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$396,000

NAL Estimated Property Value

11550 Mitchell Circle, Ponder, TX, 76259

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,385 Sq Ft
price_per_sqft$187 / sqft
Year BuiltBuilt in 2005

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Microwave
FlooringCeramic Tile, Vinyl

Exterior

Lot Size1.21 acres

Building Information

Year Built2005
Stories1
Roof Type105
Garage Spaces4

Land Information

APNR278636
Lot Number2
SubdivisionDrop M Estates Ph 1
Land UseResidential
Legal DescriptionDROP M ESTATES PH 1 BLK C LOT 2
Census Tract020313
Assessed Land Value$122,343
Assessed Improvement Value$252,364
Assessment Year2025

About this property

3x2 custom home on 1.2 acres in Ponder ISD. Some of the features include a back patio where you can see open fields, covered front porch for your coffee, and a nice paved driveway. The 30x30 shop sits right next to the house and could easily be an exercise room, extra-living space, a home based business, or even converted into a mother-in-law suite as it already has its own HVAC system, electric, and very well insulated. The floorplan of this home is very open and has tile and vinyl wood through out. This home will not last long.

Investor Tools

Property Icon
$396,000
Estimated Property Value
$196,160Estimated Mortgage Balance
$199,840Estimated Equity
50% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,376 /month
Positive
Cash Flow Estimate:
$792 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$272/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,278
$374,707
2025
$122,343
$252,364
$374,707
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,278
$374,707

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Atlantic Home Loans Inc
Conventional
$228,950
No
First
Mar 25, 2019
Apr 2034

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$196,160
$199,840
50%
50%
$1,373/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,090/mo
$1,373/mo
+$717/mo
6.3%

City: Ponder

11550 Mitchell Circle | Property Details | No Agent List