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$175,000

3204 Caribbean Dr, Mesquite, TX, 75150

On MarketInfo
Beds3 Beds
Baths1 Bath
Baths1,108 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$157.94 / sqft
Year BuiltBuilt in 1959

Property Lead Type:

Deal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range

Exterior

Lot Size7,207 sqft

Building Information

Year Built1959
Stories1
Roof Type105
Garage Spaces1

Land Information

APN38038500090210000
Lot Number21
SubdivisionCasa View Heights 2nd
Land UseResidential
Legal DescriptionCASA VIEW HEIGHTS 18 2ND INST BLK 9 LT 21 INT201500041713 DD02062015 CO-DC 0385000902100 1CM03850009
Census Tract018001
Assessed Land Value$55,000
Assessed Improvement Value$163,180
Assessment Year2025

About this property

INVESTOR & VALUE-ADD OPPORTUNITY! Bring your vision to 3204 Caribbean Dr. in Mesquite! This 3-bedroom, 1.5-bath, 1-car garage home offers 1,108 square feet on a .165-acre lot and plenty of potential for a buyer looking to create additional living space and add value. The existing garage presents an opportunity to explore a conversion to additional living area, such as a spacious family room, game room, home office, or additional bedroom, subject to city approval and permitting. Parking could potentially be relocated with a carport or a new garage in the rear, offering an exciting way to maximize the property's footprint and functionality. The home already has a new roof, providing an important improvement for the next owner. The property does need new flooring in kitchen and Living Room and HVAC, making this a great opportunity for someone ready to renovate and customize the home to their taste. With its manageable size, flexible layout, existing garage, and .165-acre lot, this property offers multiple possibilities for renovation, expansion and value creation. Whether you're an investor, contractor, or buyer looking for a project with upside, come see what you can create at 3204 Caribbean Dr.!

Investor Tools

$54,440Estimated Mortgage Balance
$164,291Estimated Equity
75% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,309 /month
Positive
Cash Flow Estimate:
$436 /month

Interested in this property?

Thayne Sterling

Thayne Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$513/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,062
$218,180
2025
$55,000
$163,180
$218,180
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,062
$218,180

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Affiliated Bank
Arm (Adjustable Rate Mortgage)
$68,042
No
First
Apr 29, 2015
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$54,440
$163,740
75%
25%
$387/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$387/mo
+$1,585/mo
10.8%

City: Mesquite

3204 Caribbean Dr | Property Details | No Agent List