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$507,000

2323 Myrtle Way, Melissa, TX, 75454

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,668 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$0.97 / sqft
Year BuiltBuilt in 2024

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3.5Bathrooms Full 3.5
AppliancesDishwasher, Dryer, Gas Cooktop, Microwave, Refrigerator
FlooringCarpet, Tile

Exterior

Exterior FeaturesPrivate Yard

Building Information

Year Built2024
Stories2
Garage Spaces2

Land Information

APNR-13193-00A-1480-1
Lot Number148
SubdivisionMeadow Park
Land UseResidential Single Family
Legal DescriptionMEADOW PARK PHASE 1A (CML), BLK A, LOT 148
Census Tract030201
Assessed Land Value$115,000
Assessed Improvement Value$333,964
Assessment Year2025

About this property

BRAND NEW 2024 BUILD HOME located in the Highly acclaimed Melissa ISD. Nestled in the beautiful Ashton Woods Meadow Park neighborhood. This is the perfect home for active households. Pickle ball court, playground, and a cook out area are on the same street. Its also walking distance to Ford's sports complex. and 1.7 miles to Melissa High School. There is ample room for the whole family. A spacious office, open floor plan with quartz counter tops and gas range. The Master suite is spacious and beautiful with an ensuite bath and large walk in closet. At the top of the stairs there is a large game room, 3 large bedrooms and a bath room. The front porch is covered with beautiful landscaping that gives this house such a nice curb appeal. Bous point - the HOA cuts the front lawn for you. While the back patio is covered as well giving you a large private back yard with only a tree line behind you. Call for an appointment to see this one. It will go really fast.

Investor Tools

Property Icon
$507,000
Estimated Property Value
$371,250Estimated Mortgage Balance
$146,223Estimated Equity
27% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,042 /month
Positive
Cash Flow Estimate:
$1,014 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$324/month
$975/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,354
$448,964
2025
$115,000
$333,964
$448,964
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,354
$448,964

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Sierra Pacific Mortgage Co Inc
Conventional
$371,250
No
First
Oct 4, 2024
Nov 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$360,777
$146,223
28%
71%
$2,226/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,860/mo
$3,201/mo
+$659/mo
9.1%

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.

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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 Myrtle Way | Property Details | No Agent List