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$346,110

NAL Estimated Property Value

1234 Terrace Drive, Mesquite, TX, 75150

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,158 Sq Ft
price_per_sqft$147.82 / sqft
Year BuiltBuilt in 1985

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Cooktop, Gas Water Heater, Double Oven, Vented Exhaust Fan
FlooringCeramic Tile, Wood

Exterior

Exterior FeaturesRain Gutters, Lighting
Lot Size7,686 sqft

Building Information

Year Built1985
Stories1
Roof Type105
Garage Spaces2

Land Information

APN381208100D0090000
Lot Number9
SubdivisionMeadowview Farms
Land UseResidential
Legal DescriptionMEADOWVIEW FARMS 2 BLK D LT 9 INT202200201045 DD07202022 CO-DC 1208100D00900 1CM1208100D
Census Tract017811
Assessed Land Value$80,000
Assessed Improvement Value$266,110
Assessment Year2025

About this property

You will love everything about this beautifully maintained home. Granite counters, marble backsplash, gas cooktop and double oven will make meal preparation a joy. A spacious main bedroom and bathroom will be your private sanctuary. Beautiful backyard has plenty of room to entertain, play or just relax. This home is ready and waiting for you and your family.

Investor Tools

Property Icon
$346,110
Estimated Property Value
$305,414Estimated Mortgage Balance
$40,696Estimated Equity
11% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,077 /month
Positive
Cash Flow Estimate:
$692 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$813/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,030
$346,110
2025
$80,000
$266,110
$346,110
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,030
$346,110

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Fairway Independent Mortgage Corp
Fha
$328,932
Yes
First
Jul 20, 2022
Aug 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$305,414
$40,696
11%
88%
$1,973/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,572/mo
$1,973/mo
+$599/mo
8.9%

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.

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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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1234 Terrace Drive | Property Details | No Agent List