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$558,236

NAL Estimated Property Value

3312 Blue Jay Ln, Melissa, TX, 75454

Off MarketInfo
Beds4 Beds
Baths4 Bath
Baths3,380 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1.01 / sqft
Year BuiltBuilt in 2016

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 4Bathrooms Full 4
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Microwave
FlooringCarpet, Ceramic Tile, Wood

Exterior

Lot Size8,050 sqft

Building Information

Year Built2016
Stories2
Garage Spaces3

Land Information

APNR-10856-00D-0140-1
Lot Number14
SubdivisionMagnolia Ridge Phase 1 (Cml)
Land UseResidential
Legal DescriptionMAGNOLIA RIDGE PHASE 1 (CML), BLK D, LOT 14
Census Tract030207
Assessed Land Value$120,000
Assessed Improvement Value$438,236
Assessment Year2025

About this property

Move in ready Beautiful home in Magnolia Ridge on the corner lot with 4 beds, 4 full baths and a 3 car garage feeding into highly ranked Melissa ISD schools. Home features high ceilings, open layout, hand scraped wood floors, a study, game room and a pre-wired media room. The kitchen has granite countertops, ss appliances and an island that can double as a breakfast bar. The master suite is large with box window seating, spacious master bath with walk in closet. The front yard is landscaped and the backyard has a covered patio and plenty of yard space on the corner lot. Home is ready for new tenant to move in ASAP.

Investor Tools

Property Icon
$558,236
Estimated Property Value
$320,676Estimated Mortgage Balance
$237,560Estimated Equity
42% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,349 /month
Positive
Cash Flow Estimate:
$1,116 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,141/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,906
$558,236
2025
$120,000
$438,236
$558,236
No

Tax History

Year
Tax Paid
Assessed Value
2024
$10,906
$558,236

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Wintex Group Llc
Conventional
$352,500
No
First
Aug 24, 2021
Sep 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$320,676
$237,560
42%
57%
$2,114/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,860/mo
$2,114/mo
+$1,746/mo
8.3%

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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3312 Blue Jay Ln | Property Details | No Agent List