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$266,000

NAL Estimated Property Value

407 Melody Lane, Gainesville, TX, 76240

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,746 Sq Ft
price_per_sqft$157.45 / sqft
Year BuiltBuilt in 1982

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Electric Water Heater, Double Oven
FlooringCarpet, Linoleum, Tile

Exterior

Private PoolPrivate Pool
Lot Size10,041 sqft

Building Information

Year Built1982
Roof Type105
Garage Spaces2

Land Information

APN2356
Lot Number14
SubdivisionJoy Acres
Land UseResidential
Legal DescriptionJOY ACRES; BLOCK 10; LOT 14
Census Tract001100
Assessed Land Value$42,328
Assessed Improvement Value$208,821
Assessment Year2025

About this property

Stunning one-story brick home featuring 4 bedrooms and 2 full-sized baths. Beautiful kitchen equipped with stainless steel appliances, large pantry, abundant cabinets and counter space, breakfast bar and an inviting open concept for entertaining! Spacious living area and 4 nice size bedrooms, The large backyard has newer privacy fence shady trees and storage building, ample size for barbeques and get-togethers. Come and see this beautiful home before it is gone it will not disappoint!

Investor Tools

Property Icon
$266,000
Estimated Property Value
$0Estimated Mortgage Balance
$266,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,649 /month
Positive
Cash Flow Estimate:
$550 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$372/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,135
$251,149
2025
$42,328
$208,821
$251,149
Yes (2024)

Tax History

Year
Tax Paid
Assessed Value
2024
$3,135
$251,149

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$266,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,420/mo
N/A
+$1,420/mo
6.4%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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.

Explore Texas Explore This Area
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: Gainesville

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407 Melody Lane | Property Details | No Agent List