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$245,000

NAL Estimated Property Value

2623 Mimosa Park Drive, Richland Hills, TX, 76118

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,288 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$201.86 / sqft
Year BuiltBuilt in 1971

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListHigh Equity

Highlights

Interior

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

Exterior

Private PoolPrivate Pool
Lot Size12,327 sqft

Building Information

Year Built1971
Stories1
Garage Spaces2

Land Information

APN34190-35-7
Lot Number7
SubdivisionRichland Park Addition
Land UseResidential
Legal DescriptionRICHLAND PARK ADDITION BLOCK 35 LOT 7
Census Tract113302
Assessed Land Value$53,495
Assessed Improvement Value$130,655
Assessment Year2025

About this property

Welcome to this beautifully maintained 3-bedroom, 2-bathroom home nestled in the desirable Richland Park neighborhood. Boasting 1,288 sqft of living space, this single-story brick and wood residence offers a functional layout and timeless charm, perfect for first-time buyers or those looking to downsize.Step into a spacious living room with abundant natural light, flowing seamlessly into the cozy dining area. The kitchen features double ovens, a gas cooktop, and plenty of cabinet space—great for everyday cooking and entertaining. The generously sized primary suite includes a linen closet and room to relax. Enjoy summer days in the above-ground pool or entertain in the large backyard—sitting on over a quarter-acre lot with mature trees and privacy fencing. Located within the acclaimed Birdville ISD, this home offers quick access to major highways and is just 10 minutes from downtown Fort Worth, putting dining, entertainment, and shopping right at your fingertips. Only two blocks away from a community park. No HOA! Don’t miss your opportunity to own this move-in-ready gem in a peaceful, established neighborhood.

Investor Tools

Property Icon
$245,000
Estimated Property Value
$241,343Estimated Mortgage Balance
$3,657Estimated Equity
1% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,560 /month
Positive
Cash Flow Estimate:
$520 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$296/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,330
$184,150
2025
$53,495
$130,655
$184,150
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,330
$184,150

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
American Pacific Mortgage Corp
Conventional
$244,925
No
First
Jul 10, 2025
Aug 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$241,343
$3,657
1%
99%
$1,469/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,927/mo
$1,469/mo
+$458/mo
9.4%

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: Richland Hills

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2623 Mimosa Park Drive | Property Details | No Agent List