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$230,000

NAL Estimated Property Value

3500 Flamingo Way Fl Amingo, Mesquite, TX, 75150

Off MarketInfo
Beds3 Beds
Baths1 Bath
Baths1,172 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$169.8 / sqft
Year BuiltBuilt in 1961

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Microwave, Plumbed For Ice Maker
FlooringCeramic Tile

Exterior

Exterior FeaturesStorage
Lot Size7,560 sqft

Building Information

Year Built1961
Stories1
Roof Type105

Land Information

APN38202500140140000
Lot Number14
SubdivisionTown East
Land UseResidential
Legal DescriptionTOWN EAST ESTATES BLK N LOT 14 INT202100106108 DD04082021 CO-DC 2025001401400 1CM20250014
Census Tract017806
Assessed Land Value$65,000
Assessed Improvement Value$164,180
Assessment Year2025

About this property

MULTIPLE OFFERS - Please submit highest and best by March 8 at 6pm. Beautifully remodeled Open and Bright home on a HUGE CORNER LOT. New white cabinets and granite counter tops with new stove, built in microwave and smooth top electric range. New framing-drywall, electrical box, doors, trim, kitchen and bathroom. Newly laid floors and no carpet. Converted garage turned into an extra large living area while still leaving space to park in the driveway. Recent foundation work completed with transferrable warranty. All this under 200K!!! This home is ready for new owners. Come, see, fall in love!

Investor Tools

Property Icon
$230,000
Estimated Property Value
$188,052Estimated Mortgage Balance
$41,948Estimated Equity
18% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,380 /month
Positive
Cash Flow Estimate:
$460 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$568/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,669
$229,180
2025
$65,000
$164,180
$229,180
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,669
$229,180

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Town Square Mortgage & Investments Inc
Fha
$200,305
Yes
First
Apr 8, 2021
May 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$188,052
$41,948
18%
82%
$1,250/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$1,250/mo
+$722/mo
10.3%

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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3500 Flamingo Way Fl Amingo | Property Details | No Agent List