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$560,000

1133 Melrose Dr, Richardson, TX, 75080

$562,699 ARVInfo
Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,475 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$226.26 / sqft
Year BuiltBuilt in 1967

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven
FlooringCarpet

Building Information

Year Built1967
Stories1
Roof Type105
Garage Spaces2

Land Information

APN42195501820330000
SubdivisionRichardson Heights Estates North6
Land UseResidential
Legal DescriptionRICHARDSON HEIGHTS ESTATES NORTH6 BLK 182 LOT 33 INT202300040783 DD02282023 CO-DC 1955018203300 3CR19550182
Census Tract019205
Assessment Year2025

About this property

You will not want to miss this gorgeous MOVE IN READY renovated house in RISD featuring 4 bedrooms, 3 full bathrooms, 2 family rooms and split bedrooms. This fully updated house is a must see!! New LVT throughout and new carpet in bedrooms. The kitchen is a dream with beautiful white quartz countertops, replaced appliances, custom cabinets and walk-in pantry. Bathrooms boast granite countertops and the master bathroom has a huge walk-in shower. Your family will enjoy the abundance of storage & closets throughout this home. The house has PVC pipes, recent roof & gutters, water heater 2020, electrical panel 2013, restained fence, replaced light fixtures and paint throughout, 8 inches of insulation added to attic.

Investor Tools

Property Icon
$711,000
Estimated Property Value
$150,000Estimated Mortgage Balance
$569,985Estimated Equity
79% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$562,699
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,266 /month
Positive
Cash Flow Estimate:
$1,422 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,148/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,227
$650,000
2025
N/A
N/A
$650,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$10,227
$650,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Ark-La-Tex Financial Services Llc
Conventional
$150,000
No
First
Feb 28, 2023
Mar 2038

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$141,015
$569,985
80%
20%
$900/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,660/mo
$900/mo
+$1,760/mo
4.5%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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: Richardson

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1133 Melrose Dr | Property Details | No Agent List