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$441,000

NAL Estimated Property Value

3601 Clara Dr, Melissa, TX, 75454

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,061 Sq Ft
price_per_sqft$215.91 / sqft
Year BuiltBuilt in 2022

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
AppliancesDishwasher, Disposal
FlooringCarpet, Ceramic Tile, Vinyl

Exterior

Lot Size6,011 sqft

Building Information

Year Built2022
Stories1
Garage Spaces2

Land Information

APNR-12411-00C-0200-1
Lot Number20
SubdivisionMilrany Ranch Phase 1 (Cml)
Land UseResidential
Legal DescriptionMILRANY RANCH PHASE 1 (CML), BLK C, LOT 20
Census Tract030201
Assessed Land Value$130,000
Assessed Improvement Value$305,614
Assessment Year2025

About this property

Welcome to Your New Home in Melissa ISD! This stunning 4-bedroom, 2.5-bath home offers the perfect blend of comfort, style, and functionality. Built by K. Hovnanian Homes, this thoughtfully designed residence is nestled in one of North Texas’ fastest-growing communities. Step inside and be greeted by a spacious, open layout filled with natural light. The kitchen is a chef’s dream—featuring abundant cabinetry, expansive countertops, and a layout perfect for both everyday living and entertaining. The private primary suite is tucked away at the back of the home, offering a peaceful retreat. Secondary bedrooms are well-sized and share an oversized hall bath, providing plenty of space for everyone. Pride of ownership is evident throughout, with meticulous care and tasteful upgrades that enhance every inch of the home. Enjoy built-in surround sound throughout, creating an immersive experience whether you’re relaxing or hosting guests. Step outside to your beautifully landscaped backyard complete with a pergola—an ideal space for entertaining or unwinding.Garage is wired for electric vehicle charging station. Located just minutes from the new Kroger Marketplace and the soon-to-open H-E-B, convenience is at your doorstep. Melissa continues to grow as one of the most desirable communities in the DFW area—don’t miss your opportunity to call this home your own.

Investor Tools

Property Icon
$441,000
Estimated Property Value
$493,843Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,670 /month
Positive
Cash Flow Estimate:
$890 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$777/month
$1,200/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,125
$435,614
2025
$130,000
$305,614
$435,614
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,125
$435,614

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Fairway Independent Mortgage Corp
Fha
$525,309
Yes
First
Feb 27, 2023
Mar 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$493,843
N/A
0%
112%
$3,150/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,860/mo
$4,350/mo
$-490/mo
10.5%

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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3601 Clara Dr | Property Details | No Agent List