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$235,890

NAL Estimated Property Value

336 Melrose Dr Apt 5c, Richardson, TX, 75080

Off MarketInfo
Beds2 Beds
Baths3 Bath
Baths1,117 Sq Ft
price_per_sqft$208.59 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Electric Water Heater
FlooringTile, Vinyl

Exterior

Lot Size5.42 acres

Building Information

Year Built1983
Stories2
Roof Type104

Land Information

APN42148200000E000E3
SubdivisionRichardson Crossroads
Land UseResidential
Legal DescriptionRICHARDSON CROSSROADS PH 1 & 2 RCHDSN CRSNG2 TR 1.1&1.4 ACS 5.42 BLDG E UNIT E3 CE.0133% APT 5C INT201400198990 DD07292014
Census Tract019211
Assessed Land Value$37,680
Assessed Improvement Value$198,210
Assessment Year2025

About this property

Beautifully Updated Condo in Prime Richardson Location! Stylish and move-in ready, this condo features new luxury vinyl plank flooring, new stair step boards, updated lighting, and refreshed bathrooms with new vanities and toilets. The kitchen features granite countertops and new cabinet facings, offering a modern, timeless look. Upstairs includes two spacious bedrooms, each with its own ensuite bathroom, plus a convenient half bath on the main level. Bright, open layout with thoughtful updates throughout. Excellent Richardson location near shopping, dining, highways, and top-rated schools — perfect for homeowners or investors!

Investor Tools

Property Icon
$235,890
Estimated Property Value
$14,535Estimated Mortgage Balance
$221,355Estimated Equity
93% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,415 /month
Positive
Cash Flow Estimate:
$472 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$527/month
$442/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,144
$235,890
2025
$37,680
$198,210
$235,890
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,144
$235,890

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Washington Mutual Bank Fa
N/A
$56,925
N/A
First
Apr 18, 2001
May 2016

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$14,535
$221,355
93%
6%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,620/mo
$442/mo
+$1,178/mo
8.2%

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: Richardson

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336 Melrose Dr Apt 5c | Property Details | No Agent List