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$315,083

NAL Estimated Property Value

5844 Melville Ln, Forney, TX, 75126

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,820 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$186.81 / sqft
Year BuiltBuilt in 2019

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Range, Microwave
FlooringCeramic Tile, Laminate

Exterior

Exterior FeaturesRain Gutters
Lot Size5,998 sqft

Building Information

Year Built2019
Stories1
Roof Type105
Garage Spaces2

Land Information

APN00.0482.0019.0008.00.02.00
Lot Number8
SubdivisionClements Ranch Ph 2b
Land UseResidential
Legal DescriptionCLEMENTS RANCH PH 2B, BLOCK S, LOT 8; & HOUSE & HOUSE
Census Tract050207
Assessed Land Value$82,500
Assessed Improvement Value$232,583
Assessment Year2025

About this property

**Multiple Offers Received Please Submit ASAP**Are you looking for a community that has a beautiful pond entrance with walking trails, club house, fitness center, pool and more? Check out this cozy home located in Clements Ranch mins away from Hwy 20 & Lake Ray Hubbard with plenty of shopping options and restaurants within a close range. As you pull up you will see a cute home with great curb appeal with a brick and stone combination. As you enter the home you will notice a long foyer with high ceilings. The kitchen has a lot of cabinets space with granite countertops. The living room has a fireplace and sits off the kitchen. The master bedroom is completely separate from all guest bedrooms and has a double vanity with a walk in shower-garden tub. The backyard is a great size with a patio to relax while having a nice barbecue in the summer time!

Investor Tools

Property Icon
$315,083
Estimated Property Value
$293,379Estimated Mortgage Balance
$21,704Estimated Equity
6% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,040 /month
Positive
Cash Flow Estimate:
$680 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$503/month
$600/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,458
$315,083
2025
$82,500
$232,583
$315,083
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,458
$315,083

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Everett Financial Inc
Conventional
$317,700
No
First
Apr 29, 2022
May 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$293,379
$21,704
6%
93%
$1,905/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.

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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: Forney

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5844 Melville Ln | Property Details | No Agent List