Real opportunities. Driven by live market signals.
Updated every minute.

Browse Homes — Buy Direct, Deal on Your Terms

Updated Properties Icon
Updated Properties
—
Last 24 HoursLast 24 Hours
ARV Flip List
ARV Flip List
  • Properties with flip potential and high ARV margins
View AllArrow
Pre-Foreclosure List
Pre-Foreclosure List
  • Homes with notice of default or impending auction
View AllArrow
Auction List
Auction List
  • Real estate scheduled for county or online auction
View AllArrow
Deals List
Deals List
  • Discounted properties priced below market value
View AllArrow
Must Sell List
Must Sell List
  • Highly motivated sellers looking for fast closings
View AllArrow
Off-Market List
Off-Market List
  • Exclusive off-market opportunities not found on MLS
View AllArrow

$307,000

NAL Estimated Property Value

275 Salmon Lake Drive, Melissa, TX, 75454

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,561 Sq Ft
price_per_sqft$127.48 / sqft
Year BuiltBuilt in 2003

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Plumbed For Ice Maker, Vented Exhaust Fan, Gas Water Heater
FlooringCarpet, Ceramic Tile, Wood

Exterior

Exterior FeaturesRain Gutters

Building Information

Year Built2003
Stories1
Garage Spaces2

Land Information

APNR-8153-00G-0370-1
Lot Number37
SubdivisionHunters Ridge Phase 2 (Cml)
Land UseResidential
Legal DescriptionHUNTERS RIDGE PHASE 2 (CML), BLK G, LOT 37
Census Tract030206
Assessed Land Value$85,500
Assessed Improvement Value$209,778
Assessment Year2025

About this property

Beautifully maintained single story home is located in the incredible Melissa School District. This one story home follows an open floor plan. Upon entering you're steered through pillars into the large living area that connects Kitchen, Living Room, Formal Dining, and Breakfast room. Hard wood flooring covers throughout the main hallway, formal dining, and family room. House is located on an exterior lot of the subdivision, featuring a large backyard that gives view to large trees, with a large deck that gives it a wonderful living area. Buyer to verify all information.

Investor Tools

Property Icon
$307,000
Estimated Property Value
$138,211Estimated Mortgage Balance
$168,789Estimated Equity
54% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,842 /month
Positive
Cash Flow Estimate:
$614 /month

Interested in this property?

Run an Owner Lookup!

Unlock Owner Contacts

Want alerts when something changes with this property?

Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$429/month
$140/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,614
$295,278
2025
$85,500
$209,778
$295,278
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,614
$295,278

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First Bank
Conventional
$159,200
No
First
Sep 3, 2019
Oct 2049

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$138,211
$168,789
54%
45%
$955/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,960/mo
$1,095/mo
+$1,865/mo
11.6%

City: Melissa