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$329,000

3523 Brazos Street, Melissa, TX, 75454

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,928 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$112.36 / sqft
Year BuiltBuilt in 2016

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
AppliancesDishwasher, Disposal, Gas Range, Plumbed For Ice Maker, Gas Water Heater
FlooringCarpet, Ceramic Tile

Exterior

Lot Size8,633 sqft

Building Information

Year Built2016
Stories2
Garage Spaces3

Land Information

APNR-10859-00U-0020-1
Lot Number2
SubdivisionVillages Of Melissa Phase 2c (Cml)
Land UseResidential
Legal DescriptionVILLAGES OF MELISSA PHASE 2C (CML), BLK U, LOT 2
Census Tract030206
Assessed Land Value$110,000
Assessed Improvement Value$376,106
Assessment Year2025

About this property

You will love living in the Villages of Melissa ! Only three exits North of McKinney, so convenient. DR Horton's Hampton floor plan features 4 bedrooms, 3 full bathrooms, Owners suite and secondary bedrooms are downstairs. Two bedrooms, game room and media room are upstairs. The media rooms is currently being used as a 5th bedroom. Kitchen has granite counters, a gas range and lots of cabinet space. The yard has a lot of space and it has a THREE CAR GARAGE !!!

Investor Tools

Property Icon
$486,106
Estimated Property Value
$0Estimated Mortgage Balance
$306,591Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,917 /month
Positive
Cash Flow Estimate:
$972 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$796/month
$215/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,122
$486,106
2025
$110,000
$376,106
$486,106
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,122
$486,106

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Better Mortgage Corporation
Conventional
$196,954
No
First
Sep 23, 2021
Oct 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$179,515
$306,591
63%
37%
$1,181/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,860/mo
$1,396/mo
+$2,464/mo
9.5%

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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3523 Brazos Street | Property Details | No Agent List