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$2,300

$2,400

219 Lexington Ave, Melissa, TX, 75454

On MarketInfo
Price DropInfo
Beds4 Beds
Baths2 Bath
Baths1,948 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1.18 / sqft
Year BuiltBuilt in 2018

Property Lead Type:

Absentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
AppliancesDishwasher, Disposal, Electric Oven, Gas Range, Gas Water Heater, Microwave, Convection Oven, Tankless Water Heater, Vented Exhaust Fan
FlooringCarpet, Ceramic Tile, Vinyl

Exterior

Exterior FeaturesRain Gutters, Lighting
Lot Size5,500 sqft

Building Information

Year Built2018
Stories1
Garage Spaces2

Land Information

APNR-11443-00E-0210-1
Lot Number21
SubdivisionAuburndale Phase 1 (Cml)
Land UseResidential
Legal DescriptionAUBURNDALE PHASE 1 (CML), BLK E, LOT 21
Census Tract030202
Assessed Land Value$110,000
Assessed Improvement Value$277,205
Assessment Year2025

About this property

Welcome to 219 Lexington Ave in Melissa an excellent lease opportunity in a fast-growing community known for its welcoming neighborhoods and strong schools. Located in the highly rated Melissa ISD, this home offers the space, layout, and everyday convenience today’s tenants are looking for plus the added benefit of being in a developing area with expanding amenities and long-term appeal. Step inside to an open floor plan designed for modern living. The main living area flows easily into the kitchen and dining spaces, making it perfect for entertaining, family time, or simply enjoying a bright, connected layout. Large windows bring in natural light and help the home feel airy and inviting. Out back, you’ll find a big backyard with a covered patio ideal for grilling, relaxing in the shade, or creating your own outdoor hangout space. Whether you enjoy weekend barbecues, a play area, or extra room for pets, this backyard delivers the flexibility and space that’s hard to find. Location is a major advantage. You’re close to shopping centers, grocery stores, restaurants, and everyday essentials, with convenient access to hospitals and medical services nearby. Commuters will appreciate quick access to major freeways, making it easy to travel to McKinney, Frisco, Plano, and surrounding business hubs. And when you want big-city dining, events, or entertainment, you’re within a comfortable drive to the central city areas of the Metroplex while still enjoying the quieter pace of Melissa living. If you’re looking for a well-located rental with an open layout, great outdoor space, top-rated schools, and room to grow with the area, schedule your showing at 219 Lexington Ave today.

Investor Tools

$0Estimated Mortgage Balance
$387,205Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,323 /month
Positive
Cash Flow Estimate:
$774 /month

Interested in this property?

Diana Pham

LANDMARK LEGACY REALTY

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$822/month
$375/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,930
$387,205
2025
$110,000
$277,205
$387,205
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,930
$387,205

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$387,205
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,860/mo
$375/mo
+$3,485/mo
12.0%

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.

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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