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$315,000

6420 Lumley Rd, Mesquite, TX, 75181

$409,500 ARVInfo
On MarketInfo
Just AddedInfo
Beds4 Beds
Baths2 Bath
Baths2,720 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$115.81 / sqft
Year BuiltBuilt in 1971

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDouble Oven, Dishwasher, Electric Cooktop, Electric Oven, Electric Water Heater, Disposal, Microwave
FlooringCarpet, Ceramic Tile, Tile, Wood

Exterior

Exterior FeaturesGarden, Lighting, Private Yard, Rain Gutters
Lot Size1.03 acres

Building Information

Year Built1971
Roof Type105
Garage Spaces2

Land Information

APN38091500010040000
Lot Number4
SubdivisionC C Freeman
Land UseResidential
Legal DescriptionC C FREEMAN 2 BLK A LOT 4 INT201800073568 DD03192018 CO-DC 0915000100400 1CM09150001
Census Tract017008
Assessed Land Value$103,200
Assessed Improvement Value$310,290
Assessment Year2026

About this property

Great opportunity for investors or buyers looking to update a home and make it their own! This property is ready for your vision and personal touches, offering the potential to add value through thoughtful improvements. Bring your ideas and explore the possibilities! Charming, spacious, and surrounded by the beauty of mature trees, this inviting single-story home sits on a lush 1.032-acre lot, offering the space, privacy, and freedom to enjoy the best of country-style living with convenient access to city amenities. Inside, an expansive living room featuring a brick fireplace creates a warm and welcoming setting for gathering with family and friends. The generously sized kitchen offers granite countertops, abundant cabinetry, and a gas cooktop, providing plenty of room for meal preparation and everyday convenience. A large formal dining room is ideal for holiday celebrations and memorable family gatherings. The private primary suite serves as a relaxing retreat, complete with an ensuite bathroom, while three additional generously sized bedrooms and a full bathroom provide comfortable accommodations for family and guests. A spacious utility room with extra room for a freezer adds another layer of everyday practicality. Step outside to discover an expansive, private backyard shaded by mature trees, along with a large covered patio perfect for relaxing, entertaining, and enjoying beautiful Texas evenings. A sizable storage shed and abundant open space offer endless possibilities for outdoor activities, hobbies, gardening, or simply enjoying the peaceful surroundings. Located within Mesquite ISD and conveniently situated near I-635 and I-20, this property offers easy access to shopping, dining, retail, schools, and major commuter routes. If you have been searching for a home with room to spread out, enjoy the outdoors, and make the most of over an acre of land, this property is ready to welcome you home!

Investor Tools

$175,998Estimated Mortgage Balance
$237,492Estimated Equity
57% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$409,500
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,481 /month
Positive
Cash Flow Estimate:
$827 /month

Interested in this property?

Michael Hershenberg

Real Broker, LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$817/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,741
$413,490
2026
$103,200
$310,290
$413,490
No

Tax History

Year
Tax Paid
Assessed Value
2026
$7,741
$413,490

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Fairway Independent Mortgage Corp
Conventional
$213,775
No
First
Mar 19, 2018
Apr 2048

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$175,998
$237,492
57%
43%
$1,282/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,940/mo
$1,282/mo
+$2,658/mo
11.4%

City: Mesquite

6420 Lumley Rd | Property Details | No Agent List