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$349,000

1016 Michael Ct, Irving, TX, 75061

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,093 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$166.75 / sqft
Year BuiltBuilt in 1964

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven
FlooringCarpet, Tile, Wood

Exterior

Exterior FeaturesRain Gutters
Lot Size10,800 sqft

Building Information

Year Built1964
Stories1
Roof Type105
Garage Spaces2

Land Information

APN32490500020260000
Lot Number26
SubdivisionSleepy Hollow
Land UseResidential
Legal DescriptionSLEEPY HOLLOW 1 BLK B LT 26 & PT. 25 INT202200243399 DD09082022 CO-DC 4905000202600 2CI49050002
Census Tract014502
Assessed Land Value$76,500
Assessed Improvement Value$273,140
Assessment Year2025

About this property

Great single story 4 bedroom 3 bath on a a quiet cul-de-sac and corner lot. Floor plan includes formal dining, living areas and walk in closets. Living room has a brick wood burning fireplace. Large master bedroom with dressing area, master bath, and 2 closets. Perfect location in the Popular Hospital District with schools, restaurants, shopping, and close to major freeways.

Investor Tools

Property Icon
$382,000
Estimated Property Value
$353,479Estimated Mortgage Balance
$52,613Estimated Equity
7% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,292 /month
Positive
Cash Flow Estimate:
$764 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$552/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,711
$349,640
2025
$76,500
$273,140
$349,640
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,711
$349,640

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Independent Bank
Fha
$353,479
Yes
First
Sep 8, 2022
Oct 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$329,387
$52,613
13%
86%
$2,120/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,572/mo
$2,120/mo
+$452/mo
8.1%

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: Irving

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1016 Michael Ct | Property Details | No Agent List