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$385,750

NAL Estimated Property Value

1921 Melrose St, Garland, TX, 75042

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,899 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$204.84 / sqft
Year BuiltBuilt in 1972

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Gas Cooktop, Tankless Water Heater
FlooringTile

Exterior

Lot Size9,840 sqft

Building Information

Year Built1972
Stories1
Roof Type105
Garage Spaces2

Land Information

APN26247500180210000
Lot Number21
SubdivisionGolden Meadows
Land UseResidential
Legal DescriptionGOLDEN MEADOWS 5 BLK 18 LT 21 INT202400073460 DD04102024 CO-DC 2475001802100 1CG24750018
Census Tract018900
Assessed Land Value$70,000
Assessed Improvement Value$315,750
Assessment Year2025

About this property

Step into luxury with this totally renovated home offering a captivating open floor plan. The kitchen is a culinary delight with calacatta quartz countertops, soft-close cabinets, and brand-new appliances. Fresh paint throughout enhances the contemporary feel, while a built-in wine rack adds a touch of sophistication. The master bathroom is a true oasis, featuring a spacious layout, a freestanding tub, and modern fixtures. Practical upgrades include a tankless water heater for on-demand hot water. The property is not only aesthetically pleasing but also structurally sound, boasting a new roof, energy efficient windows, and AC system. Entertain or relax on the brand-new covered patio, surrounded by lush new sod grass. The exterior is as impressive as the interior, with a new fence, an access gate, and a concrete pad ready for your boat. This home seamlessly blends elegance with functionality, offering a lifestyle of comfort and style. Welcome to your brand new dream home!

Investor Tools

Property Icon
$385,750
Estimated Property Value
$377,313Estimated Mortgage Balance
$8,437Estimated Equity
2% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,334 /month
Positive
Cash Flow Estimate:
$778 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$840/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,148
$385,750
2025
$70,000
$315,750
$385,750
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,148
$385,750

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Amwest Funding Corp
Fha
$384,076
Yes
First
May 7, 2025
Jun 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$377,313
$8,437
2%
98%
$2,303/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$2,303/mo
$-331/mo
6.1%

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: Garland

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1921 Melrose St | Property Details | No Agent List