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$400,000

5460 Mustang Ln, Prosper, TX, 75078

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths2,123 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$188.41 / sqft
Year BuiltBuilt in 2018

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Cooktop, Microwave, Refrigerator
FlooringCarpet, Tile, Vinyl

Exterior

Lot Size7,767 sqft

Building Information

Year Built2018
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR694311
Lot Number6
SubdivisionPreserve At Doe Creek Phase I
Land UseResidential
Legal DescriptionPRESERVE AT DOE CREEK PHASE I BLK C LOT 6
Census Tract020128
Assessed Land Value$110,666
Assessed Improvement Value$339,739
Assessment Year2025

About this property

Welcome to 5460 Mustang Lane in Prosper, Texas! This beautifully designed home offers 4 bedrooms, 2.5 bathrooms, a 2-car garage, and 2,123 SF of comfortable living space. Step inside to a bright, open concept floor plan designed for both everyday living and entertaining. At the heart of the home, the beautifully open kitchen features quartz countertops, a large center island, stainless steel appliances, and a gas cooktop. The kitchen flows seamlessly into the main living areas, creating an open and welcoming atmosphere perfect for gatherings with family and friends. The primary suite offers a relaxing retreat, while three additional bedrooms provide flexibility for family, guests, or a home office. Step outside to the spacious backyard and enjoy your own outdoor retreat. The extended covered patio and plenty of backyard space creates the perfect setting for relaxing, outdoor dining, weekend gatherings, or entertaining family and friends. Located in the highly desirable city of Prosper! This home provides convenient access to shopping, dining, entertainment, and major highways, and Dallas tollway.

Investor Tools

$264,625Estimated Mortgage Balance
$158,962Estimated Equity
37% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,542 /month
Positive
Cash Flow Estimate:
$847 /month

Interested in this property?

Carmeletta Jefferson

eXp Realty LLC

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$527/month
$748/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,201
$423,587
2025
$110,666
$339,739
$450,405
No

Tax History

Year
Tax Paid
Assessed Value
2025
$4,201
$423,587

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Maurice Lee
Seller Carryback / Seller Financing / Seller Take-Back
$278,133
No
First
Dec 20, 2023
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$264,625
$158,962
37%
62%
$1,668/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,650/mo
$2,416/mo
+$234/mo
7.5%

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.

Explore Texas Explore This Area
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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