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$320,000

NAL Estimated Property Value

1609 Wesley Dr, Mesquite, TX, 75149

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,198 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$148.27 / sqft
Year BuiltBuilt in 1990

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Range, Electric Water Heater, Microwave, Water Softener

Exterior

Lot Size6,796 sqft

Building Information

Year Built1990
Stories2
Roof Type105
Garage Spaces2

Land Information

APN38198280050180000
Lot Number18
SubdivisionSpring Ridge
Land UseResidential
Legal DescriptionSPRING RIDGE 1 BLK 5 LOT 18 INT202100077319 DD03162021 CO-DC 1982800501800 1CM19828005
Census Tract017606
Assessed Land Value$45,000
Assessed Improvement Value$240,730
Assessment Year2025

About this property

Sunshine, Fresh air, and a Place to Call Home!! Don't Let This One Bloom Away!! Great opportunity to move into this spacious two-story home in the great City of Mesquite. This home offers four bedrooms all conveniently located on the second floor and three full bathrooms, providing plenty of room for comfortable living and entertaining. The open-concept layout features a welcoming living area, a well-appointed kitchen, and generous natural light throughout. The primary suite includes a private bath and ample closet space, while additional bedrooms are versatile for guests, a home office, or a growing family. A full bathroom is conveniently located on the main floor, ideal for visitors. The backyard provides space for outdoor enjoyment, and the home's location offers easy access to local schools, shopping, and major highways. This home combines space, function, and value in a desirable neighborhood—ready for its next owner to make it their own. Best of all owners are offering up to $10,000 in concessions!!

Investor Tools

Property Icon
$320,000
Estimated Property Value
$191,768Estimated Mortgage Balance
$128,232Estimated Equity
40% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,955 /month
Positive
Cash Flow Estimate:
$652 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$686/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,629
$285,730
2025
$45,000
$240,730
$285,730
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,629
$285,730

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Prosperity Bank
Conventional
$212,850
No
First
Mar 16, 2021
Apr 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$191,768
$131,232
40%
60%
$1,277/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$1,277/mo
+$695/mo
7.4%

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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1609 Wesley Dr | Property Details | No Agent List