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$354,370

1717 Melrose St, Garland, TX, 75042

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,045 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$156.48 / sqft
Year BuiltBuilt in 1972

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesElectric Cooktop

Exterior

Lot Size7,560 sqft

Building Information

Year Built1972
Stories1
Roof Type105
Garage Spaces2

Land Information

APN26247500180050000
Lot Number5
SubdivisionGolden Meadows
Land UseResidential
Legal DescriptionGOLDEN MEADOWS 5 BLK 18 LT 5 INT201400276253 DD10272014 CO-DC 2475001800500 1CG24750018
Census Tract018900
Assessed Land Value$70,000
Assessed Improvement Value$284,370
Assessment Year2025

About this property

Welcome to this spacious 4-bedroom featuring a grand living room with a cathedral ceiling, ideal for gatherings. Enjoy bright family and dining areas with large windows showcasing your lush backyard. The split master suite offers convenience with two walk-in closets, while the flexible 4th bedroom adapts as a study, office, or living space.

Investor Tools

Property Icon
$354,370
Estimated Property Value
$116,365Estimated Mortgage Balance
$257,399Estimated Equity
67% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,126 /month
Positive
Cash Flow Estimate:
$709 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$819/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,057
$354,370
2025
$70,000
$284,370
$354,370
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,057
$354,370

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Quicken Loans Llc
Unknown
$116,365
No
First
Mar 15, 2018
Apr 2048

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$96,971
$257,399
72%
27%
$698/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,572/mo
$698/mo
+$1,874/mo
8.7%

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.

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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1717 Melrose St | Property Details | No Agent List