$229,000
1604 Summit St, Mesquite, TX, 75149
On Market
Property Lead Type:
Absentee OwnerHigh Equity
Highlights
Interior
AppliancesBuilt-In Gas Range, Dishwasher, Disposal, Gas Oven, Refrigerator
FlooringWood
Exterior
Exterior FeaturesDeck
Lot Size7,500 sqft
Building Information
Year Built1960
Stories1
Roof Type105
Garage Spaces1
Land Information
APN38136500080100000
Lot Number10
SubdivisionNorthridge
Land UseResidential
Legal DescriptionNORTHRIDGE ESTATES 1 BLK 8 LT 10 VOL97228/2471 DD111997 CO-DALLAS 1365000801000 33813650008
Census Tract017704
Assessed Land Value$45,000
Assessed Improvement Value$143,550
Assessment Year2025
About this property
Well maintained home with classic charm and everyday convenience. Inside, enjoy original hardwoods that add warmth and character. Outside, enjoy a large covered deck perfect for relaxing or entertaining. A storage shed provides extra space for tools, lawn equipment, or seasonal items. The home features gas appliances for efficient cooking and heating. Conveniently located near shopping, dining, and hospitals. This home offers comfort, character, and an excellent location.
Investor Tools
$9,325Estimated Mortgage Balance
$179,225Estimated Equity
95% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,374 /month
Positive
Cash Flow Estimate:
$458 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$81/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$31
$188,550
2025
$45,000
$143,550
$188,550
No
Tax History
Year
Tax Paid
Assessed Value
2025
$31
$188,550
Mortgage Details
Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Apex Mtg
Fha
$57,508
Yes
First
Nov 19, 1997
Dec 2027
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$9,325
$179,225
95%
5%
$401/mo
Rental Potential
Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$401/mo
+$1,571/mo
12.6%
