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$403,000

2605 Jackson Dr, Melissa, TX, 75454

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,845 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1.52 / sqft
Year BuiltBuilt in 2009

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Cooktop, Gas Water Heater, Microwave, Refrigerator, Vented Exhaust Fan
FlooringCarpet, Ceramic Tile

Building Information

Year Built2009
Stories1
Garage Spaces2

Land Information

APNR-8364-00H-0030-1
Lot Number3
SubdivisionLiberty Phase 1 (Cml)
Land UseResidential
Legal DescriptionLIBERTY PHASE 1 (CML), BLK H, LOT 3
Census Tract030207
Assessed Land Value$120,000
Assessed Improvement Value$267,534
Assessment Year2025

About this property

This beautiful updated and well-kept home is in the heart of Melissa and Liberty neighborhood. Home has open concept with high ceilings, new wood floors throughout, new carpet in 2 bedrooms, fresh bright paint, updated cabinets and hardware, new roof, new HVAC, new water heater, gas fireplace, and gas stove. There is an office or formal dining, 2 covered porches, 2 car garage, fenced backyard, and security system. Washer, dryer, and refrigerator will stay and must be maintained by the tenant. Across from home is open green space and park, pool, basketball courts, and community center is a few houses away. Wonderful community and outstanding schools!

Investor Tools

Property Icon
$403,000
Estimated Property Value
$227,500Estimated Mortgage Balance
$194,858Estimated Equity
44% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,418 /month
Positive
Cash Flow Estimate:
$806 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$579/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,932
$387,534
2025
$120,000
$267,534
$387,534
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,932
$387,534

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Nationstar Mortgage Llc
Conventional
$227,500
No
First
Nov 19, 2021
Dec 2036

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$208,142
$194,858
48%
52%
$1,364/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,960/mo
$1,364/mo
+$1,596/mo
8.8%

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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2605 Jackson Dr | Property Details | No Agent List