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$415,086

NAL Estimated Property Value

1200 Gibson Dr, Melissa, TX, 75454

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,033 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$218.89 / sqft
Year BuiltBuilt in 2020

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
AppliancesDishwasher, Disposal, Electric Cooktop, Microwave
FlooringCarpet, Ceramic Tile

Exterior

Lot Size11,500 sqft

Building Information

Year Built2020
Stories1
Garage Spaces2

Land Information

APNR-11470-00Y-0420-1
Lot Number42
SubdivisionVillages Of Melissa Phase 4 (Cml)
Land UseResidential
Legal DescriptionVILLAGES OF MELISSA PHASE 4 (CML), BLK Y, LOT 42
Census Tract030206
Assessed Land Value$110,000
Assessed Improvement Value$305,086
Assessment Year2025

About this property

Welcome to 1200 Gibson Drive, a meticulously maintained 4-bedroom, 2-bathroom single-story home offering 2,033 sq ft of like-new living space. This open-concept layout features a spacious kitchen with a large center island, a walk-in pantry, and seamless flow into the expansive living area. The primary suite includes a garden tub, separate shower, double vanity, and walk-in closet. A bonus office-study provides flexible space for remote work or learning. Additional highlights include energy-efficient appliances, central heating and cooling, a 2-car garage, and a covered patio perfect for outdoor enjoyment. The large backyard offers scenic views and is ideal for gatherings or relaxing in your private retreat.

Investor Tools

Property Icon
$415,086
Estimated Property Value
$237,349Estimated Mortgage Balance
$177,737Estimated Equity
42% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,670 /month
Positive
Cash Flow Estimate:
$890 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$861/month
$285/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,260
$415,086
2025
$110,000
$305,086
$415,086
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,260
$415,086

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Dhi Mortgage Company Ltd
Conventional
$268,252
No
First
Jun 24, 2020
Jul 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$237,349
$177,737
42%
57%
$1,609/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,860/mo
$1,894/mo
+$1,966/mo
11.2%

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: Melissa

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1200 Gibson Dr | Property Details | No Agent List