219Days on Market

11view

$360,000

480 Collin Street, Nevada, TX, 75173

On Market

3 Beds

2 Bath

1,881 Sq Ft

Single Family Residence

$191.39 / sqft

Built in 2019

Property Lead Type:

High EquityMove-In Ready

Highlights

Interior

Bedrooms 3

Bathrooms Full 2

AppliancesDishwasher, Disposal, Electric Oven, Microwave

FlooringCarpet, Tile

Exterior

Lot Size12,197 sqft

Building Information

Year Built2019

Stories1

Garage Spaces2

Land Information

APNR-0947-00B-0020-1

Lot Number2

SubdivisionJ W Evans Addition (Cnv)

Land UseResidential

Legal DescriptionJ W EVANS ADDITION (CNV), BLK B, LOT 2; (REPLAT) (REPLAT)

Census Tract031201

Assessed Land Value$85,000

Assessed Improvement Value$276,463

Assessment Year2025

About this property

Charming Modern Retreat with Country Soul & City Convenience Welcome to 480 Collin St in Nevada, Texas, where peaceful country living meets modern comfort. This beautiful 3-bedroom, 2-bath home sits on an oversized lot, offering the space, privacy, and small-town feel buyers are looking for. Inside, you’ll find a move-in ready home with a brand-new roof installed in 2025 and an open-concept layout designed for everyday living and easy entertaining. The kitchen overlooks the spacious living area, creating the perfect setup for family time, hosting friends, or cozy nights at home. Step outside and imagine the possibilities. The sprawling backyard offers plenty of room for a garden, play space, outdoor entertaining, or your own private retreat. BONUS! this property has NO MUD and NO PID taxes Located in a quiet setting with a true small-town feel, yet just a short drive to Rockwall and Wylie for shopping, dining, entertainment, and major commuter routes, this home delivers the best of both worlds: space, comfort, and convenience.

Investor Tools

$329,025Estimated Mortgage Balance

$32,438Estimated Equity

8% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$2,169 /month

Positive

Cash Flow Estimate:

$723 /month

Interested in this property?

Patty Turner

Keller Williams Rockwall

Contact

Want alerts when something changes with this property?

Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$533/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$4,589

$361,463

2025

$85,000

$276,463

$361,463

Tax History

Year

Tax Paid

Assessed Value

2024

$4,589

$361,463

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Fairway Independent Mortgage Corp

Fha

$354,362

Yes

First

Aug 1, 2022

Sep 2052

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$329,025

$32,438

91%

$2,125/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,972/mo

$2,125/mo

$-153/mo

6.5%

Learn About the Market: Opportunity in Texas

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.

Explore This Area