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$263,075

NAL Estimated Property Value

500 Nw Lorna St, Burleson, TX, 76028

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,450 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$151.66 / sqft
Year BuiltBuilt in 1959

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
AppliancesDishwasher, Gas Range
FlooringWood

Building Information

Year Built1959
Garage Spaces2

Land Information

APN126.2691.01770
Lot Number1
Land UseResidential
Legal DescriptionLOT 1 BLK 8 MONTCLAIR ADDITION
Census Tract130205
Assessed Land Value$46,000
Assessed Improvement Value$217,075
Assessment Year2025

About this property

Great 3 bedroom 2 bathroom home in the heart of Burleson, TX on a corner lot! This home has been renovated to feature a garage conversion creating an open floorplan upon entry where you'll find a spacious living area and kitchen with recessed lighting, updated cabinetry, countertops, & a center island with a breakfast bar. Large primary bedroom with an ensuite full bathroom and great closet space. Two spacious secondary bedrooms with an adjacent full bathroom. Large added pantry, laundry, and storage area just off the kitchen leading to the added 2 car garage with side entry to the home. This home is in a great location near Wilshire Blvd and I35W and has a ton of potential with the option to complete the updates with your own personal touches!

Investor Tools

Property Icon
$263,075
Estimated Property Value
$140,181Estimated Mortgage Balance
$122,894Estimated Equity
46% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,578 /month
Positive
Cash Flow Estimate:
$526 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$433/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,884
$263,075
2025
$46,000
$217,075
$263,075
No

Tax History

Year
Tax Paid
Assessed Value
2025
$3,884
$263,075

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Bank Of America Na
Conventional
$149,900
No
First
Nov 28, 2022
Dec 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$140,181
$122,894
46%
53%
$899/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,020/mo
$899/mo
+$1,121/mo
9.2%

City: Burleson

500 Nw Lorna St | Property Details | No Agent List