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$275,000

224 Michael Drive, Burleson, TX, 76028

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,696 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$162.15 / sqft
Year BuiltBuilt in 1971

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Electric Range, Electric Water Heater, Microwave
FlooringCarpet, Ceramic Tile, Wood

Exterior

Exterior FeaturesRain Gutters
Lot Size7,170 sqft

Building Information

Year Built1971
Stories1
Garage Spaces1

Land Information

APN18390-3-23
Lot Number23
SubdivisionHillery Heights Addition
Land UseResidential
Legal DescriptionHILLERY HEIGHTS ADDITION BLOCK 3 LOT 23
Census Tract111030
Assessed Land Value$39,435
Assessed Improvement Value$185,959
Assessment Year2025

About this property

Updated 4 bedroom 2 bath home. Great circle drive for the added vehicle space! Updates include: Ac Motor December 2020, microwave November 2021, and disposal in March 2021. Home features: Nice size living area with a WBFP. Huge utility room with shelves and enough room for a second pantry and freezer! Open kitchen with a breakfast bar, granite counters, and walk in pantry. Plenty of counter space and opens to the living area with a window that overlooks the backyard. Stainless appliances. Guest bathroom has a jetted tub. Primary bedroom has a walk in shower. Pool sized backyard with plenty of room to grow! Long extended covered patio area that is great for morning coffee! Easy access to Burleson amenities and I35.

Investor Tools

Property Icon
$274,000
Estimated Property Value
$0Estimated Mortgage Balance
$31,429Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,650 /month
Positive
Cash Flow Estimate:
$550 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$215/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,208
$225,394
2025
$39,435
$185,959
$225,394
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,208
$225,394

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Bay Street M Llc
2nd Mortgage Made To Cover Down Payment
$261,250
No
First
Jul 25, 2022
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$242,571
$31,429
11%
89%
$1,567/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,020/mo
$1,567/mo
+$453/mo
8.8%

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: Burleson

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224 Michael Drive | Property Details | No Agent List