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$521,000

NAL Estimated Property Value

2904 Truman Drive, Melissa, TX, 75454

Off MarketInfo
Beds4 Beds
Baths4 Bath
Baths3,066 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$109.26 / sqft
Year BuiltBuilt in 2006

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3.5Bathrooms Full 3.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Gas Cooktop, Microwave
FlooringCarpet, Ceramic Tile, Wood

Building Information

Year Built2006
Stories2
Garage Spaces3

Land Information

APNR-8364-00S-0320-1
Lot Number32
SubdivisionLiberty Phase 1 (Cml)
Land UseResidential
Legal DescriptionLIBERTY PHASE 1 (CML), BLK S, LOT 32
Census Tract030207
Assessed Land Value$138,000
Assessed Improvement Value$357,929
Assessment Year2025

About this property

SPACIOUS AND ROOMY HOME ON OVERSIZED LOT ON CUL DE SAC. Great home with downstairs master plus dining and study or flex space. Upstairs has gameroom and large media room along with 3 bedrooms and 2 FULL baths. An island kitchen has tons of counterspace and all stainless appliances. Large backyard can be enjoyed from covered patio. A short walk to community pool, playground and elementary school.

Investor Tools

Property Icon
$521,000
Estimated Property Value
$332,171Estimated Mortgage Balance
$188,829Estimated Equity
36% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,126 /month
Positive
Cash Flow Estimate:
$1,042 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$822/month
$550/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,262
$495,929
2025
$138,000
$357,929
$495,929
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,262
$495,929

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Primelending
Conventional
$363,750
No
First
Oct 15, 2021
Nov 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$332,171
$188,829
36%
64%
$2,181/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,860/mo
$2,731/mo
+$1,129/mo
8.9%

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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2904 Truman Drive | Property Details | No Agent List