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$309,506

NAL Estimated Property Value

721 Morgan Dr, Burleson, TX, 76028

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,735 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$170.03 / sqft
Year BuiltBuilt in 2009

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
AppliancesDishwasher, Disposal, Microwave
FlooringCombination

Exterior

Exterior FeaturesRain Gutters
Lot Size7,144 sqft

Building Information

Year Built2009
Garage Spaces2

Land Information

APN126.2690.01890
Lot Number24
Land UseResidential
Legal DescriptionLOT 24 BLK 9 MEADOW CREST ESTATES SEC 8
Census Tract130217
Assessed Land Value$50,000
Assessed Improvement Value$259,506
Assessment Year2025

About this property

Just around the corner from the neighborhood park, playground, and pickle ball courts, this 3-bedroom, 2-bath home offers a functional layout in one of Burleson's established neighborhoods. The open living area is centered around a wood-burning fireplace and flows into the dining space and kitchen with abundant cabinet storage and a breakfast bar. The private primary suite features dual vanities, a soaking tub, separate shower, and walk-in closet. Outside, you'll find a covered patio, mature shade trees, and a fully fenced backyard with room to enjoy. Conveniently located just minutes from H-E-B Plus, Old Town Burleson, local restaurants, shopping, Chisholm Trail Parkway, and I-35W.

Investor Tools

Property Icon
$309,506
Estimated Property Value
$136,174Estimated Mortgage Balance
$173,707Estimated Equity
56% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,857 /month
Positive
Cash Flow Estimate:
$619 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$640/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,128
$309,506
2025
$50,000
$259,506
$309,506
No

Tax History

Year
Tax Paid
Assessed Value
2025
$6,128
$309,506

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Sfmc Lp
Fha
$173,794
Yes
First
May 12, 2016
Jun 2046

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$136,174
$173,332
56%
44%
$1,042/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,020/mo
$1,042/mo
+$978/mo
7.8%

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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721 Morgan Dr | Property Details | No Agent List