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$370,550

1600 Megan Creek Dr, Little Elm, TX, 75068

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,964 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1.09 / sqft
Year BuiltBuilt in 2015

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Electric Range, Microwave
FlooringCarpet, Vinyl

Exterior

Lot Size6,599 sqft

Building Information

Year Built2015
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR646446
Lot Number1
SubdivisionPaloma Creek South Phase 8b
Land UseResidential
Legal DescriptionPALOMA CREEK SOUTH PHASE 8B BLK U LOT 1
Census Tract020135
Assessed Land Value$78,000
Assessed Improvement Value$292,550
Assessment Year2025

About this property

Built in 2015 Beautiful one story Home in Paloma Creek with 3 Bedrooms, 2 Baths plus Study room. Fireplace, Kitchen island, stainless steel appliances, a Kitchen pantry , a Den, cultured marble master bath vanity, a master Bedroom with walk in closet. A covered patio for entertainment and two car Garage. Don't miss the chance to live in subdivision with 4 pools, 2 Gyms & access to all social activities at community center. 5 miles of hike and bike trails !! This is the perfect family home.

Investor Tools

Property Icon
$370,550
Estimated Property Value
$187,200Estimated Mortgage Balance
$205,944Estimated Equity
49% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,223 /month
Positive
Cash Flow Estimate:
$741 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$834/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,151
$370,550
2025
$78,000
$292,550
$370,550
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,151
$370,550

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Brazos National Bank
Conventional
$187,200
No
First
Mar 10, 2020
Apr 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$164,606
$205,944
55%
44%
$1,123/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,870/mo
$1,123/mo
+$1,747/mo
9.3%

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: Little Elm

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