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$288,000

NAL Estimated Property Value

420 Covey Lane, Mesquite, TX, 75150

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,679 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$101.19 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

Off-Market ListAbsentee 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, Plumbed For Ice Maker
FlooringCarpet, Ceramic Tile

Building Information

Year Built1983
Stories1
Roof Type105
Garage Spaces2

Land Information

APN38159550030150000
SubdivisionQuail Hollow
Land UseResidential
Legal DescriptionQUAIL HOLLOW BLK 3 LOT 15 INT201800267538 DD10042018 CO-DC 1595500301500 1CM15955003
Census Tract017814
Assessment Year2025

About this property

This charming 4 bedroom house is priced to sell! The flowing and open floor plan is wonderful for entertaining and every day life. Located within walking distance of Poteet High School, JC Austin Elementary and Austin School Park. Just minutes from I-30, I-635 and SH 80 gives easy access to all of North Texas. With a little bit of TLC, this house will make the perfect home. Recent water heater, new toilets and recent roof. SOLD AS IS. Don't miss your chance at this fantastic investment opportunity.

Investor Tools

Property Icon
$288,000
Estimated Property Value
$207,394Estimated Mortgage Balance
$80,606Estimated Equity
27% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,728 /month
Positive
Cash Flow Estimate:
$576 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$498/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,532
$260,000
2025
N/A
N/A
$260,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,532
$260,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Town Square Mortgage & Investments Inc
Conventional
$225,000
No
First
Mar 16, 2022
Apr 2037

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$207,394
$80,606
27%
72%
$1,349/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,572/mo
$1,349/mo
+$1,223/mo
10.7%

City: Mesquite

420 Covey Lane | Property Details | No Agent List