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$332,640

NAL Estimated Property Value

2207 Borman Ave, Mesquite, TX, 75150

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,024 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1.09 / sqft
Year BuiltBuilt in 1971

Property Lead Type:

BankruptcyPre-ForeclosureAbsentee OwnerHigh 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 Oven, Gas Water Heater, Microwave, Refrigerator, Vented Exhaust Fan
FlooringCarpet, Ceramic Tile, Wood

Exterior

Exterior FeaturesRain Gutters
Lot Size9,238 sqft

Building Information

Year Built1971
Stories1
Roof Type105
Garage Spaces4

Land Information

APN38073500150140000
Lot Number14
SubdivisionEastridge Park
Land UseResidential
Legal DescriptionEASTRIDGE PARK 8 BLK 15 LOT 14 62X137.96X86.33X149.66 INT201400164853 DD06132014 CO-DC 0735001501400 1CM07350015
Census Tract017815
Assessed Land Value$70,000
Assessed Improvement Value$262,640
Assessment Year2025

About this property

Spacious 4-Bedroom Lease Home in Mesquite Packed with Features! Don't miss this incredible lease opportunity in the heart of Mesquite! This spacious and well-maintained home offers 4 bedrooms, 2bathrooms, a flexible dining room that can double as a second living area, and a bright sunroom-perfect for relaxing or entertaining. Enjoy the convenience of a 2-car garage, carport, and an extended driveway, providing ample parking. There's even a gated concrete pad for RV or boat parking. The beautifully treed backyard is a true highlight, featuring a large covered patio with ceiling fans and a picnic table-ideal for outdoor gatherings. The side yard includes a storage building, grass area, and an additional covered space for your tools or hobbies. Located just one block from Town East Park, you'll have easy access to walking trails, playground, dog park, community pool, and lush green spaces. Town East Mall, along with great dining and shopping options, is a short drive away. Plus, schools are conveniently nearby. This home truly has it all-space, function, and location. Schedule your tour today before it's gone! *Landlord will include lawn care for an extra monthly fee*

Investor Tools

Property Icon
$332,640
Estimated Property Value
$118,991Estimated Mortgage Balance
$213,649Estimated Equity
64% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,996 /month
Positive
Cash Flow Estimate:
$665 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$604/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,584
$332,640
2025
$70,000
$262,640
$332,640
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,584
$332,640

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Rocket Mortgage Llc
Fha
$130,799
Yes
First
Aug 2, 2021
Sep 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$118,991
$213,649
64%
36%
$785/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,572/mo
$785/mo
+$1,787/mo
9.3%

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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2207 Borman Ave | Property Details | No Agent List