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$477,625

2006 Terry Ct, Melissa, TX, 75454

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,257 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$230.17 / sqft
Year BuiltBuilt in 2020

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Microwave, Tankless Water Heater
FlooringCarpet, Ceramic Tile, Tile

Exterior

Exterior FeaturesRain Gutters
Lot Size7,940 sqft

Building Information

Year Built2020
Stories1
Garage Spaces2

Land Information

APNR-11635-00S-0490-1
Lot Number49
SubdivisionLiberty Phase 6 (Cml)
Land UseResidential
Legal DescriptionLIBERTY PHASE 6 (CML), BLK S, LOT 49
Census Tract030207
Assessed Land Value$140,000
Assessed Improvement Value$337,625
Assessment Year2025

About this property

Built by Highland Homes, this could be your nearly new dream home! It is nestled on a secluded cul-de-sac in a highly desired master-planned community of Liberty. Boasting 4 spacious bedrooms, 3 modern bathrooms, and a versatile second living area perfect for an office or den, this home has it all. Enjoy the privacy of a split bedroom layout, with the primary suite conveniently located off the living area. Entertain in style from the kitchen and living area while keeping an eye on guests in the back yard. Speaking of the backyard, discover a sprawling yard with ample space for your very own pool. The HOA offers access to a clubhouse, a community pool with a fun splash pad, and a sports court for endless entertainment. Plus, the community benefits from its very own elementary school. Don't miss out on making this inviting house your forever home!

Investor Tools

Property Icon
$477,625
Estimated Property Value
$408,000Estimated Mortgage Balance
$82,390Estimated Equity
15% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,117 /month
Positive
Cash Flow Estimate:
$1,039 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$774/month
$385/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,902
$477,625
2025
$140,000
$337,625
$477,625
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,902
$477,625

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Provident Funding Associates Lp
Conventional
$408,000
No
First
Aug 20, 2024
Sep 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$395,235
$82,390
17%
83%
$2,447/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,860/mo
$2,832/mo
+$1,028/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: Melissa

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2006 Terry Ct | Property Details | No Agent List