Last 24 Hours
$274,000
NAL Estimated Property Value224 Michael Drive, Burleson, TX, 76028
Off Market
4 Beds
2 Bath
1,696 Sq Ft
$162.15 / sqft
Built in 1971Property Lead Type:
Off-Market ListAbsentee OwnerHigh Equity
Highlights
Interior
Bedrooms 4
Bathrooms Full 2
Garage Available
Heating Central
CoolingAppliancesDishwasher, 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
$274,000
Estimated Property Value
$242,571Estimated Mortgage Balance
$31,429Estimated Equity
11% 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
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%
12.4%