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$457,941

NAL Estimated Property Value

223 Miramar Ave, Melissa, TX, 75454

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,949 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$0.85 / sqft
Year BuiltBuilt in 2021

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2.5Bathrooms Full 2.5
AppliancesDishwasher, Disposal, Electric Oven, Electric Range, Microwave, Tankless Water Heater
FlooringCarpet, Laminate, Tile

Exterior

Exterior FeaturesRain Gutters
Lot Size5,489 sqft

Building Information

Year Built2021
Stories2
Garage Spaces2

Land Information

APNR-12083-00A-0210-1
Lot Number21
SubdivisionAuburndale Phase 2 (Cml)
Land UseResidential
Legal DescriptionAUBURNDALE PHASE 2 (CML), BLK A, LOT 21
Census Tract030202
Assessed Land Value$104,500
Assessed Improvement Value$353,441
Assessment Year2025

About this property

Beautifully maintained 2-story home in Auburndale with approximately 2,949 sq ft and a flexible layout designed for everyday living. Built in 2021, this home offers a bright open-concept main living area, a spacious kitchen with island, pantry, and abundant cabinetry, plus a dedicated office or den and an upstairs game room for added versatility. The private primary suite features dual sinks, garden tub, separate shower, and a generous walk-in closet. Neutral finishes, large windows, and clean lines give the home a fresh, modern feel throughout. Enjoy a covered back patio and fenced backyard with room to relax, play, or entertain. Additional highlights include a 2-car garage, separate utility room, brick and stone exterior, and great storage. Located in Melissa ISD within the sought-after Auburndale community, residents enjoy access to neighborhood amenities including parks, playgrounds, trails, greenbelt space, and community gathering areas. Convenient to Hwy 75, schools, shopping, and dining, this is a fantastic opportunity to own a stylish, functional home in one of Melissa's most desirable neighborhoods.

Investor Tools

Property Icon
$457,941
Estimated Property Value
$276,054Estimated Mortgage Balance
$182,415Estimated Equity
39% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,748 /month
Positive
Cash Flow Estimate:
$916 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$843/month
$350/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,821
$457,941
2025
$104,500
$353,441
$457,941
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,821
$457,941

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
M/I Financial Llc
Conventional
$303,450
No
First
Sep 28, 2021
Oct 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$276,054
$181,887
39%
60%
$1,820/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,860/mo
$2,170/mo
+$1,690/mo
10.1%

Learn About the Market: Opportunity in Texas

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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: Melissa

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223 Miramar Ave | Property Details | No Agent List