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$350,000

2606 Westpoint Dr, Melissa, TX, 75454

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths1,784 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$196.19 / sqft
Year BuiltBuilt in 2011

Property Lead Type:

Absentee Owner

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 Oven, Gas Water Heater, Microwave
FlooringCarpet, Ceramic Tile, Laminate, Tile, Wood, Vinyl

Exterior

Exterior FeaturesRain Gutters

Building Information

Year Built2011
Stories1
Garage Spaces2

Land Information

APNR-8364-00F-0350-1
Lot Number35
SubdivisionLiberty Phase 1 (Cml)
Land UseResidential
Legal DescriptionLIBERTY PHASE 1 (CML), BLK F, LOT 35
Census Tract030207
Assessed Land Value$120,000
Assessed Improvement Value$274,131
Assessment Year2025

About this property

LOCATION, LOCATION, LOCATION! And price below market for a quick sale! Unlike many newer homes in the area, this property has NO MUD tax and NO PID tax, helping keep your monthly ownership costs lower. Built by a very popular local builder, Drees Custom Home! And, located in the highly sought-after Melissa ISD. 3 bedrooms, a dedicated study, 2 full bathrooms, and a rear-entry 2-car garage, offering both functionality and timeless curb appeal. The rear-entry garage provides the flexibility to install a sliding gate, creating additional privacy while expanding the usable backyard space for entertaining, children, or pets. Enjoy the convenience of being within walking distance of the community HOA Amenity Center, featuring resort-style swimming pools, scenic walking and biking trails, beautiful parks, playgrounds, and peaceful ponds—perfect for an active lifestyle and family enjoyment.

Investor Tools

Property Icon
$394,131
Estimated Property Value
$291,477Estimated Mortgage Balance
$125,958Estimated Equity
26% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,365 /month
Positive
Cash Flow Estimate:
$788 /month

Interested in this property?

Fikru Tadesse

T. Custom Realty

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$578/month
$420/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,964
$394,131
2025
$120,000
$274,131
$394,131
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,964
$394,131

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Lendus Llc
Conventional
$291,477
No
First
May 18, 2022
Jun 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$268,173
$125,958
31%
68%
$1,748/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,960/mo
$2,168/mo
+$792/mo
9.0%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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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2606 Westpoint Dr | Property Details | No Agent List