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$197,000

NAL Estimated Property Value

332 Norwich Ln, Mesquite, TX, 75149

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths825 Sq Ft
price_per_sqft$115.15 / sqft
Year BuiltBuilt in 1963

Property Lead Type:

Off-Market ListDeal ListAbsentee Owner

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesNone
FlooringConcrete, Laminate, Vinyl

Exterior

Lot Size8,400 sqft

Building Information

Year Built1963
Stories1
Roof Type105
Garage Spaces4

Land Information

APN38162500150130000
Lot Number13
SubdivisionRollingwood Hills
Land UseResidential
Legal DescriptionROLLINGWOOD HILLS BLK O LT 13 INT202300141426 DD07142023 CO-DC 1625001501300 1CM16250015
Census Tract017602
Assessed Land Value$55,000
Assessed Improvement Value$103,390
Assessment Year2025

About this property

Great investment property in fantastic location. This 2 bedroom, 1 bath with 2 car carport and a separate oversized garage and workshop! Workshop has electrical, sink and commode. The home needs updating and cleaning but with a little love could be your diamond in the rough. Home is being sold as-is.

Investor Tools

Property Icon
$197,000
Estimated Property Value
$146,975Estimated Mortgage Balance
$50,025Estimated Equity
25% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,182 /month
Positive
Cash Flow Estimate:
$394 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$388/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,675
$158,390
2025
$55,000
$103,390
$158,390
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,675
$158,390

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Phillip Luong
Seller Carryback / Seller Financing / Seller Take-Back
$155,000
No
First
Jul 14, 2023
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$146,975
$50,025
25%
75%
$930/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,565/mo
$930/mo
+$635/mo
9.5%

City: Mesquite

332 Norwich Ln | Property Details | No Agent List