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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Mesquite at 2016 Norcross Dr, Mesquite, TX, 75149 generates $2,366/mo in rent and, after a $1,317/mo payment, leaves $408/mo in cash flow. Total monthly income is $2,366/mo, and annual cash flow is $4,897/yr on $89,174 invested. Return on cash invested sits at 25.4% in year one, and rental yield is 10.55% on a $269,000 entry. Equity gained on principal adds $1,736/yr, while 5% annual appreciation builds toward $74,320 over five years. Five-year ROI reaches 133.77% and total cumulative return in cash sums $119,291. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,366/mo property income rather than buyer’s personal income.
Single Family
Built in 1986
4,608 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 75149, Mesquite, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,884 (100%) |
| Owner Occupied HU | 12,401 (59.4%) |
| Renter Occupied HU | 7,575 (36.3%) |
| Vacant Housing Units | 908 ( 4.3%) |
| Median Home Value | $264,734 |
| Average Home Value | $329,289 |
Residential
20,244
Single Family
17,707
Multi-Family
2,537
Businesses
1,156
Date | Event | Price |
|---|---|---|
| 2025-01-11 | Listing removed | $275,000 |
| 2024-12-20 | Listed for sale | $275,000 |
| 2024-12-16 | Contingent | $275,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-02-13 | $5002.01 | 410.59% | $244,050 | 35.83% |
| 2023-02-13 | $979.65 | -5.93% | $179,670 | N/A |
| 2022-02-13 | $1041.45 | 9.35% | $179,670 | 16.29% |
Listed by: Mordecai Bediako • MARK SPAIN REAL ESTATE
Mls Name: NTREIS
Mls ID: #20661267
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
