B+

NoAgentList RatingHow are grades calculated?

2view

$353,078

407 Fisherman Trl, Melissa, TX, 75454

Off Market

4 Beds

3 Bath

2,042 Sq Ft

Single Family Residence

$1.13 / sqft

Built in 2007

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4

Bathrooms Full 3

Garage Available

Heating Central

Cooling

AppliancesDishwasher, Disposal, Electric Range, Gas Water Heater, Ice Maker, Microwave, Refrigerator

FlooringCarpet, Ceramic Tile

Exterior

Exterior FeaturesRain Gutters, Lighting

Building Information

Year Built2007

Stories2

Garage Spaces2

Land Information

APNR-8668-00F-0270-1

Lot Number27

SubdivisionHunters Ridge Phase 3 (Cml)

Land UseResidential

Legal DescriptionHUNTERS RIDGE PHASE 3 (CML), BLK F, LOT 27

Census Tract030206

Assessed Land Value$90,000

Assessed Improvement Value$263,078

Assessment Year2025

About this property

Beautiful 1.5 story home in Melissa offers 4BR,3FullBath,1BigLivingRm,1BigDiningRm & 2Car garage is move-in ready & within highly rated Melissa ISD. This well-kept home has a functional layout, Light&Bright. New Laminate Wood Floor in the hallway all the way to the family rm. HugeFamRm has pre-wired for flat screens & surround sound & is adjacent to the kitchen & dining area. The spacious kitchen has WalkInPantry, & 3 Door Stainless Fridge stays. Generous-sized Master BR has updated ensuite bath & WalkInCloset with custom-made organizer. Updated vanity, & JettedTub. The other 2BR down has walk-in closet. One big BR up with full bath could be your office, guest room or flex room. The oversized utility room comes full-size Samsung front load washer & dryer. It has a sprinkler system, 8ft BoB privacy fence. The HOA offers a Community Swimming pool, park, playground & has easy access to Hwy75 & Hwy121. App fee 60.00 per adult. No smoking, No felony, No Sec8. Pet restrictions.

Investor Tools

$353,078

Estimated Property Value

$195,500Estimated Mortgage Balance

$180,814Estimated Equity

45% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$2,118 /month

Positive

Cash Flow Estimate:

$706 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$711/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$6,763

$353,078

2025

$90,000

$263,078

$353,078

Tax History

Year

Tax Paid

Assessed Value

2024

$6,763

$353,078

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Loandepot.Com Llc

Conventional

$195,500

First

Apr 28, 2020

May 2050

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$172,264

$180,814

51%

49%

$1,173/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$3,860/mo

$1,173/mo

+$2,687/mo

13.1%

Learn About the Market: Opportunity in Texas

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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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