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$612,000

NAL Estimated Property Value

6016 Madera Ct, Plano, TX, 75024

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,993 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$275.97 / sqft
Year BuiltBuilt in 1995

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
AppliancesDishwasher, Disposal, Gas Cooktop, Gas Oven, Gas Water Heater, Microwave
FlooringCeramic Tile, Vinyl

Building Information

Year Built1995
Stories1
Garage Spaces2

Land Information

APNR-2582-00A-0130-1
Lot Number13
SubdivisionMidway Park (Cpl)
Land UseResidential
Legal DescriptionMIDWAY PARK (CPL), BLK A, LOT 13
Census Tract031669
Assessed Land Value$200,000
Assessed Improvement Value$320,160
Assessment Year2025

About this property

6016 Madera Court feeds into Barksdale, one of Plano’s finest elementary schools, and is nestled just steps away from Sunset Park - two advantages that make living on this cul-de-sac a special opportunity for growing families. Step inside and be greeted by a spacious open floor-plan with updated flooring and a beautifully re-imagined stone fireplace. The entry flows into the formal dining room, family room, study & kitchen. The kitchen is outfitted with granite countertops and abundant storage. A recent kitchen remodel included stainless appliances, glass subway tile backsplash, new sinks and hardware and stylish tile. The primary is a true retreat and even enjoys its own fireplace. The make-over continues in the bathroom complete with two vanities, designer tile, frameless shower and a freestanding tub. When you aren’t a few steps away at Sunset Park, you will love to relax in Madera’s backyard complete with its shaded patio or convenient turf ideal for pets or family gatherings!

Investor Tools

Property Icon
$612,000
Estimated Property Value
$120,197Estimated Mortgage Balance
$491,803Estimated Equity
80% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,672 /month
Positive
Cash Flow Estimate:
$1,224 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$887/month
$300/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,587
$520,160
2025
$200,000
$320,160
$520,160
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,587
$520,160

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Washington Federal Na
Unknown
$184,000
No
First
Aug 26, 2011
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$120,197
$491,803
80%
20%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,820/mo
$300/mo
+$2,520/mo
5.5%

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: Plano

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