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$237,000

NAL Estimated Property Value

624 Rancho Drive, Mesquite, TX, 75149

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,196 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$166.39 / sqft
Year BuiltBuilt in 1984

Property Lead Type:

Off-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Oven, Gas Cooktop, Microwave, Plumbed For Ice Maker, Gas Water Heater
FlooringCeramic Tile, Wood

Exterior

Lot Size4,410 sqft

Building Information

Year Built1984
Stories1
Roof Type105
Garage Spaces2

Land Information

APN38158790020090000
Lot Number9
SubdivisionPioneer
Land UseResidential
Legal DescriptionPIONEER BLK 2 LT 9 INT202100122064 DD04232021 CO-DC 1587900200900 1CM15879002
Census Tract017400
Assessed Land Value$50,000
Assessed Improvement Value$172,910
Assessment Year2025

About this property

MULTIPLE OFFERS RECEIVED. Final and best by 7pm Friday March 26. COMPLETELY UPDATED 3 bedroom 2 full bath brick home! Updated kitchen has rich granite counters, custom cabinets, stainless steel appliances & gas cook top. Spacious family room has hardwood floors and cozy fireplace. This light and bright open floor plan features a huge master suite with multiple closets. Both full baths are beautifully updated. 2 additional secondary bedrooms. Private backyard has extended covered patio and bonus grassy area. Attached rear entry 2 car garage. Move in ready! Close to downtown! Amazing value!

Investor Tools

Property Icon
$237,000
Estimated Property Value
$186,137Estimated Mortgage Balance
$50,863Estimated Equity
21% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,422 /month
Positive
Cash Flow Estimate:
$474 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$530/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,172
$222,910
2025
$50,000
$172,910
$222,910
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,172
$222,910

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Security National Mortgage Co
Fha
$206,196
Yes
First
Apr 23, 2021
May 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$186,137
$50,863
21%
79%
$1,237/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$1,237/mo
+$735/mo
10.0%

City: Mesquite

624 Rancho Drive | Property Details | No Agent List