Real opportunities. Driven by live market signals.
Updated every minute.

Browse Homes — Buy Direct, Deal on Your Terms

Updated Properties Icon
Updated Properties
Last 24 HoursLast 24 Hours
Main property image
Views1view
Gallery image 2
Gallery image 3
Gallery image 4
Gallery image 5

$540,000

1886 Melinda Ln, Farmers Branch, TX, 75234

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,246 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$240.43 / sqft
Year BuiltBuilt in 2022

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Range, Microwave
FlooringCarpet, Ceramic Tile, Vinyl

Exterior

Exterior FeaturesBalcony
Lot Size1,979 sqft

Building Information

Year Built2022
Stories2
Roof Type105
Garage Spaces2

Land Information

APN241055400M0060000
Lot Number6
SubdivisionKensington Place
Land UseResidential
Legal DescriptionKENSINGTON PLACE BLK M LT 6 ACS 0.0455 INT202400189207 DD09162024 CO-DC 1055400M00600 3CF1055400M
Census Tract014002
Assessed Land Value$70,000
Assessed Improvement Value$473,900
Assessment Year2025

About this property

Incredible Opportunity, built by First Texas Homes in 2022, this townhome offers the perfect blend of modern luxury and cozy charm. This North-Facing gem boasts incredible curb appeal and is ready for you to call it home! Step inside and fall in love with the open layout, featuring 10' ceilings and elegant 8' tall interior doors. The chef's kitchen is a dream come true, complete with cabinets reaching the ceiling, a farmhouse sink, an extra-large kitchen island, a gas range, ss appliances, etc. this kitchen has it all. The spacious Master Bedroom offers a peaceful retreat with its own private balcony—perfect for morning coffee or evening relaxation. The loft upstairs is versatile and can easily be transformed into your ideal office space. Located in the heart of Farmers Branch, this home provides easy access to local parks, shopping, and dining. The community offers a friendly neighborhood vibe, making it a fantastic place to settle down.

Investor Tools

Property Icon
$543,900
Estimated Property Value
$445,500Estimated Mortgage Balance
$111,652Estimated Equity
18% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,263 /month
Positive
Cash Flow Estimate:
$1,088 /month

Interested in this property?

Run an Owner Lookup!

Unlock Owner Contacts

Want alerts when something changes with this property?

Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,008/month
$612/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,377
$543,900
2025
$70,000
$473,900
$543,900
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,377
$543,900

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Mutual Of Omaha Mortgage Inc
Conventional
$445,500
No
First
Sep 16, 2024
Oct 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$432,248
$111,652
20%
79%
$2,671/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,990/mo
$3,283/mo
$-1,293/mo
4.4%

Learn About the Market: Opportunity in Texas

Local Market Pages
Local Market Pages 2Local Market Pages 3Local Market Pages 4

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: Farmers Branch

No Agent List Top Properties.

These are Deal List properties graded A+, A.

Loading properties...

Sold Properties

Loading properties...

1886 Melinda Ln | Property Details | No Agent List