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B+
NoAgentList RatingHow are grades calculated? Info

$148,000

1011 Powell Circle, Mesquite, TX, 75149

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths782 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$166.24 / sqft
Year BuiltBuilt in 1955

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Heating CentralHeating Central
CoolingCooling
AppliancesGas Oven
FlooringCarpet, Vinyl

Exterior

Lot Size6,748 sqft

Building Information

Year Built1955
Stories1
Roof Type105

Land Information

APN38123500001300000
Lot Number130
SubdivisionMelton
Land UseResidential
Legal DescriptionMELTON 4 LT 0130 INT202100226560 DD07282021 CO-DC 1235000013000 1CM12350000
Census Tract017606
Assessed Land Value$59,050
Assessed Improvement Value$80,950
Assessment Year2025

About this property

**Due to multiple offers, Highest and Best due by Thursday July 1st at 5 pm... Charming home in a great location near the Mesquite Rodeo and easy access to 635 for commuting. Great Investment property in a great rental location or just perfect for that first time home. Nice treed lot with a chain link fenced backyard and a storage building.

Investor Tools

Property Icon
$148,000
Estimated Property Value
$0Estimated Mortgage Balance
$29,100Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$888 /month
Positive
Cash Flow Estimate:
$296 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$228/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,002
$140,000
2025
$59,050
$80,950
$140,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,002
$140,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Willow Bend Mortgage Co
Conventional
$130,950
No
First
Jul 28, 2021
Aug 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$118,900
$29,100
19%
80%
$786/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,565/mo
$786/mo
+$779/mo
12.7%

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: Mesquite

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1011 Powell Circle | Property Details | No Agent List