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$244,158

171 E Water, Milford, TX, 76670

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,496 Sq Ft
Unimproved LandUnimproved Land
Year BuiltBuilt in 2023

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central

Exterior

Lot Size6,534 sqft

Building Information

Year Built2023
Stories1
Roof Type105
Garage Spaces2

Land Information

APN58.6224.901.003.00.109
Lot Number3
SubdivisionMill Creek Estates Addn
Land UseResidential
Legal DescriptionLOT 3 BLK A MILL CREEK ESTATES ADDN 0.15 AC
Census Tract061000
Assessed Land Value$40,000
Assessed Improvement Value$204,158
Assessment Year2025

About this property

Wonderful area to build Affordable New build! Harrisonhomes can build on your lot with exclusive AALC panels that are water, fire, termite and tornado resistant. This is one of of 6 lots and can be sold by itself or all 6 together. A few recent new builds starting at 1250 SF selling for under $300K . Builder has 5 adjacent lots that could also be available. Interior lot in convenient and quiet neighborhood. Builder has renderings and floor plans available upon request. Water and Sewer are available. City requires 1,000 square feet minimum living area and 2018 International Building Codes. No Mobile homes. Please confirm details with city as information is deemed reliable but not guaranteed. No sign on the property.

Investor Tools

Property Icon
$244,158
Estimated Property Value
$284,255Estimated Mortgage Balance
$0Estimated Equity
-16% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,465 /month
Positive
Cash Flow Estimate:
$488 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$221/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,431
$244,158
2025
$40,000
$204,158
$244,158
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,431
$244,158

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Pennymac Loan Services Llc
Fha
$284,255
Yes
First
Mar 15, 2024
Apr 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$273,151
N/A
0%
112%
$1,705/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$1,705/mo
+$267/mo
9.7%

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: Milford

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171 E Water | Property Details | No Agent List