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$444,000

NAL Estimated Property Value

1608 Mineral Point Pl, Melissa, TX, 75454

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,077 Sq Ft
price_per_sqft$223.88 / sqft
Year BuiltBuilt in 2022

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3

Exterior

Lot Size5,793 sqft

Building Information

Year Built2022
Stories1
Garage Spaces2

Land Information

APNR-12650-00D-0020-1
Lot Number2
SubdivisionQuarry Phase 2, The (Cml)
Land UseResidential
Legal DescriptionQUARRY PHASE 2, THE (CML), BLK D, LOT 2
Census Tract030202
Assessed Land Value$115,000
Assessed Improvement Value$302,292
Assessment Year2025

About this property

Brand NEW energy-efficient home ready February 2023! The spacious living area flows seamlessly outdoors to the covered back patio. Pebble cabinets with shaded grey granite countertops, brown grey EVP flooring with multi-tone carpet in our Elemental package. Amenities include greenbelt, park, and trails. Near Hollow Oak golf course and Inspiration Park. Located in sought after Melissa ISD, North of McKinney Hwy 75, easy access to Hwy 380 and metro Dallas. Known for their energy efficient features, our homes help you live a healthier and quieter lifestyle while saving thousands of dollars on utility bills.

Investor Tools

Property Icon
$444,000
Estimated Property Value
$426,259Estimated Mortgage Balance
$17,741Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,790 /month
Positive
Cash Flow Estimate:
$930 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$879/month
$400/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,333
$417,292
2025
$115,000
$302,292
$417,292
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,333
$417,292

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Loandepot.Com Llc
Unknown
$453,419
No
First
Feb 17, 2023
Mar 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$426,259
$1,741
0%
96%
$2,719/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,860/mo
$3,119/mo
+$741/mo
10.4%

City: Melissa

1608 Mineral Point Pl | Property Details | No Agent List