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$295,000

6100 Melody Lane, Watauga, TX, 76148

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,273 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$231.74 / sqft
Year BuiltBuilt in 1971

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Electric Range, Refrigerator

Exterior

Lot Size10,406 sqft

Building Information

Year Built1971
Stories1
Garage Spaces2

Land Information

APN4080-44-4
Lot Number4
SubdivisionBrowning Heights North
Land UseResidential
Legal DescriptionBROWNING HEIGHTS NORTH BLOCK 44 LOT 4
Census Tract113810
Assessed Land Value$45,000
Assessed Improvement Value$187,342
Assessment Year2025

About this property

Turnkey brick ranch in the heart of Watauga with great curb appeal, mature trees, and a welcoming red front door. Inside, the living room is bright and open with arched windows and a ceiling fan. The kitchen features white cabinetry, granite countertops, and a functional layout. The primary bath has been updated with a quartz vanity and clean, modern finishes. Out back, you'll find a large fenced yard, covered patio, and tons of green space, perfect for gatherings or just unwinding after a long day. Currently used as a short-term rental with verifiably income, this home is a great fit for firs-time homebuyers and investors alike. Located in Watauga with quick access to Loop 820, I-35W, and Alliance Town Center, you're minutes from dining, shopping, major employers, and DFW Airport. Easy commuting in any direction makes this one a no-brainer.

Investor Tools

Property Icon
$292,000
Estimated Property Value
$0Estimated Mortgage Balance
$78,762Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,770 /month
Positive
Cash Flow Estimate:
$590 /month

Interested in this property?

Brittney Kosev

BK Real Estate

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$399/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,329
$232,342
2025
$45,000
$187,342
$232,342
No

Tax History

Year
Tax Paid
Assessed Value
2025
$3,329
$232,342

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Rocket Mortgage Llc
Conventional
$218,400
No
First
Jan 29, 2025
Feb 2040

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$213,238
$78,762
26%
73%
$1,310/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,490/mo
$1,310/mo
+$1,180/mo
10.2%

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: Watauga

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