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$560,000

NAL Estimated Property Value

4512 Mimosa Drive, Melissa, TX, 75454

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths3,469 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$135.46 / sqft
Year BuiltBuilt in 2016

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop
FlooringCarpet, Ceramic Tile, Wood

Exterior

Exterior FeaturesFire Pit
Lot Size6,867 sqft

Building Information

Year Built2016
Stories2
Garage Spaces2

Land Information

APNR-10944-00O-0220-1
Lot Number22
SubdivisionNorth Creek Estates Phase 1 (Cml)
Land UseResidential
Legal DescriptionNORTH CREEK ESTATES PHASE 1 (CML), BLK O, LOT 22
Census Tract030207
Assessed Land Value$120,000
Assessed Improvement Value$433,597
Assessment Year2025

About this property

Highest and best by 5:00 Saturday. ABSOLUTELY STUNNING 4 bedrooms, 3 baths, study & 3 living areas. Open floor plan w gorgeous hardwood floors in living, office, kitchen, and master. Vaulted entry, stone fireplace, all flowing into a kitchen w granite counters, huge island w seating for six, beautiful cabinetry, SS appliances, gas cooktop. Private master with double doors leading into spa-like en suite bath w dual vanities, garden tub, separate shower and walk in closet. Two additional bedrooms and a full bath downstairs for young children or visiting parents. Upstairs hosts 1 bedroom and bath, ridiculously spacious game room and a man cave or media room and much more!

Investor Tools

Property Icon
$560,000
Estimated Property Value
$389,679Estimated Mortgage Balance
$170,321Estimated Equity
30% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,360 /month
Positive
Cash Flow Estimate:
$1,120 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$994/month
$163/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,125
$553,597
2025
$120,000
$433,597
$553,597
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,125
$553,597

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Valliance Bank
Purchase Money Mortgage
$430,000
No
First
Jun 21, 2021
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$389,679
$170,321
30%
70%
$2,579/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,860/mo
$2,742/mo
+$1,118/mo
8.3%

City: Melissa

4512 Mimosa Drive | Property Details | No Agent List