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$360,000

NAL Estimated Property Value

245 Michelle Dr, Grand Prairie, TX, 75051

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths1,809 Sq Ft
price_per_sqft$199 / sqft
Year BuiltBuilt in 2021

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Microwave

Exterior

Lot Size4,403 sqft

Building Information

Year Built2021
Stories1
Roof Type105
Garage Spaces2

Land Information

APN280458000A0040000
Lot Number4
SubdivisionCrescent Heights
Land UseResidential
Legal DescriptionCRESCENT HEIGHTS BLK A LT 4 INT202200318417 DD12162022 CO-DC 0458000A00400 4CP0458000A
Census Tract016203
Assessed Land Value$70,000
Assessed Improvement Value$271,570
Assessment Year2025

About this property

Welcome to this one-owner home built in 2021 that has been well cared for and thoughtfully maintained. Offering 4 bedrooms, 2.5 bathrooms, and 1,809 square feet, the layout provides comfortable living with plenty of space for family, guests, or a home office. All bedrooms are located upstairs, creating a private retreat separate from the main living areas. Downstairs, you'll find a spacious open-concept floor plan where the kitchen, dining, and living areas flow seamlessly together, making it ideal for everyday living, entertaining, or simply staying connected with family and friends. The functional layout offers a great balance of shared and private spaces, while the newer construction provides the peace of mind that comes with a home that's only a few years old. Whether you're a first-time buyer, looking for more space, or simply seeking a move-in-ready home, this property offers a practical design and comfortable living in a convenient Grand Prairie location with easy access to shopping, dining, schools, and major highways.

Investor Tools

Property Icon
$360,000
Estimated Property Value
$245,780Estimated Mortgage Balance
$114,220Estimated Equity
31% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,160 /month
Positive
Cash Flow Estimate:
$720 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$628/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,737
$341,570
2025
$70,000
$271,570
$341,570
No

Tax History

Year
Tax Paid
Assessed Value
2025
$5,737
$341,570

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Bank Of America Na
Conventional
$262,821
No
First
Dec 16, 2022
Jan 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$245,780
$114,220
31%
68%
$1,576/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,572/mo
$1,576/mo
+$996/mo
8.6%

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: Grand Prairie

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245 Michelle Dr | Property Details | No Agent List