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$457,991

2707 Ash Ave, Melissa, TX, 75454

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,219 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1.13 / sqft
Year BuiltBuilt in 2020

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
AppliancesBuilt-In Gas Range, Dishwasher, Disposal, Gas Cooktop, Gas Water Heater, Microwave, Vented Exhaust Fan
FlooringCarpet, Marble, Tile

Exterior

Lot Size6,410 sqft

Building Information

Year Built2020
Stories1
Garage Spaces2

Land Information

APNR-11987-00C-0370-1
Lot Number37
SubdivisionNorth Creek Estates Phase 4b (Cml)
Land UseResidential
Legal DescriptionNORTH CREEK ESTATES PHASE 4B (CML), BLK C, LOT 37
Census Tract030207
Assessed Land Value$115,000
Assessed Improvement Value$342,991
Assessment Year2025

About this property

Available June 1st with $500 off second month rent! Beautifully maintained and recently built with 3 bedrooms, 2 full bathrooms, a den, and a 2-car garage. Featuring two dining areas, a spacious living room, and full size laundry room. Primary bedroom with large bay window, spacious ensuite bath with a garden tub, separate shower and large walk in closet. Two additional bedrooms are spacious and split from the primary bedroom. Enjoy the covered back patio and the spacious backyard this Summer. Situated in the beautiful community of North Creek Estates in Melissa ISD! Refrigerator included, 1+ year leases available with a special promo for any 2 year lease signed. Ask listing agent for more info. And schedule your showing today!

Investor Tools

Property Icon
$457,991
Estimated Property Value
$451,668Estimated Mortgage Balance
$32,640Estimated Equity
1% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,748 /month
Positive
Cash Flow Estimate:
$916 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$919/month
$47/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,740
$457,991
2025
$115,000
$342,991
$457,991
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,740
$457,991

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United Wholesale Mortgage
Conventional
$451,668
No
First
Mar 30, 2023
Apr 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$425,351
$32,640
7%
93%
$2,708/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,960/mo
$2,755/mo
+$205/mo
7.8%

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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2707 Ash Ave | Property Details | No Agent List