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B+
NoAgentList RatingHow are grades calculated? Info

$494,000

2803 Madison Dr, Melissa, TX, 75454

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,974 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$166.11 / sqft
Year BuiltBuilt in 2006

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Gas Water Heater, Microwave
FlooringCarpet, Vinyl

Exterior

Exterior FeaturesRain Gutters, Lighting

Building Information

Year Built2006
Stories2
Garage Spaces2

Land Information

APNR-8364-00M-0220-1
Lot Number22
SubdivisionLiberty Phase 1 (Cml)
Land UseResidential
Legal DescriptionLIBERTY PHASE 1 (CML), BLK M, LOT 22
Census Tract030207
Assessed Land Value$138,000
Assessed Improvement Value$358,207
Assessment Year2025

About this property

You will LOVE the quiet cul de sac & be greeted w mature trees including a tire swing and a long swing driveway. Once inside you'll love the real hardwood floors that creates a timeless elegance. 3 bedrooms on the 1st level and the 4th bedroom with full bath and gameroom upstairs. The open-concept design provides an ideal space for entertaining. The kitchen is a true culinary haven, granite countertops, gas and stainless steel appliances that combine style with functionality. Modernized lighting fixtures throughout the home create a contemporary atmosphere. A versatile home office is perfect for those working from home with tons of natural lighting. Once outside the backyard you will step into the spacious custom covered patio, a perfect space for hanging out during family barbecues. Nestled in a highly sought-after neighborhood, this property enjoys proximity to schools, parks, and shopping, providing convenience to all the essentials.

Investor Tools

Property Icon
$497,000
Estimated Property Value
$465,500Estimated Mortgage Balance
$51,149Estimated Equity
6% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,982 /month
Positive
Cash Flow Estimate:
$994 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$795/month
$385/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,057
$496,207
2025
$138,000
$358,207
$496,207
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,057
$496,207

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Churchill Mortgage Corp
Conventional
$465,500
No
First
Jan 22, 2024
Feb 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$445,851
$51,149
10%
90%
$2,791/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,860/mo
$3,176/mo
+$684/mo
9.3%

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.

Explore Texas Explore This Area
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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2803 Madison Dr | Property Details | No Agent List