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$464,705

NAL Estimated Property Value

2612 Independence Drive, Melissa, TX, 75454

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,591 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$115.4 / sqft
Year BuiltBuilt in 2012

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3.5Bathrooms Full 3.5
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Microwave, Plumbed For Ice Maker, Vented Exhaust Fan, Gas Water Heater
FlooringCarpet, Ceramic Tile, Wood

Exterior

Exterior FeaturesFire Pit, Rain Gutters

Building Information

Year Built2012
Stories2
Garage Spaces2

Land Information

APNR-8364-00A-0070-1
Lot Number7
SubdivisionLiberty Phase 1 (Cml)
Land UseResidential
Legal DescriptionLIBERTY PHASE 1 (CML), BLK A, LOT 7
Census Tract030207
Assessed Land Value$120,000
Assessed Improvement Value$344,705
Assessment Year2025

About this property

Recently updated, beautiful well maintained home in Liberty subdivision Engineered wood floors from front door to back with tile in utility and baths and carpet in master and upstairs. Gas cook top, stainless appliances, large island and pantry in kitchen with over sized cabinets. Very open floor pan with 2 story entry and large space for kitchen breakfast and family, kitchen also has work desk with additional cabinets. Master is also large with updated bath. Upstairs, great game room with 2 more bedrooms and another full bath. The back patio is spacious with an outside fireplace. This is a wonderful community with outstanding schools.

Investor Tools

Property Icon
$464,705
Estimated Property Value
$267,892Estimated Mortgage Balance
$196,813Estimated Equity
42% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,788 /month
Positive
Cash Flow Estimate:
$929 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$819/month
$600/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,509
$464,705
2025
$120,000
$344,705
$464,705
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,509
$464,705

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Moria Development Inc
Fha
$293,584
Yes
First
Apr 30, 2020
May 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$267,892
$196,813
42%
58%
$1,824/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,960/mo
$2,424/mo
+$536/mo
7.6%

City: Melissa

2612 Independence Drive | Property Details | No Agent List