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$249,900

901 Melanie Ln, Keene, TX, 76059

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,310 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$190.76 / sqft
Year BuiltBuilt in 1985

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
AppliancesDishwasher, Electric Oven, Electric Range, Electric Water Heater
FlooringCarpet, Ceramic Tile

Building Information

Year Built1985

Land Information

APN126.3650.00010
Lot Number1
Land UseResidential
Legal DescriptionLOT 1 MANSFIELD COURT
Census Tract130304
Assessed Land Value$25,000
Assessed Improvement Value$230,128
Assessment Year2025

About this property

Look no further! Here's a corner lot home that offers 4 bedroom and 2 bathrooms in a quiet and established neighborhood here in Keene. New roof was put in end of last year. It has a living room and a family room with a good size dining area. Bedrooms are spacious in size as well. Seller's will at least needed a month lease back if possible. Close to Southwestern University.

Investor Tools

Property Icon
$255,128
Estimated Property Value
$245,471Estimated Mortgage Balance
$27,208Estimated Equity
4% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,531 /month
Positive
Cash Flow Estimate:
$510 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$516/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,920
$255,128
2025
$25,000
$230,128
$255,128
No

Tax History

Year
Tax Paid
Assessed Value
2025
$4,920
$255,128

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Fairway Independent Mortgage Corp
Fha
$245,471
Yes
First
Jul 22, 2022
Aug 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$227,920
$27,208
10%
89%
$1,472/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,927/mo
$1,472/mo
+$455/mo
9.1%

Learn About the Market: Opportunity in Texas

Local Market Pages
Local Market Pages 2Local Market Pages 3Local Market Pages 4

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: Keene

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901 Melanie Ln | Property Details | No Agent List