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$565,000

NAL Estimated Property Value

2a Rhea Mills Cir, Prosper, TX, 75078

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,867 Sq Ft
price_per_sqft$267.81 / sqft
Year BuiltBuilt in 1986

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Range, Microwave
FlooringOther, Wood

Exterior

Exterior FeaturesRain Gutters, Storage
Lot Size1.01 acres

Building Information

Year Built1986
Stories2
Roof Type105
Garage Spaces2

Land Information

APNR-1567-001-0020-1
Lot Number2
SubdivisionRhea Mills Estates (Cpr)
Land UseResidential
Legal DescriptionRHEA MILLS ESTATES (CPR), BLK A, LOT 2
Census Tract030302
Assessed Land Value$201,760
Assessed Improvement Value$355,964
Assessment Year2025

About this property

Acreage with no HOA AND Prosper schools! Room for your boat or RV and less than 40 miles from Dallas! Renovated from top to bottom. The current owners replaced two 5-ton AC units, hot water heater, roof, blinds and lighting throughout! Elegant bamboo floors grace the common areas with wood floor tiles in the laundry & baths. The kitchen boasts all new cabinets, counters, appliances & plumbing fixtures. Both bathrooms were completely renovated and the interior was painted. An oversized garage, big laundry room and a 288sf shed add function to this stunning home. Park your boat or RV on the expanded driveway and relax on your big covered patio. All less than 40 miles from Dallas!

Investor Tools

Property Icon
$565,000
Estimated Property Value
$365,273Estimated Mortgage Balance
$199,727Estimated Equity
35% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,390 /month
Positive
Cash Flow Estimate:
$1,130 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$906/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,044
$557,724
2025
$201,760
$355,964
$557,724
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,044
$557,724

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Synergy One Lending
Conventional
$399,999
No
First
Oct 20, 2021
Nov 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$365,273
$199,727
35%
65%
$2,399/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,650/mo
$2,399/mo
+$251/mo
5.6%

City: Prosper

2a Rhea Mills Cir | Property Details | No Agent List