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$362,000

NAL Estimated Property Value

7204 Royal Gate Dr, Arlington, TX, 76016

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,962 Sq Ft
price_per_sqft$183.49 / sqft
Year BuiltBuilt in 1987

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesElectric Cooktop, Electric Oven, Gas Water Heater, Microwave
FlooringVinyl

Exterior

Lot Size10,672 sqft

Building Information

Year Built1987
Stories1
Garage Spaces2

Land Information

APN36693-B-75
Lot Number75
SubdivisionRoyal Gate Addition
Land UseResidential
Legal DescriptionROYAL GATE ADDITION BLOCK B LOT 75
Census Tract121611
Assessed Land Value$59,673
Assessed Improvement Value$262,139
Assessment Year2025

About this property

Completely renovated with quality craftsmanship and attention to detail, this beautiful home is ready for its next family. Step inside and you will immediately notice the details that you just don't find in a lot of homes; coffered and recessed ceiling treatments in the living, dining, eat in kitchen and primary bedroom. You will also notice the abundance of tall windows allowing natural light to flood the home. Fresh neutral paint, new flooring, beautiful light fixtures and recessed lighting can also be found throughout the home. The kitchen, open to the living and dining areas, offers white cabinetry, complemented with granite countertops, ceramic subway tile backsplash and all new stainless steel appliances. The big utility room, complete with sink, shelving,cabinetry and a hanging area will make doing laundry a breeze. The primary bedroom has a large bathroom with a soaking tub, separate shower and his and hers closets. The secondary bedrooms are also nicely sized with walk in closets. The home also has a large backyard to extend your living outdoors. A new roof and foundation repairs (with lifetime warranty) make this home a worry free investment. 7204 Royal Gate Drive is in the Martin High School attendance zone, and its near proximity to I20 make for an easy commute throughout the metroplex. Seller will offer a $1,000 credit for sod with an acceptable offer. There is no survey available, will be a buyers expense.

Investor Tools

Property Icon
$362,000
Estimated Property Value
$343,573Estimated Mortgage Balance
$18,427Estimated Equity
5% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,172 /month
Positive
Cash Flow Estimate:
$724 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$242/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,096
$321,812
2025
$59,673
$262,139
$321,812
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,096
$321,812

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Nfm Inc
Conventional
$349,200
No
First
Jun 5, 2025
Jul 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$343,573
$18,427
5%
95%
$2,094/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,590/mo
$2,094/mo
+$496/mo
8.6%

City: Arlington

7204 Royal Gate Dr | Property Details | No Agent List