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$410,000

NAL Estimated Property Value

714 Melrose Dr, Richardson, TX, 75080

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,439 Sq Ft
price_per_sqft$284.85 / sqft
Year BuiltBuilt in 1963

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range
FlooringCarpet, Ceramic Tile, Vinyl

Exterior

Exterior FeaturesAwning(s)
Lot Size7,680 sqft

Building Information

Year Built1963
Stories1
Roof Type105
Garage Spaces2

Land Information

APN42177501860240000
Lot Number24
SubdivisionRichardson Heights 2nd Sec
Land UseResidential
Legal DescriptionRICHARDSON HEIGHTS 14 2ND SEC BLK 186 LT 24 INT202300214084 DD10182023 CO-DC 1775018602400 3CR17750186
Census Tract019216
Assessed Land Value$105,000
Assessed Improvement Value$305,000
Assessment Year2025

About this property

Beautifully updated 3-2-2 Brick in Richardson. Updates include quartz countertops, new stainless appliances, updated kitchen and baths, luxury vinyl plank flooring, paint, carpet and more!

Investor Tools

Property Icon
$410,000
Estimated Property Value
$285,909Estimated Mortgage Balance
$124,091Estimated Equity
30% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,460 /month
Positive
Cash Flow Estimate:
$820 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$750/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,944
$410,000
2025
$105,000
$305,000
$410,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,944
$410,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United Wholesale Mortgage
Conventional
$300,000
No
First
Oct 18, 2023
Nov 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$285,909
$124,091
30%
70%
$1,799/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,040/mo
$1,799/mo
+$241/mo
6.0%

City: Richardson

714 Melrose Dr | Property Details | No Agent List