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$283,012

NAL Estimated Property Value

2616 Mitchell Ln, Anna, TX, 75409

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,420 Sq Ft
price_per_sqft$183.03 / sqft
Year BuiltBuilt in 2004

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Oven, Electric Range, Microwave, Refrigerator
FlooringVinyl

Exterior

Exterior FeaturesOther

Building Information

Year Built2004
Stories1
Garage Spaces2

Land Information

APNR-8256-00J-0180-1
Lot Number18
SubdivisionTara Farms No 4 (Can)
Land UseResidential
Legal DescriptionTARA FARMS NO 4 (CAN), BLK J, LOT 18
Census Tract030204
Assessed Land Value$75,000
Assessed Improvement Value$208,012
Assessment Year2025

About this property

****Seller to contribute up to 2% in closing costs as allowable**** Welcome to this charming 3-bedroom, 2-bathroom home, offering a perfect blend of functionality and comfort. Inside, you'll find a well-appointed kitchen featuring laminated countertops and stainless steel appliances, ideal for meal prep and cooking. The spacious living areas lead to comfortable bedrooms, and the two full bathrooms ensure convenience for all. Dark-colored floors throughout enhance the home's warm and inviting atmosphere, while neutral paint colors create a calming environment. Enjoy the large, fully fenced backyard, perfect for both entertaining and relaxation. The beautifully landscaped outdoor space complements the home’s interior and offers a serene retreat. Move-in ready and waiting for you to call it home!

Investor Tools

Property Icon
$283,012
Estimated Property Value
$237,257Estimated Mortgage Balance
$45,755Estimated Equity
16% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,698 /month
Positive
Cash Flow Estimate:
$566 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$581/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,557
$283,012
2025
$75,000
$208,012
$283,012
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,557
$283,012

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United Wholesale Mortgage
Conventional
$242,250
No
First
Mar 17, 2025
Apr 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$237,257
$45,755
16%
84%
$1,453/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,820/mo
$1,453/mo
+$1,367/mo
12.0%

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: Anna

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2616 Mitchell Ln | Property Details | No Agent List