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$576,400

1898 Melinda Ln, Farmers Branch, TX, 75234

Off MarketInfo
Beds4 Beds
Baths4 Bath
Baths2,417 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$1.39 / sqft
Year BuiltBuilt in 2022

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Dryer, Gas Range, Microwave, Refrigerator, Tankless Water Heater, Washer

Exterior

Lot Size1,980 sqft

Building Information

Year Built2022
Stories2
Roof Type105
Garage Spaces2

Land Information

APN241055400M0120000
Lot Number12
SubdivisionKensington Place
Land UseResidential
Legal DescriptionKENSINGTON PLACE BLK M LT 12 ACS 0.0455 INT202300046154 DD03082023 CO-DC 1055400M01200 3CF1055400M
Census Tract014002
Assessed Land Value$70,000
Assessed Improvement Value$506,400
Assessment Year2025

About this property

Stunning 4-bedroom, 3.5-bath modern townhome in a highly desirable area! This light and bright home boasts an open-concept design perfect for entertaining. The spacious kitchen features sleek stainless steel appliances, including a refrigerator, and ample counter space for your culinary needs. Washer and dryer are also included for your convenience. The primary suite is a true retreat with a luxurious bath featuring a large garden tub and separate walk-in shower. The townhouse offers a two car garage, with EV Nema outlet, and street parking for guests. Easy access to 635, GBTP and 35. 15 minutes from DFW airport, 20 minutes from Love Field and 5 minutes from DART train station. Don't miss out!

Investor Tools

Property Icon
$576,400
Estimated Property Value
$413,621Estimated Mortgage Balance
$186,879Estimated Equity
28% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,458 /month
Positive
Cash Flow Estimate:
$1,153 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,073/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,996
$576,400
2025
$70,000
$506,400
$576,400
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,996
$576,400

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Pentagon Fcu
Conventional
$413,621
No
First
Mar 8, 2023
Apr 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$389,521
$186,879
32%
68%
$2,480/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,990/mo
$2,480/mo
$-490/mo
4.1%

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: Farmers Branch

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