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$230,000

NAL Estimated Property Value

3231 Mimosa Park Drive, Richland Hills, TX, 76118

Off MarketInfo
Beds3 Beds
Baths1 Bath
Baths1,252 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$195.69 / sqft
Year BuiltBuilt in 1953

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Range, Microwave, Vented Exhaust Fan
FlooringCarpet, Ceramic Tile

Exterior

Exterior FeaturesLighting
Lot Size10,080 sqft

Building Information

Year Built1953
Stories1
Garage Spaces2

Land Information

APN25145-1-9
Lot Number9
SubdivisionMatthew Resub
Land UseResidential
Legal DescriptionMATTHEW RESUB BLOCK 1 LOT 9
Census Tract113302
Assessed Land Value$50,120
Assessed Improvement Value$173,797
Assessment Year2025

About this property

Charming updated home nestled in the desirable community of Richland Hills in Birdville ISD! Offering three spacious bedrooms, one bath, and a one-car garage, this property is situated on nearly a quarter acre of land, providing plenty of space for children, gardening, pets, and outdoor activities. Recent updates include a new AC with a 12 year warranty 2022, new windows 2018, tankless water heater 2020, new carpet 2023, remodeled bathroom 2018, exterior trim recently painted 2022 and new driveway 2023. Other updates include added insulation on all interior walls and a Tuff Shed in back yard on a concrete base. Great location convenient to NE Mall, restaurants, shopping, Rufe Snow and I-820.

Investor Tools

Property Icon
$230,000
Estimated Property Value
$221,818Estimated Mortgage Balance
$8,182Estimated Equity
3% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,470 /month
Positive
Cash Flow Estimate:
$490 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$506/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,925
$223,917
2025
$50,120
$173,797
$223,917
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,925
$223,917

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Rocket Mortgage Llc
Conventional
$232,750
No
First
Oct 2, 2023
Nov 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$221,818
$8,182
3%
96%
$1,396/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,927/mo
$1,396/mo
+$531/mo
10.1%

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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3231 Mimosa Park Drive | Property Details | No Agent List