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$416,000

NAL Estimated Property Value

4216 Cherry Lane, Melissa, TX, 75454

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,999 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$135.02 / sqft
Year BuiltBuilt in 2016

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Microwave, Plumbed For Ice Maker
FlooringCarpet, Ceramic Tile

Exterior

Lot Size5,900 sqft

Building Information

Year Built2016
Stories1
Garage Spaces2

Land Information

APNR-10944-00L-0090-1
Lot Number9
SubdivisionNorth Creek Estates Phase 1 (Cml)
Land UseResidential
Legal DescriptionNORTH CREEK ESTATES PHASE 1 (CML), BLK L, LOT 9
Census Tract030207
Assessed Land Value$115,000
Assessed Improvement Value$301,000
Assessment Year2025

About this property

Adorable well maintained home offers functional one story living. The open plan welcomes you to gather in the family room featuring a cozy fireplace with full access to the island kitchen which includes bar seating and stone countertops. The home also has a formal dining room for those special family and holiday get togethers. A lovely master suite boasts an ensuite with dual sinks, garden tub and separate shower. Two additional bedrooms share the second bath and complete this comfortable family home. Large backyard is perfect for children and pets.

Investor Tools

Property Icon
$416,000
Estimated Property Value
$230,048Estimated Mortgage Balance
$185,952Estimated Equity
44% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,496 /month
Positive
Cash Flow Estimate:
$832 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$644/month
$141/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,652
$416,000
2025
$115,000
$301,000
$416,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,652
$416,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Bank Of America Na
Conventional
$260,000
No
First
Jun 30, 2020
Jul 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$230,048
$185,952
44%
55%
$1,559/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,960/mo
$1,700/mo
+$1,260/mo
8.5%

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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4216 Cherry Lane | Property Details | No Agent List