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$187,000

6429 Melinda Drive, Forest Hill, TX, 76119

$205,969 ARVInfo
Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,183 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$85.66 / sqft
Year BuiltBuilt in 1967

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesGas Range
FlooringCarpet, Ceramic Tile

Exterior

Lot Size8,163 sqft

Building Information

Year Built1967
Stories1
Garage Spaces4

Land Information

APN14390-17-32R
Lot Number32R
SubdivisionForest Wood Addition
Land UseResidential
Legal DescriptionFOREST WOOD ADDITION BLOCK 17 LOT 32R
Census Tract111103
Assessed Land Value$24,495
Assessed Improvement Value$256,549
Assessment Year2025

About this property

Wonderful family home with 2 Master Bedrooms, a large Family Room and a separate Game Room (over 2000 sq ft). The Kitchen has custom cabinets, granite tops and a new gas stainless range and microwave. Owner just had the roof replaced, interior painted, new wooden privacy fence for backyard, and the foundation has lifetime transferable warranty. Large covered parking area and automated front entry gate (manual for listing - release latch and slide open). Large storage shed stays with the home.

Investor Tools

Property Icon
$281,044
Estimated Property Value
$0Estimated Mortgage Balance
$115,618Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$205,969
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,686 /month
Positive
Cash Flow Estimate:
$562 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$648/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,376
$281,044
2025
$24,495
$256,549
$281,044
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,376
$281,044

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cmg Mortgage Inc
Fha
$183,612
Yes
First
Mar 26, 2021
Apr 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$165,426
$115,618
41%
59%
$1,101/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,927/mo
$1,101/mo
+$826/mo
8.2%

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: Forest Hill

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