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$286,440

NAL Estimated Property Value

1205 Melrose Street, Garland, TX, 75040

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,505 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$132.82 / sqft
Year BuiltBuilt in 1960

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Bathrooms Half 1Bathrooms Half 1
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Microwave
FlooringCeramic Tile, Laminate, Wood

Exterior

Lot Size7,680 sqft

Building Information

Year Built1960
Stories1
Roof Type105

Land Information

APN26405500010090000
Lot Number9
SubdivisionNorth Star
Land UseResidential
Legal DescriptionNORTH STAR BLK A LT 9 INT202100134619 DD05052021 CO-DC 4055000100900 1CG40550001
Census Tract018801
Assessed Land Value$65,000
Assessed Improvement Value$221,440
Assessment Year2025

About this property

Multiple offers. Highest & Best by Monday 5th. 7pm. What an amazing location!! This newly updated brick home is located in an en established neighborhood, features 3 Bedrooms 1.1 Baths, a spacious back yard with a storage shed & a privacy fence! Open floor plan with a large kitchen, perfect for entertaining! Newer windows, floors, HVAC & Water Heater. Don't miss out!

Investor Tools

Property Icon
$286,440
Estimated Property Value
$207,438Estimated Mortgage Balance
$79,002Estimated Equity
27% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,719 /month
Positive
Cash Flow Estimate:
$573 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$496/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,520
$286,440
2025
$65,000
$221,440
$286,440
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,520
$286,440

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Everett Financial Inc
Fha
$216,997
Yes
First
May 5, 2021
Jun 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$207,438
$79,002
27%
72%
$1,371/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$1,371/mo
+$601/mo
8.3%

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.

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: Garland

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1205 Melrose Street | Property Details | No Agent List