B+

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1view

$268,350

1503 Creekwood Ln, Mesquite, TX, 75149

Off Market

3 Beds

2 Bath

1,411 Sq Ft

Single Family Residence

$179.94 / sqft

Built in 1979

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3

Bathrooms Full 2

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesDishwasher, Disposal

FlooringCarpet, Tile, Wood

Exterior

Lot Size7,475 sqft

Building Information

Year Built1979

Stories1

Roof Type105

Garage Spaces2

Land Information

APN38087300020080000

Lot Number8

SubdivisionExecutive Heights Rev

Land UseResidential

Legal DescriptionEXECUTIVE HEIGHTS REV BLK 2 LT 8 INT202400095403 DD05102024 CO-DC 0873000200800 1CM08730002

Census Tract017400

Assessed Land Value$55,000

Assessed Improvement Value$213,350

Assessment Year2025

About this property

This home has been well maintained and kept very clean over the last many years. Spacious back yard with a covered patio, fence re stained, perfect for entertaining. The home was remodeled a few years back. New hot water heater installed last June. Big front yard with great curb appeal. Lots of storage space with walk in closets in every bedroom. Just five minutes from I635, ten minutes from Town East Mall, five minutes from Downtown Mesquite and five minutes to all nearby schools. BACK ON THE MARKET, no fault of the seller. Buyer financing fell apart. Seller prefers any financed offer that is already unwritten if possible and will provide a discount for a cash offer. From previous transaction, seller repaired foundation and had plumbing and HVAC checked and serviced, thus sellers prefer to do no repairs. Attached in notes, are all invoices and recent home inspection. Property was appraised at $260K. Highest and best offers due by noon April 17.

Investor Tools

$268,350

Estimated Property Value

$213,900Estimated Mortgage Balance

$62,137Estimated Equity

20% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,610 /month

Positive

Cash Flow Estimate:

$537 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$405/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$3,512

$268,350

2025

$55,000

$213,350

$268,350

Tax History

Year

Tax Paid

Assessed Value

2024

$3,512

$268,350

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Cadence Bank Na

Conventional

$213,900

First

May 10, 2024

Jun 2054

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$206,213

$62,137

23%

77%

$1,283/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,972/mo

$1,283/mo

+$689/mo

8.8%

Learn About the Market: Opportunity in Texas

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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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