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$269,343

NAL Estimated Property Value

605 Melody Lane, Gainesville, TX, 76240

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,620 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$151.79 / sqft
Year BuiltBuilt in 1963

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
AppliancesElectric Range, Plumbed For Ice Maker
FlooringCarpet, Ceramic Tile, Laminate

Exterior

Lot Size10,672 sqft

Building Information

Year Built1963
Roof Type105
Garage Spaces2

Land Information

APN8965
Lot Number15
SubdivisionJoy Acres
Land UseResidential
Legal DescriptionJOY ACRES; BLOCK 11; LOT 15 & N 5' OF 14
Census Tract001100
Assessed Land Value$44,257
Assessed Improvement Value$225,086
Assessment Year2025

About this property

Nice updated home in quiet neighborhood. 3 bedroom 2 bath home features open concept design with updated flooring and nice size owner suite. Large fenced back yard with covered patio is perfect for entertaining. Roof is one year old and the electrical has been updated.

Investor Tools

Property Icon
$269,343
Estimated Property Value
$233,550Estimated Mortgage Balance
$35,793Estimated Equity
13% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,616 /month
Positive
Cash Flow Estimate:
$539 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$466/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,247
$269,343
2025
$44,257
$225,086
$269,343
Yes (2024)

Tax History

Year
Tax Paid
Assessed Value
2024
$4,247
$269,343

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Mortgage Research Center Llc
Va
$254,317
Yes
First
Jan 28, 2022
Feb 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$233,550
$35,793
13%
87%
$1,525/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,420/mo
$1,525/mo
$-105/mo
6.3%

City: Gainesville

605 Melody Lane | Property Details | No Agent List