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$385,000

NAL Estimated Property Value

405 N Church Street, Prosper, TX, 75078

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,166 Sq Ft
price_per_sqft$110.34 / sqft
Year BuiltBuilt in 1982

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Microwave
FlooringCarpet, Ceramic Tile

Exterior

Lot Size11,195 sqft

Building Information

Year Built1982
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR-6147-007-1460-1
Lot Number146
SubdivisionCollin County School Land #12 Survey
Land UseResidential
Legal DescriptionABS A0147 COLLIN COUNTY SCHOOL LAND #12 SURVEY, SHEET 7, TRACT 146, .257 ACRES
Census Tract030304
Assessed Land Value$157,500
Assessed Improvement Value$200,892
Assessment Year2025

About this property

Buyer's financing fell through! This spacious 3bdrm, 2bath home is over 2,100 sqft, sits on .25 acres and is located within the sought after school system of Prosper ISD. With two living spaces, each with a fire place, you'll have plenty of space for living and playing. The 2 car garage is equipped with a 220v outlet, perfect for someone who likes to tinker and the extra long driveway makes it easy to park your recreational vehicles. The mini barn, equipped with electricity, is great for extra storage. Enjoy the small town feel of downtown Prosper, only a few minutes away, but still have easy access to the big city conveniences. Exterior HVAC unit, htwtr heater, and electrical riser replaced in 2019.

Investor Tools

Property Icon
$385,000
Estimated Property Value
$53,024Estimated Mortgage Balance
$331,976Estimated Equity
86% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,310 /month
Positive
Cash Flow Estimate:
$770 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$567/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,880
$358,392
2025
$157,500
$200,892
$358,392
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,880
$358,392

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Credit Union Of Texas
Credit Line (Revolving) / Heloc
$55,000
No
First
May 22, 2024
Jun 2044

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$53,024
$331,976
86%
14%
$330/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,650/mo
$330/mo
+$2,320/mo
8.3%

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: Prosper

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405 N Church Street | Property Details | No Agent List