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$493,259

2905 Pronghorn Drive, Melissa, TX, 75454

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,773 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$180.27 / sqft
Year BuiltBuilt in 2021

Property Lead Type:

Off-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2.5Bathrooms Full 2.5
AppliancesDishwasher, Disposal, Gas Range, Microwave
FlooringCarpet, Ceramic Tile, Laminate

Building Information

Year Built2021
Stories2
Garage Spaces2

Land Information

APNR-12331-00L-0260-1
Lot Number26
SubdivisionCreek Crossing Phase Three (Cml)
Land UseResidential
Legal DescriptionCREEK CROSSING PHASE THREE (CML), BLK L, LOT 26
Census Tract030207
Assessed Land Value$110,000
Assessed Improvement Value$383,259
Assessment Year2025

About this property

Introducing a move-in ready home located in Melissa, a charming town close to historic downtown McKinney. This spacious home boasts four bedrooms, two full bathrooms, and an additional half bathroom, offering ample space for the entire family. With a game room included, there are plenty of opportunities for entertainment and relaxation.Situated on a large quarter-acre corner lot, this property stands out as one of the largest in the neighborhood. The expansive yard provides endless possibilities for outdoor activities, whether it be hosting barbecues, playing sports, or simply enjoying the fresh air. The added privacy that comes with a corner lot offers a sense of tranquility, making it the perfect respite after a long day. Inside, you'll find modern amenities and stylish finishes throughout the home. The kitchen boasts beautiful granite countertops that not only add a touch of elegance but also provide a durable and easy-to-maintain surface for meal preparations.

Investor Tools

Property Icon
$493,259
Estimated Property Value
$0Estimated Mortgage Balance
$116,184Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,999 /month
Positive
Cash Flow Estimate:
$1,000 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$916/month
$198/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,527
$493,259
2025
$110,000
$383,259
$493,259
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,527
$493,259

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Willow Bend Mortgage Co
Conventional
$395,000
No
First
Nov 6, 2023
Dec 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$377,075
$116,184
23%
76%
$2,369/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,860/mo
$2,567/mo
+$1,293/mo
9.4%

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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2905 Pronghorn Drive | Property Details | No Agent List