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$449,731

NAL Estimated Property Value

4007 Cottontail Dr, Melissa, TX, 75454

Off MarketInfo
Beds4 Beds
Baths4 Bath
Baths2,544 Sq Ft
price_per_sqft$181.01 / sqft
Year BuiltBuilt in 2021

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3.5Bathrooms Full 3.5
AppliancesDishwasher, Gas Range
FlooringCarpet, Ceramic Tile

Building Information

Year Built2021
Stories2
Garage Spaces2

Land Information

APNR-12331-00M-0040-1
Lot Number4
SubdivisionCreek Crossing Phase Three (Cml)
Land UseResidential
Legal DescriptionCREEK CROSSING PHASE THREE (CML), BLK M, LOT 4
Census Tract030207
Assessed Land Value$100,000
Assessed Improvement Value$349,731
Assessment Year2025

About this property

Welcome to this beautifully designed 4-bedroom, 3.5-bath home in the highly sought-after town of Melissa. Featuring an open-concept layout perfect for entertaining, this home also includes a dedicated office that could easily serve as a 5th bedroom. The thoughtfully designed floorplan offers a Jack and Jill bathroom, a spacious upstairs bonus room ideal for a game room or media space, and plenty of storage throughout. Step outside to a fully fenced backyard—perfect for pets, play, or relaxing evenings. Conveniently nestled close to parks, shopping, restaurants and so much more it has something for everyone! Don’t miss your chance to own a versatile and inviting home in one of North Texas’ most desirable communities!

Investor Tools

Property Icon
$449,731
Estimated Property Value
$356,862Estimated Mortgage Balance
$92,869Estimated Equity
20% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,763 /month
Positive
Cash Flow Estimate:
$921 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$834/month
$217/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,765
$449,731
2025
$100,000
$349,731
$449,731
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,765
$449,731

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
American Portfolio Mortgage Corp
Conventional
$360,000
No
First
Nov 12, 2025
Dec 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$356,862
$92,869
20%
79%
$2,159/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,860/mo
$2,376/mo
+$1,484/mo
10.3%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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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4007 Cottontail Dr | Property Details | No Agent List