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$410,000

2220 Terry Ave, Melissa, TX, 75454

On MarketInfo
Just AddedInfo
Beds4 Beds
Baths2 Bath
Baths2,058 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$199.22 / sqft
Year BuiltBuilt in 2020

Property Lead Type:

BankruptcyAuctionPre-ForeclosureAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
AppliancesDishwasher, Electric Cooktop

Exterior

Lot Size7,000 sqft

Building Information

Year Built2020
Stories1
Garage Spaces2

Land Information

APNR-11635-00K-0280-1
Lot Number28
SubdivisionLiberty Phase 6 (Cml)
Land UseResidential
Legal DescriptionLIBERTY PHASE 6 (CML), BLK K, LOT 28
Census Tract030207
Assessed Land Value$140,000
Assessed Improvement Value$320,723
Assessment Year2025

About this property

Exceptional opportunity in the highly sought-after Melissa community! This spacious home offers the perfect blend of comfort, functionality, and location. Step inside to discover an inviting floor plan with generous living spaces, a well-appointed kitchen, and plenty of room for entertaining or everyday living. The primary suite provides a relaxing retreat, while additional bedrooms offer flexibility for family, guests, or a home office. Enjoy the convenience of being just minutes from highly rated Melissa ISD schools, shopping, dining, parks, and quick access to major highways for an easy commute. Priced to attract immediate interest—don't miss your chance to own in one of North Texas' fastest-growing communities. Opportunities like this don't last. Schedule your private showing today and submit your highest and best offer before it's gone!

Investor Tools

Property Icon
$460,723
Estimated Property Value
$373,117Estimated Mortgage Balance
$100,434Estimated Equity
19% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,764 /month
Positive
Cash Flow Estimate:
$921 /month

Interested in this property?

Alejandro Cansino

Only 1 Realty Group North Dallas

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$743/month
$420/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,609
$460,723
2025
$140,000
$320,723
$460,723
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,609
$460,723

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Everett Financial Inc
Fha
$373,117
Yes
First
Aug 15, 2024
Sep 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$360,289
$100,434
21%
78%
$2,238/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,860/mo
$2,658/mo
+$1,202/mo
10.1%

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.

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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2220 Terry Ave | Property Details | No Agent List