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$400,741

NAL Estimated Property Value

978 Mikaela Dr, Allen, TX, 75013

Off MarketInfo
Beds2 Beds
Baths3 Bath
Baths1,467 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$1.87 / sqft
Year BuiltBuilt in 2020

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2.5Bathrooms Full 2.5
AppliancesDishwasher, Disposal, Gas Cooktop, Gas Range, Gas Water Heater, Microwave
FlooringCarpet, Ceramic Tile, Wood

Exterior

Exterior FeaturesRain Gutters
Lot Size2,252 sqft

Building Information

Year Built2020
Stories2
Garage Spaces2

Land Information

APNR-11592-00G-0340-1
Lot Number34
SubdivisionVillage At Twin Creeks Phase Four (Cal)
Land UseResidential
Legal DescriptionVILLAGE AT TWIN CREEKS PHASE FOUR (CAL), BLK G, LOT 34
Census Tract031507
Assessed Land Value$112,500
Assessed Improvement Value$288,241
Assessment Year2025

About this property

The BRIDGEPORT floor plan, can be viewed on their website. Spacious open concept contemporary floor plan. This 2 bedroom 2 and half bath plan features all bedrooms on the second floor including the laundry room. Bright and airy dramatic 20' ceilings in the entry way and family room. Spacious kitchen with a large island and pantry. Plenty of cabinet space along with a seat in island. Fenced in backyard great for outdoor lounging. Yard work is maintained by the HOA. Townhome has access to club house, pool and gym! A must see! Location is close to shopping and dining with easy access to highway 75. Washer, Dryer and Fridge included.

Investor Tools

Property Icon
$400,741
Estimated Property Value
$180,990Estimated Mortgage Balance
$219,751Estimated Equity
54% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,404 /month
Positive
Cash Flow Estimate:
$801 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$789/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,460
$400,741
2025
$112,500
$288,241
$400,741
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,460
$400,741

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Nations Reliable Lending Llc
Conventional
$202,083
No
First
Dec 7, 2020
Jan 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$180,990
$219,751
54%
45%
$1,212/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,910/mo
$1,212/mo
+$698/mo
5.7%

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: Allen

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978 Mikaela Dr | Property Details | No Agent List