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$398,000

1916 Scarlet Ln, Melissa, TX, 75454

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,147 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1.12 / sqft
Year BuiltBuilt in 2024

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2.5Bathrooms Full 2.5
AppliancesElectric Cooktop, Electric Oven, Microwave

Exterior

Lot Size4,922 sqft

Building Information

Year Built2023
Stories2
Garage Spaces2

Land Information

APNR-12909-00A-0090-1
Lot Number9
SubdivisionBryant Farms Phase 1 (Cml)
Land UseResidential
Legal DescriptionBRYANT FARMS PHASE 1 (CML), BLK A, LOT 9
Census Tract030201
Assessed Land Value$95,000
Assessed Improvement Value$270,205
Assessment Year2025

About this property

This brand new home sounds like a dream! With its covered porch, California kitchen, and spacious bedrooms, it offers both comfort and style. The main floor owner's suite with dual sinks and a walk-in shower is a luxurious touch, and the addition of a game room upstairs adds to the entertainment possibilities. The covered patio and sprinkler system are wonderful features for outdoor enjoyment, while the walk-in pantry and extra storage ensure practicality. Overall, it seems like the perfect place to embrace luxurious living.

Investor Tools

Property Icon
$398,000
Estimated Property Value
$0Estimated Mortgage Balance
$398,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,388 /month
Positive
Cash Flow Estimate:
$796 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$450/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,406
$365,205
2025
$95,000
$270,205
$365,205
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,406
$365,205

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$398,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,960/mo
N/A
+$2,960/mo
8.9%

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: Melissa

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1916 Scarlet Ln | Property Details | No Agent List