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$495,000

4415 Mimosa Dr, Melissa, TX, 75454

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,820 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$175.53 / sqft
Year BuiltBuilt in 2017

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2.5Bathrooms Full 2.5
AppliancesDishwasher, Disposal, Gas Cooktop, Microwave
FlooringCarpet, Ceramic Tile, Wood

Exterior

Exterior FeaturesRain Gutters, Private Yard
Lot Size9,432 sqft

Building Information

Year Built2017
Stories2
Garage Spaces2

Land Information

APNR-10944-00R-0080-1
Lot Number8
SubdivisionNorth Creek Estates Phase 1 (Cml)
Land UseResidential
Legal DescriptionNORTH CREEK ESTATES PHASE 1 (CML), BLK R, LOT 8
Census Tract030207
Assessed Land Value$120,000
Assessed Improvement Value$367,899
Assessment Year2025

About this property

Spacious 2 story, 4-bedroom, 3-bathroom house by Impressions Home. Large backyard, which offers endless possibilities for outdoor recreation and relaxation. The expansive space is ideal for hosting gatherings or even installing a pool to create your own private oasis. The living area is spacious and filled with natural light, creating a warm and inviting atmosphere. The kitchen is a chef's delight, featuring ample counter space and stylish cabinetry. A designated dining area adjacent to the kitchen provides the perfect space for family meals or entertaining guests. Oversized master bedroom with an en suite bathroom that includes a luxurious bathtub and separate shower. Second bedroom downstairs can be used as a bedroom or office, with a full bath off of the bedroom. Upstairs you will find a large entertainment area & seperate theatre room. The other 2 bedrooms are separated by a full bath. Community amenities including a gym, resort style pools, walking paths and fishing ponds.

Investor Tools

Property Icon
$490,000
Estimated Property Value
$0Estimated Mortgage Balance
$490,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,970 /month
Positive
Cash Flow Estimate:
$990 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$763/month
$682/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,708
$487,899
2025
$120,000
$367,899
$487,899
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,708
$487,899

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$490,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,960/mo
$682/mo
+$2,278/mo
7.2%

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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