Building Information

Year Built1984
Stories1
Garage Spaces2

Land Information

APN37925-13-27
Lot Number27
SubdivisionSeville Hills Subdivision
Land UseResidential
Legal DescriptionSEVILLE HILLS SUBDIVISION BLOCK 13 LOT 27
Census Tract111544
Assessed Land Value$45,000
Assessed Improvement Value$168,922
Assessment Year2025

About this property

What a great find in South Arlington conveniently close to shops and restaurants. The high ceilings in this carpetless home, make it feel much bigger than its small footprint, and allows for a ton of natural light to shine through nearly every corner of the home. You will love the living area with a wood burning fireplace. The kitchen extends out to the dining area with a breakfast bar to give it that openness and inviting space. Great sized backyard with a patio to enjoy that cup of coffee in the mornings or choice of drink in the evenings. The solar panels convey with the home and are a huge money saver on your electricity! The newer low-e windows also help with energy savings. Split bedrooms make it ideal for a great rental. One has its own private bath and the other has entry to the hall bath from the bedroom. You also get a full size two car garage, and a good size driveway for plenty of parking. Schedule your tour today because at this price, it will not last.

Investor Tools

Property Icon
$237,000
Estimated Property Value
$195,948Estimated Mortgage Balance
$41,052Estimated Equity
17% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,422 /month
Positive
Cash Flow Estimate:
$474 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$365/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,201
$213,922
2025
$45,000
$168,922
$213,922
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,201
$213,922

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Independence Bank
Conventional
$207,000
No
First
Jun 21, 2023
Jul 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$195,948
$41,052
17%
83%
$1,242/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,910/mo
$1,242/mo
+$668/mo
9.7%

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.

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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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6302 Mercedes Dr | Property Details | No Agent List