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$242,000

2405 Michelle Creek Dr, Little Elm, TX, 75068

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,514 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$159.84 / sqft
Year BuiltBuilt in 2014

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
AppliancesDisposal, Electric Oven, Gas Cooktop, Microwave, Plumbed For Ice Maker
FlooringCarpet, Ceramic Tile, Wood

Exterior

Lot Size7,841 sqft

Building Information

Year Built2014
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR567919
Lot Number11
SubdivisionPaloma Creek South Phase 7c
Land UseResidential
Legal DescriptionPALOMA CREEK SOUTH PHASE 7C BLK L LOT 11
Census Tract020135
Assessed Land Value$82,033
Assessed Improvement Value$246,139
Assessment Year2025

About this property

WELCOME HOME!!! Charming & meticulously maintained one story in the incredible Paloma Creek community with every amenity under the sun including resident center with gym, pool & splash park, walking & biking trails, playground & a community garden, all conveniently located near HWY 380 & DNT. Upgrades include wood floors in living areas & designer touches throughout. The spacious kitchen features granite countertops, SS appliances, gas range & spacious breakfast nook. The master suite features plenty of room for a sitting area or desk, his & hers sinks, a separate garden tub, shower & walk-in closet. Relax in the huge pool size backyard with covered patio & separate custom arbor!

Investor Tools

Property Icon
$328,172
Estimated Property Value
$198,250Estimated Mortgage Balance
$130,781Estimated Equity
40% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,969 /month
Positive
Cash Flow Estimate:
$656 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$733/month
$600/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,155
$328,172
2025
$82,033
$246,139
$328,172
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,155
$328,172

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Frost Bank
Credit Line (Revolving) / Heloc
$198,250
No
First
Feb 2, 2026
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$197,391
$130,781
39%
60%
$1,189/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,870/mo
$1,789/mo
+$1,081/mo
10.5%

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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2405 Michelle Creek Dr | Property Details | No Agent List