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$431,000

NAL Estimated Property Value

506 Sumner Drive, Mesquite, TX, 75149

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths3,405 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$79 / sqft
Year BuiltBuilt in 1989

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Plumbed For Ice Maker, Refrigerator, Tankless Water Heater
FlooringCarpet, Ceramic Tile, Laminate

Exterior

Lot Size8,640 sqft

Building Information

Year Built1989
Stories2
Roof Type105
Garage Spaces1

Land Information

APN381574000E0050000
Lot Number5
SubdivisionParkview
Land UseResidential
Legal DescriptionPARKVIEW BLK E LOT 5 INT201900243040 DD09102019 CO-DC 1574000E00500 1CM1574000E
Census Tract017706
Assessed Land Value$85,000
Assessed Improvement Value$303,530
Assessment Year2025

About this property

THE PRICE WILL MOVE YOU! Are you outgrowing your current home? This is a golden opportunity to own a spacious home with four bedrooms and three living areas in an established neighborhood. Invite a crowd without cramping your style because this home has all the room you've ever wanted. Features include a large kitchen with a gas range, huge master with 2 closets, family sized game room with built-ins, tankless water heater and a fenced yard for privacy and enjoyment. Seller recently replaced most of the windows. Home is conveniently located near schools, shopping and easy access to major highways. Want to move before school begins? You owe it to yourself to see this one. Your money couldn't buy more.

Investor Tools

Property Icon
$431,000
Estimated Property Value
$277,410Estimated Mortgage Balance
$153,590Estimated Equity
35% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,586 /month
Positive
Cash Flow Estimate:
$862 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$915/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,827
$388,530
2025
$85,000
$303,530
$388,530
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,827
$388,530

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Town Square Mortgage & Investments Inc
Fha
$260,200
Yes
First
Sep 10, 2019
Oct 2049

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$277,410
$153,590
35%
64%
$1,895/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,572/mo
$1,895/mo
+$677/mo
7.2%

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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506 Sumner Drive | Property Details | No Agent List