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$386,043

NAL Estimated Property Value

3311 Founders Way, Melissa, TX, 75454

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,045 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$126.11 / sqft
Year BuiltBuilt in 2014

Property Lead Type:

Off-Market ListDeal ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Gas Range, Microwave, Plumbed For Ice Maker
FlooringCarpet, Ceramic Tile

Exterior

Lot Size5,775 sqft

Building Information

Year Built2014
Stories1
Garage Spaces2

Land Information

APNR-10537-00O-0160-1
Lot Number16
SubdivisionVillages Of Melissa Phase 2a (Cml)
Land UseResidential
Legal DescriptionVILLAGES OF MELISSA PHASE 2A (CML), BLK O, LOT 16
Census Tract030206
Assessed Land Value$100,000
Assessed Improvement Value$286,043
Assessment Year2025

About this property

WELCOME HOME to this well-kept 1-story w 4 bdrms & 2 full baths. Front bdrm could be office - has closet. Open & spacious flrpln w upgraded 42in white kitchen cabinets w glaze, lots of countertop spaces & overlooks bfast nook, family rm & backyard. Seller added custom wood pallet wall to accentuate the space. Master bedroom separated fr secondary bdrms for privacy. Formal dining used as sitting rm. Small covered patio w backyard. Home within walking distance to community pool & playground. Villages of Melissa has miles of walking trails, convenient to 3 Melissa schools, Melissa Town Center. Mins to 75-380 area. This home professionally deep cleaned recently.

Investor Tools

Property Icon
$386,043
Estimated Property Value
$249,084Estimated Mortgage Balance
$136,959Estimated Equity
35% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,316 /month
Positive
Cash Flow Estimate:
$772 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$807/month
$430/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,755
$386,043
2025
$100,000
$286,043
$386,043
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,755
$386,043

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Synergy One Lending
Conventional
$272,250
No
First
Nov 5, 2021
Dec 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$249,084
$136,959
35%
65%
$1,633/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,860/mo
$2,063/mo
+$1,797/mo
12.0%

City: Melissa

3311 Founders Way | Property Details | No Agent List