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$295,200

NAL Estimated Property Value

2313 Borman Ave, Mesquite, TX, 75150

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,705 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$172.96 / sqft
Year BuiltBuilt in 1972

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Vented Exhaust Fan
FlooringCarpet, Ceramic Tile

Exterior

Exterior FeaturesRain Gutters
Lot Size7,735 sqft

Building Information

Year Built1972
Stories1
Roof Type105
Garage Spaces4

Land Information

APN38073500150210000
Lot Number21
SubdivisionEastridge Park
Land UseResidential
Legal DescriptionEASTRIDGE PARK 8 BLK 15 LT 21 65X119 INT202400016424 DD01242024 CO-DC 0735001502100 1CM07350015
Census Tract017815
Assessed Land Value$70,000
Assessed Improvement Value$225,200
Assessment Year2025

About this property

Looking for a home before the end of the year? Situated just a few steps from Town East Park, playground, pool, and a Dog Park, this established neighborhood will not disappoint. Spacious bedrooms, living area, and dining areas provide plenty of room to entertain family and friends all year long. Great floor plan with an abundance of natural light and plenty of storage. An oversized pantry, with built-ins and drawers, is located next to the kitchen. Step outside to a covered patio, two car garage plus a carport. No HOA. There is a transferrable warranty for the foundation work. The roof was replaced in 2017 and the water heater was replaced in 2022. Great starter home priced below market to allow for your personal updates. Perfect opportunity to own a home at a reasonable price!

Investor Tools

Property Icon
$295,200
Estimated Property Value
$264,781Estimated Mortgage Balance
$30,419Estimated Equity
10% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,771 /month
Positive
Cash Flow Estimate:
$590 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$637/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,174
$295,200
2025
$70,000
$225,200
$295,200
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,174
$295,200

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United Wholesale Mortgage
Conventional
$276,450
No
First
Jan 24, 2024
Feb 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$264,781
$30,419
10%
90%
$1,658/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$1,658/mo
+$314/mo
8.0%

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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2313 Borman Ave | Property Details | No Agent List