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$390,000

2323 Independence Dr, Melissa, TX, 75454

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,339 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$166.74 / sqft
Year BuiltBuilt in 2017

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Microwave, Plumbed For Ice Maker, Refrigerator, Gas Water Heater
FlooringCeramic Tile, Wood

Exterior

Exterior FeaturesRain Gutters
Lot Size6,050 sqft

Building Information

Year Built2017
Stories1
Garage Spaces2

Land Information

APNR-10624-00H-0020-1
Lot Number2
SubdivisionLiberty Phase 3a (Cml)
Land UseResidential
Legal DescriptionLIBERTY PHASE 3A (CML), BLK H, LOT 2
Census Tract030207
Assessed Land Value$140,000
Assessed Improvement Value$342,977
Assessment Year2025

About this property

Talk about gently lived in!! This Highland-built beauty still feels like new! Great natural light, high ceilings, spacious open floorplan & oversized garage. The large open kitchen has a super clean look dressed up with white cabs & soft colors & offers great workspace, gas cooktop, ss appliances, spice cab, brkfast bar, & large pantry. Open to the kitchen & overlooking the bkyard, the family room has a gorgeous stone fireplace with a raised hearth as its centerpiece. The massive private master suite is located in the back of the home & has a great walk-in closet, garden tub, walk-in shower, & dual sinks. Secondary bedrooms are split & have a flex room between them. Fridge, washer & dryer convey with the house.

Investor Tools

Property Icon
$482,977
Estimated Property Value
$287,300Estimated Mortgage Balance
$202,600Estimated Equity
41% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,898 /month
Positive
Cash Flow Estimate:
$966 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$993/month
$650/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,504
$482,977
2025
$140,000
$342,977
$482,977
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,504
$482,977

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Metro City Bank
Conventional
$287,300
No
First
Dec 5, 2023
Jan 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$280,377
$202,600
41%
58%
$1,984/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,960/mo
$2,634/mo
+$326/mo
7.4%

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: Melissa

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2323 Independence Dr | Property Details | No Agent List