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$166,000

5401 Melissa Rd, Canyon, TX, 79015

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,204 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$62.29 / sqft
Year BuiltBuilt in 1978

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2

Exterior

Private PoolPrivate Pool
Lot Size1.40 acres

Building Information

Year Built1980
Stories1

Land Information

APNR-065-3750-0610
Lot Number62
SubdivisionRockwell Place # 1
Land UseResidential
Legal DescriptionROCKWELL PLACE # 1, TR 062, 1.4000 ACRES MANUFACTURER: 1982 SANDPOINTE SERIAL NUMBER: TXFL1AC13894794 SERIAL NUMBER: TEX01999
Census Tract021706
Assessed Land Value$15,000
Assessed Improvement Value$2,421
Assessment Year2025

About this property

Looking for LAND with UTILITIES and minimal deed restrictions in Canyon Texas? This would be a great opportunity if you are need land to build a shop on or even a RV Park! Tiny homes and multifamily allowed, Located in Canyon ISD! This 1.4-acre property offers a great opportunity for homeowners, investors, or anyone ready to live the country lifestyle with flexibility and freedom. Beautiful mature trees and a circle driveway. Includes a 3-bedroom, 2-bathroom mobile home that is livable but needs a little TLC. Great layout and a wood burring fireplace. Dishwasher, microwave, and stove stay. Per seller Roof does not leak, and electrical was updated in the last few years at the pole and in the home. (Mobile home can be removed if needed for land financing)

Investor Tools

Property Icon
$166,000
Estimated Property Value
$0Estimated Mortgage Balance
$166,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$996 /month
Positive
Cash Flow Estimate:
$332 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$94/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$297
$17,421
2025
$15,000
$2,421
$17,421
No

Tax History

Year
Tax Paid
Assessed Value
2018
$297
$17,421

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$166,000
100%
0%
$0/mo

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.

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: Canyon

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5401 Melissa Rd | Property Details | No Agent List