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$259,000

1231 Rancho Dr, Mesquite, TX, 75149

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths1 Bath
Baths1,144 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$226.4 / sqft
Year BuiltBuilt in 1971

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Gas Cooktop
FlooringCeramic Tile

Exterior

Lot Size7,200 sqft

Building Information

Year Built1971
Stories1
Roof Type105
Garage Spaces1

Land Information

APN38026500120080000
Lot Number8
SubdivisionCasa Terrace
Land UseResidential
Legal DescriptionCASA TERRACE 3 BLK 12 LT 8 VOL2005030/1323 DD02072005 CO-DC 0265001200800 1CM02650012
Census Tract017400
Assessed Land Value$70,000
Assessed Improvement Value$166,640
Assessment Year2025

About this property

Welcome to 1231 Rancho Drive in Mesquite! This well-maintained 3-bedroom, 1.5-bath home offers a comfortable and inviting layout with recent updates that add peace of mind for its next owner. Improvements include a recently replaced roof and updated PVC plumbing. The home has been well cared for and is move-in ready, offering a great opportunity for a first-time buyer or anyone looking for a charming home in an established Mesquite neighborhood. Conveniently located near shopping, dining, schools, and major highways with easy access to Dallas. Schedule your private showing today!

Investor Tools

$0Estimated Mortgage Balance
$236,640Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,554 /month
Positive
Cash Flow Estimate:
$518 /month

Interested in this property?

Jaime Enriquez

Monument Realty

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$561/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,551
$236,640
2025
$70,000
$166,640
$236,640
No

Tax History

Year
Tax Paid
Assessed Value
2025
$5,551
$236,640

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$236,640
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
N/A
+$1,972/mo
10.0%

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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1231 Rancho Dr | Property Details | No Agent List