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$550,000

5098 Fairview, Millsap, TX, 76066

$556,498 ARVInfo
On MarketInfo
Just AddedInfo
Beds4 Beds
Baths2 Bath
Baths2,800 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$196.43 / sqft
Year BuiltBuilt in 2003

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 2Bathrooms 2
AppliancesDishwasher, Electric Cooktop, Disposal, Gas Water Heater, Ice Maker, Refrigerator, Trash Compactor

About this property

Space, flexibility, and opportunity! This unique property offers the best of both worlds—a comfortable residential setup with exciting potential for multigenerational living, rental income, or even a live-in business in a rapidly developing area just off I-20 at the Brock exit. The main home offers approximately 2,800 sq ft, complemented by an approximately 880 sq ft additional dwelling-ADU, guest house, or potential office space. Together, the property features two full kitchens, three full bathrooms, two laundry areas, five rooms or flex spaces, and three living or open areas, providing plenty of room for family, guests, employees, clients, or renters. The layout makes this property especially appealing for multigenerational living, an owner looking to operate a business from home, or an investor seeking a property with multiple potential income-producing uses. The additional dwelling could provide separate living quarters, guest accommodations, rental potential, or dedicated space for a home-based business. According to the owner, the main home was remodeled from the floor up, including the roof, approximately in 2023, while the tiny home was built out approximately one year ago. The septic system and water tap were installed just months ago. All information provided is considered reliable and true but not guaranteed. Buyer to independently verify square footage, zoning, permitted uses, and suitability for any intended residential, rental, or business use.

Investor Tools

$0Estimated Mortgage Balance
$550,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$556,498
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,300 /month
Positive
Cash Flow Estimate:
$1,100 /month

Interested in this property?

Jennifer Cox

Arise Capital Real Estate

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Financing Details

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

City: Millsap

5098 Fairview | Property Details | No Agent List