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$244,820

NAL Estimated Property Value

425 S Locust Street, Mesquite, TX, 75149

Off MarketInfo
Beds3 Beds
Baths1 Bath
Baths1,210 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$177.69 / sqft
Year BuiltBuilt in 1948

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Gas Range, Refrigerator
FlooringCarpet, Laminate, Wood

Exterior

Exterior FeaturesDog Run, Rain Gutters, Storage
Lot Size14,604 sqft

Building Information

Year Built1948
Stories1
Roof Type105

Land Information

APN38222505320030000
Lot Number3
SubdivisionA L Turner Unrec
Land UseResidential
Legal DescriptionA L TURNER 3 UNREC BLK 2/53 LOT 3 100X146 INT201700251963 DD08302017 CO-DC 2225053200300 1CM22250532
Census Tract017500
Assessed Land Value$105,000
Assessed Improvement Value$139,820
Assessment Year2025

About this property

Come see this charming 3BR 1Bath home with hardwoods, central heat and air, nice paint, all kitchen appliances and move in ready condition. This home features 2 nice sized bedrooms in main part and a large mother in law suite in converted garage bedroom on other side of home. Outdoor features include HUGE fenced in backyard, on a third of an acre, open and covered patio, storage shed and doggie run. Close to 635, shopping, schools and City Lake Park!

Investor Tools

Property Icon
$244,820
Estimated Property Value
$73,730Estimated Mortgage Balance
$171,090Estimated Equity
69% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,469 /month
Positive
Cash Flow Estimate:
$490 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$581/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,743
$244,820
2025
$105,000
$139,820
$244,820
No

Tax History

Year
Tax Paid
Assessed Value
2025
$5,743
$244,820

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Everett Financial Inc
Conventional
$90,000
No
First
Aug 30, 2017
Sep 2047

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$73,730
$171,090
69%
30%
$540/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$540/mo
+$1,432/mo
9.7%

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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425 S Locust Street | Property Details | No Agent List