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$261,000

NAL Estimated Property Value

227 Ne Michael Dr, Burleson, TX, 76028

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,268 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$165.62 / sqft
Year BuiltBuilt in 1971

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Cooktop, Electric Oven, Microwave
FlooringCarpet, Ceramic Tile

Exterior

Exterior FeaturesRain Gutters, Storage
Lot Size10,537 sqft

Building Information

Year Built1971
Stories1
Garage Spaces2

Land Information

APN18390-16-24
Lot Number24
SubdivisionHillery Heights Addition
Land UseResidential
Legal DescriptionHILLERY HEIGHTS ADDITION BLOCK 16 LOT 24
Census Tract111030
Assessed Land Value$51,041
Assessed Improvement Value$169,832
Assessment Year2025

About this property

HIGHLY DESIRABLE LOCATION & CONVENIENT to I-35 with lots of Shopping & Restaurants Nearby in Popular Downtown Burleson. MOVE IN JUST IN TIME TO CELEBRATE THE HOLIDAYS! Plus Only 25 Minutes from Downtown Fort Worth. Lovely One Story Brick 3 bedroom, 2 bath, 2 car garage home situated on a Spacious Treed Lot in an established neighborhood. Home features Central Air & Heat with Neutral Colors throughout with a large covered patio overlooking the treed backyard with a nice size storage shed. Floorplan features Large bedrooms with carpet throughout and tile in bathrooms, kitchen & breakfast areas. Move in Ready and can close Quickly if Buyer desires. Don't miss out on this AFFORDABLE HOME. MUST SEE!

Investor Tools

Property Icon
$261,000
Estimated Property Value
$270,728Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,566 /month
Positive
Cash Flow Estimate:
$522 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$189/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$957
$220,873
2025
$51,041
$169,832
$220,873
No

Tax History

Year
Tax Paid
Assessed Value
2024
$957
$220,873

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Guild Mortgage Co
Fha
$270,019
Yes
First
May 17, 2024
Jun 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$270,728
N/A
0%
104%
$1,684/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,020/mo
$1,684/mo
+$336/mo
9.3%

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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227 Ne Michael Dr | Property Details | No Agent List