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$335,000

1206 Freestone Dr, Melissa, TX, 75454

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths1,699 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$197.17 / sqft
Year BuiltBuilt in 2020

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
AppliancesDishwasher, Gas Cooktop, Disposal, Microwave
FlooringLuxury Vinyl Plank

Exterior

Private PoolPrivate Pool
Exterior FeaturesGarden, Other, Private Yard, Rain Gutters
Lot Size5,358 sqft

Building Information

Year Built2020
Stories1
Garage Spaces2

Land Information

APNR-11470-0GG-0190-1
Lot Number19
SubdivisionVillages Of Melissa Phase 4 (Cml)
Land UseResidential
Legal DescriptionVILLAGES OF MELISSA PHASE 4 (CML), BLK GG, LOT 19
Census Tract030206
Assessed Land Value$100,000
Assessed Improvement Value$258,448
Assessment Year2026

About this property

Well maintained 3 bedroom, 2 bath home in the growing community of Melissa. The home features updated flooring throughout, creating a fresh and cohesive look while providing a comfortable setting for everyday living. The private backyard is ready for relaxing and entertaining. A pergola provides the perfect spot for morning coffee, outdoor dining or gathering with family and friends. It’s a great space to enjoy the Texas evenings and make the most of your backyard. Located in a convenient area of Melissa, this home is close to H-E-B, shopping, dining and other everyday amenities. Easy access to Highway 75 makes commuting and exploring everything North Texas has to offer a breeze. Enjoy the welcoming community of Melissa while having the conveniences of shopping, dining and major highways close by.

Investor Tools

$218,785Estimated Mortgage Balance
$139,663Estimated Equity
38% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,151 /month
Positive
Cash Flow Estimate:
$717 /month

Interested in this property?

Stefanie Russell

Funk Realty Group, LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$585/month
$325/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,232
$358,448
2026
$100,000
$258,448
$358,448
No

Tax History

Year
Tax Paid
Assessed Value
2025
$5,232
$358,448

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Dhi Mortgage Company Ltd
Fha
$249,865
Yes
First
Jun 17, 2020
Jul 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$218,785
$139,663
38%
61%
$1,499/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,960/mo
$1,824/mo
+$1,136/mo
9.9%

City: Melissa

1206 Freestone Dr | Property Details | No Agent List