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$208,000

NAL Estimated Property Value

220 NW Summercrest Boulevard, Burleson, TX, 76028

Off MarketInfo
Beds3 Beds
Baths1 Bath
Baths1,278 Sq Ft
price_per_sqft$156.49 / sqft
Year BuiltBuilt in 1960

Property Lead Type:

BankruptcyOff-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
AppliancesDishwasher, Gas Cooktop, Gas Range
FlooringCarpet, Laminate

Building Information

Year Built1960

Land Information

APN126.2750.00690
Lot Number3
Land UseResidential
Legal DescriptionLOT 3 BLK 6 SUMMERCREST ADDN
Census Tract130218
Assessed Land Value$52,000
Assessed Improvement Value$146,514
Assessment Year2025

About this property

Attention all investors and first time homebuyers!! The tenant just moved out of this property, and the owner is giving the oppurunity to pick this one up before he takes it off the market to make some minor cosmetic adjustments. This home already has a remodeled bathroom, updated fixtures, and a remodeled kitchen. The homeowner has made tons of updates to this lovely home, including converting the 1 car garage into additional living space. The central heat and air was updated at the beginning of 2020 along with all cast iron replaced with PVC. If that's not enough, there is also a 2020 tankless gas water heater and updated electrical from the same year. With tons of updates, you can also expect a large fenced backyard. Come see this home today, and make your offer! The home has some cosmetic updates the new owner will want to consider such as flooring and paint.*Multiple Offers Received.OWNER WILL BE CONSIDERING OFFERS UNTIL MONDAY MARCH 14TH AT 5:00 PM.

Investor Tools

Property Icon
$208,000
Estimated Property Value
$131,591Estimated Mortgage Balance
$76,409Estimated Equity
36% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,248 /month
Positive
Cash Flow Estimate:
$416 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$467/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,560
$198,514
2025
$52,000
$146,514
$198,514
No

Tax History

Year
Tax Paid
Assessed Value
2025
$4,560
$198,514

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
The Cowboy Bank Of Texas
Conventional
$142,500
No
First
Apr 15, 2022
May 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$131,591
$76,409
36%
63%
$855/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,020/mo
$855/mo
+$1,165/mo
11.7%

City: Burleson

220 NW Summercrest Boulevard | Property Details | No Agent List