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$483,996

NAL Estimated Property Value

2314 Houston Dr, Melissa, TX, 75454

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,455 Sq Ft
price_per_sqft$213.85 / sqft
Year BuiltBuilt in 2015

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Gas Water Heater, Microwave
FlooringCarpet, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesRain Gutters
Lot Size6,050 sqft

Building Information

Year Built2015
Stories1
Garage Spaces2

Land Information

APNR-10624-00G-0180-1
Lot Number18
SubdivisionLiberty Phase 3a (Cml)
Land UseResidential
Legal DescriptionLIBERTY PHASE 3A (CML), BLK G, LOT 18
Census Tract030207
Assessed Land Value$140,000
Assessed Improvement Value$343,996
Assessment Year2025

About this property

This stunning one-owner, single-story home is a must-see! Nestled in Liberty (a premier neighborhood in Melissa, TX), this house by Highland Homes offers a unique floor plan with three bedrooms and two bathrooms. The Master Suite features two sinks, tub, upgraded fixtures, a secluded shower and large walk-in closet. Front two bedrooms share a full bath. The foyer, complete with high ceilings and arched doorways, leads to a gorgeous family gathering area, a space with plenty of room for living and dining. Brick accents and a stone fireplace anchor the open concept. Kitchen has beautiful appliances and a large island with room for additional seating. Outdoor living area is the perfect peaceful place to entertain and enjoy. Two bonus rooms allow for flexibility, becoming an office, playroom, exercise or entertainment space. Neighborhood amenities include on-site elementary for Melissa ISD, pool, splashpad, a catch and release pond, plus sports pavilions and playgrounds.

Investor Tools

Property Icon
$483,996
Estimated Property Value
$130,691Estimated Mortgage Balance
$353,305Estimated Equity
72% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,150 /month
Positive
Cash Flow Estimate:
$1,050 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$870/month
$700/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,024
$483,996
2025
$140,000
$343,996
$483,996
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,024
$483,996

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First Community Mortgage Inc
Conventional
$140,000
No
First
Oct 14, 2022
Nov 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$130,691
$353,305
72%
27%
$840/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,960/mo
$1,540/mo
+$1,420/mo
7.3%

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: Melissa

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