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$382,829

NAL Estimated Property Value

1105 Austin Drive, Melissa, TX, 75454

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,045 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$123.23 / sqft
Year BuiltBuilt in 2013

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Cooktop, Microwave, Plumbed For Ice Maker
FlooringCarpet, Ceramic Tile

Exterior

Exterior FeaturesRain Gutters

Building Information

Year Built2013
Stories1
Garage Spaces2

Land Information

APNR-8704-00A-0060-1
Lot Number6
SubdivisionVillages Of Melissa Phase 1 (Cml)
Land UseResidential
Legal DescriptionVILLAGES OF MELISSA PHASE 1 (CML), BLK A, LOT 6
Census Tract030206
Assessed Land Value$100,000
Assessed Improvement Value$282,829
Assessment Year2025

About this property

Charm greets you from the front porch of this popular DR Horton Everrett floor plan. Stone accents add rustic appeal and the landscaping pops with summer color. Inside you'll find 4 bedrooms, one of which would make a great office or playroom. Open living room features a wood burning fireplace and lots of space for relaxing. Love to entertain? Home boasts both an eat-in kitchen and a formal dining room. Black appliances and dark cabinetry finish out the kitchen with a clean and modern look. Master bath features a garden tub with separate shower and dual sinks to help with the morning rush. Large backyard allows for plenty of space for sports, a trampoline or even a pool.

Investor Tools

Property Icon
$382,829
Estimated Property Value
$348,910Estimated Mortgage Balance
$33,919Estimated Equity
8% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,297 /month
Positive
Cash Flow Estimate:
$766 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$608/month
$430/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,380
$382,829
2025
$100,000
$282,829
$382,829
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,380
$382,829

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Amwest Funding Corp
Conventional
$352,500
No
First
Oct 30, 2025
Nov 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$348,910
$33,919
8%
91%
$2,114/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,860/mo
$2,544/mo
+$1,316/mo
12.1%

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: Melissa

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1105 Austin Drive | Property Details | No Agent List