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$344,363

NAL Estimated Property Value

212 Melody Way, Red Oak, TX, 75154

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,019 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$175.83 / sqft
Year BuiltBuilt in 2018

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, Disposal, Electric Range, Microwave
FlooringCarpet, Ceramic Tile

Exterior

Lot Size5,663 sqft

Building Information

Year Built2018
Stories1
Roof Type105
Garage Spaces2

Land Information

APN72.4620.915.005.00.111
Lot Number5
SubdivisionHarmony Ph 3
Land UseResidential
Legal DescriptionLOT 5 BLK O HARMONY PH 3 .13 AC
Census Tract060216
Assessed Land Value$55,000
Assessed Improvement Value$289,363
Assessment Year2025

About this property

**** Back on the Market **** You have another opportunity to own a beautifully maintained 4 bedroom 2 bath home with over 2,000sf which allows a family room to grow. Situated in Red Oak where Pride of Ownership shows throughout. It's a wonderful family home with an open floorplan which is perfect for hosting family and friends. All bedrooms offer good space, the master bath offers double vanities a garden tub and separate shower with a lovely walk in closet. The office is very functional and can be used as a child's playroom or study. The kitchen is equipped with a window over the sink, Stainless Steel Frigidaire appliances and an inviting working island and breakfast bar. Now, before or after a long day you will come to appreciate the beautiful backyard with it's covered patio and garden area for that much needed relaxation. All measurements are approximate. Buyer(s) should verify all info.

Investor Tools

Property Icon
$344,363
Estimated Property Value
$326,545Estimated Mortgage Balance
$17,818Estimated Equity
5% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,130 /month
Positive
Cash Flow Estimate:
$710 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$649/month
$600/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,071
$344,363
2025
$55,000
$289,363
$344,363
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,071
$344,363

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United Wholesale Mortgage
Fha
$348,570
Yes
First
Dec 13, 2022
Jan 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$326,545
$17,818
5%
95%
$2,090/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,710/mo
$2,690/mo
+$20/mo
9.4%

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: Red Oak

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212 Melody Way | Property Details | No Agent List