3707 Casa Ridge Dr · Mesquite, TX 75150

$145,000

3 bd · 1.0 ba · 1,276 sqft · SingleFamily public records · 2 Days on market

Built 1960 8,189 sqft lot Est $194k · 25% under

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Why this score? — see what drove the B- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +24.8/30.0
• ARV discount +15.0/15.0
• 1% rule +8.2/10.0
• DSCR +8.0/10.0
• Livability +3.5/5.0
• Schools +2.9/10.0
• Rent growth +2.6/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

EXCELLENT OPPORTUNITY FOR A HOMEOWNER WHO IS HANDY. THIS PROPERTY IS A 4 BEDROOM, 2 BATH WITH A CONVERTED GARAGE. THIS PROPERTY IS BEING SOLD AS IS! FORMAL RENTAL PROPERTY THAT NEEDS SOME TLC. LARGE BACKYARD WITH STORAGE AND DECK. ALL SHOWINGS WILL BE BY APPOINTMENT ONLY WITH A 24 HOUR SHOWING NOTICE. PLEASE CALL OR TEXT LISTING AGENT FOR SHOWING. AGENT AND BUYER TO VERIFY SQUARE FOOTAGE, SCHOOLS, STATE, CITY AND COUNTY RESTRICTIONS. ALL INFORMATION IS TO THE BEST OF THE SELLER'S KNOWLEDGE.

Key facts

• Storage
• Large backyard
• Converted garage

Tags

• CONVERTED GARAGE
• LARGE BACKYARD
• STORAGE
• DECK

Property features AI

Finance

• Financial info: Listing accepted for cash or special funding
• HOA & community: No association

Exterior

• Parking: Driveway access; Alley access; Concrete surface; No garage or covered/carport spaces
• Security: Burglar alarm; Smoke detectors
• Utilities: City water; City sewer; Natural gas available with individual gas meter; Electricity available; Cable available; Phone available; Sidewalks and curbs present; Alley access; Individual water meter
• Home design: Single family residence; One story; Residential property; Not attached (detached)
• Construction: Built in 1960; Composition roof; Slab foundation
• Exterior features: Storage; Deck; Chain link fencing; Few trees; Interior lot; Large backyard with grass

Interior

• Kitchen: Dishwasher; Disposal; Gas oven; Gas range; Plumbed for gas in kitchen; Gas water heater
• Bedrooms: 4 bedrooms (primary bedroom on level 1)
• Flooring: Carpet; Vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (natural gas); Central electric air conditioning
• Interior features: Cable TV available; Decorative lighting; High-speed internet available; One living area; One dining area; 2 full bathrooms
• Laundry & utility: Full-size washer/dryer area; Washer hookup; Electric dryer hookup; Utility room

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $145k.

Deal economics

• At list price, monthly cash flow is $306 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $145k).
• Cap rate 8.8% vs local median 4.4% in Mesquite — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 70/100 on livability (#358 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A-; Watch: crime F, commute F.
• Mesquite ISD (suburban): math 35% / reading 32% proficiency, ranked #536 of 826 in TX (top 65%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 63% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Mckenzie El (math 37% / reading 41%, grade F, #1,651 of 4,322 statewide, top 39%, 396 students, 89% FRL) — zoned schools average 89% FRL vs 63% district-wide (26 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents flat; 186 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 16d on market — plan ~3-4 weeks tenant-placement turnaround); 12,577 units permitted in Dallas County in 2024 (6,829 in 5+ unit buildings).
• This rent runs 35% of the median local income ($65k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Dallas County population projected at +35% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• Only 2 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Watch-outs: property tax is 3.2% of price.
• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $145,000

Questions for the listing agent

1. Built in 1960 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
5. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
6. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
7. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.32% ✓
• Cap rate: 8.83%
• Cash-on-cash: 9.05%
• DSCR: 1.40
• GRM: 6.3

CMA / ARV

• ARV (on-the-fly): $193,952
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3707 Casa Ridge Dr	0.00mi	4/2.0 (+1)	1,276 (0%)	0mo	$145,000	$114	91
3605 Heath Ln	0.11mi	3/2.0	1,266 (-1%)	5mo	$130,000	$103	86
2708 Driftwood Dr	0.17mi	3/2.0	1,263 (-1%)	4mo	$279,999	$222	83
4125 Oleander Trl	0.51mi	3/1.0	1,260 (-1%)	1mo	$190,000	$151	73
4332 Oleander Trl	0.68mi	3/2.0	1,260 (-1%)	6mo	$279,888	$222	57
3236 Rockne Ln	0.50mi	3/2.0	1,392 (+9%)	7mo	$289,900	$208	51
3231 Rockne Ln	0.52mi	3/2.0	1,392 (+9%)	10mo	$200,000	$144	48
2850 Linhaven Dr	0.58mi	3/2.0	1,423 (+12%)	7mo	$295,000	$207	44
4212 Ashwood Dr	0.72mi	3/2.0	1,378 (+8%)	8mo	$209,900	$152	42
4020 Oleander Trl	0.63mi	3/2.0	1,450 (+14%)	6mo	$207,500	$143	39
3401 Ruby Dr	0.72mi	3/2.0	1,123 (-12%)	6mo	$199,900	$178	38
2607 Eastridge Dr	0.75mi	3/2.0	1,458 (+14%)	5mo	$174,900	$120	33

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 0.4% rent growth · sell at horizon

5-year hold

• IRR: -6.0%
• Equity multiple: 0.79×
• Total profit: $-8,721
• Equity at exit: $21,620

10-year hold

• IRR: -0.4%
• Equity multiple: 0.98×
• Total profit: $-855
• Equity at exit: $12,537

Cash invested: $40,600 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Texas: 87 Strongly Landlord-Friendly · R+5
• County: — inherits STATE
• City: — inherits STATE

3-day notice; statewide preemption; one of the fastest eviction climates; Travis County (Austin) slightly slower.

Methodology + full state rankings →

ZIP-level market 75150

• Home prices YoY: -33.8%
• Rents YoY: 0.4%
• Active inventory: 186
• Price-to-rent: 6.3×

Monthly cashflow live

• Estimated rent: $1,912 high
• Mortgage (P&I): −$760
• Tax from tax record: −$383 /mo · $4,599/yr
• Insurance: −$60
• HOA: −$0
• Vacancy / Maint / Mgmt: −$401
• Net cashflow: $306

Break-even live

Break-even rent $1,524

Max offer price $145,000

Occupancy floor 79%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $36,250
• Closing costs: $4,350
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3511 Casa Ridge Dr Mesquite, TX	4.0	1.5	1276	$1,759	$1.38	8d	1	0.18mi
3718 Gus Thomasson Rd Mesquite, TX	1.0–2.0	1.0–2.0	752	$1,515	$2.01	2d	44	0.19mi
2305 Driftwood Dr Mesquite, TX	1.0–2.0	1.0–2.0	842	$1,765	$2.10	2d	30	0.40mi
4035 Towne Crossing Blvd Mesquite, TX	1.0–2.0	1.0–2.0	747	$1,480	$1.98	2d	30	0.47mi
3110 Berkshire Dr Mesquite, TX	3.0	2.0	1755	$2,183	$1.24	8d	1	0.55mi
3036 Shire Dr Mesquite, TX	3.0	2.5	1691	$2,350	$1.39	13d	1	0.55mi
3021 Percheron Dr Mesquite, TX	3.0	3.0	1754	$2,299	$1.31	17d	1	0.56mi
3021 Percheron Dr Unit NA Mesquite, TX	3.0	3.0	1754	$2,299	$1.31	8d	1	0.56mi
2969 Baneberry Ln Mesquite, TX	3.0	2.5	1716	$2,400	$1.40	8d	1	0.56mi
3017 Percheron Dr Mesquite, TX	3.0	3.0	1473	$1,995	$1.35	22d	1	0.57mi
3004 Baneberry Ln Mesquite, TX	3.0	3.0	1786	$2,445	$1.37	44d	1	0.58mi
2941 Baneberry Ln Mesquite, TX	3.0	2.5	1810	$2,500	$1.38	44d	1	0.60mi
2948 Percheron Dr Unit NA Mesquite, TX	3.0	2.5	1691	$1,995	$1.18	24d	1	0.60mi
2944 Baneberry Ln Mesquite, TX	3.0	2.5	1772	$2,400	$1.35	44d	1	0.61mi
2820 Percheron Dr Mesquite, TX	3.0	2.5	1769	$2,400	$1.36	24d	1	0.68mi
2908 Mare Dr Mesquite, TX	3.0	2.5	1722	$2,100	$1.22	44d	1	0.70mi
3315 Kensington Dr Mesquite, TX	3.0	2.0	1641	$1,900	$1.16	44d	1	0.71mi
2909 Bluets Dr Mesquite, TX	3.0	2.5	1728	$2,000	$1.16	15d	1	0.71mi
3404 Gray Dr Mesquite, TX	4.0	2.0	1516	$2,150	$1.42	13d	1	0.72mi
2920 Bluets Dr Mesquite, TX	3.0	3.0	1477	$2,250	$1.52	22d	1	0.74mi
4047 Childress Ave Mesquite, TX	1.0–2.0	1.0–2.0	999	$1,655	$1.66	44d	24	0.78mi
4047 Childress Ave Mesquite, TX	1.0–2.0	1.0–2.0	864	$1,334	$1.54	3d	5	0.78mi
3206 Heather Glen Dr Mesquite, TX	4.0	2.0	1708	$4,800	$2.81	1d	1	0.80mi
2837 Appaloosa Ln Mesquite, TX	3.0	2.5	1837	$2,500	$1.36	44d	1	0.81mi
4345 Chestnut Dr Mesquite, TX	3.0	2.0	1100	$1,525	$1.39	2d	1	0.83mi
3500 Statler Dr Mesquite, TX	3.0	2.0	1557	$1,895	$1.22	24d	1	0.83mi
2502 Rosewood Dr Mesquite, TX	4.0	2.0	1665	$2,150	$1.29	44d	1	0.85mi
3412 Beth Dr Mesquite, TX	3.0	1.0	1148	$1,795	$1.56	44d	1	0.86mi
3532 Hilton Dr Mesquite, TX	3.0	1.5	1216	$1,690	$1.39	3d	1	0.89mi
3531 Bonita Vista Cir Mesquite, TX	4.0	2.0	1358	$1,950	$1.44	13d	1	0.96mi
3531 Bonita Vista Cir Mesquite, TX	4.0	2.0	1358	$1,950	$1.44	24d	1	0.96mi
2808 Belhaven Dr Mesquite, TX	3.0	1.5	1199	$1,695	$1.41	2d	1	0.97mi
3520 Sidney Dr Mesquite, TX	4.0	3.0	1400	$2,150	$1.54	44d	1	0.98mi
3622 Gray Dr Mesquite, TX	3.0	2.0	1786	$2,200	$1.23	8d	1	0.99mi
2310 La Costa Mesquite, TX	3.0	2.0	1479	$2,000	$1.35	8d	1	1.03mi
3512 Bahamas Dr Mesquite, TX	3.0	2.0	1455	$1,795	$1.23	24d	1	1.11mi
3512 Bahamas Dr Mesquite, TX	3.0	2.0	1455	$1,795	$1.23	12d	1	1.11mi
3512 Bahamas Dr Mesquite, TX	3.0	2.0	1455	$1,795	$1.23	21d	1	1.11mi
3703 Byrd Dr Mesquite, TX	3.0	1.5	1702	$2,150	$1.26	3d	1	1.17mi
3057 Dogwood Dr Mesquite, TX	3.0	1.0	1348	$1,575	$1.17	8d	1	1.19mi

Listing history 7 events

1. 2026-05-25
   listed $145,000 Active
2. 2009-12-11
   soldstatus
3. 2008-04-01
   soldstatus
4. 2007-07-03
   soldstatus
5. 2007-05-07
   soldstatus
6. 2003-06-24
   soldstatus
7. 1996-04-11
   soldstatus

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast TX · Resets to sale price

• Current annual tax: $4,599 · $383/mo
• Projected year-2 tax: $4,599 · $383/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 7/10 Severe 7 d/yr ≥110°F today · 24 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,940
• − Mortgage interest: −$8,122
• − Property taxes: −$4,599
• − Insurance: −$725
• − Repairs & maintenance: −$1,835
• − Management: −$1,835
• − Depreciation: −$4,218
• Taxable income: $1,605
• Est. tax owed @ 24.0%: −$385
• After-tax cash flow: $3,288/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Mesquite ISD
• NCES district ID: 4830390
• Math proficiency: 35% ▼ -11.00%
• Reading proficiency: 32% ▼ -7.00%
• Median HH income: $49,372
• Composite: 29.06/100
• National rank: #6606
• State rank: #536 of 826 in TX

Livability — Mesquite

• Score: 70/100
• State rank: #358
• US rank: #7743

Category grades

Amenities B- Commute F Cost of living A+ Crime F Employment C+ Housing A+ Health & safety A- User ratings F

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Mesquite, TX
• County: Dallas County · 2,612,404 people
• City population: 150,788
• Metro: Dallas-Fort Worth-Arlington, TX
• Population (ZIP): 62,738
• Household income: $65,440
• Rent vs Own: 48.6% rent · 51.4% own
• Severe rent burden: 3609.0

Population outlook (Dallas County) Hauer SSP2

• Today (2025): 2,979,839 people
• By 2030: 3,191,823 · +7.1%
• By 2040: 3,619,611 · +21.5%
• By 2050: 4,026,915 · +35.1%
• By 2075: 4,957,073 · +66.4%
• By 2100: 5,508,725 · +84.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.66)
• Race & ethnicity: Hispanic / Latino 47% White 27% Two or more races 21% Black 21% Asian 3%
• Hispanic origin (detail): Mexican 42%
• Common ancestry: Slovak 1% Lithuanian 1% Serbian 1%
• Foreign-born: 20% · Canada, Vietnam, China
• Languages at home: 56% English-only · Spanish 40% Other Asian/Pacific 1% Arabic 1%

Political lean MEDSL · Dallas

• 2024 margin: Strong D (+22.2) · D 60.2% · R 38.0% · Other 1.8%
• 2008→2024 swing: +6.9pp toward D · 2008: 15.3pp · 2024: 22.2pp
• All cycles: 2024: D+22.2 2020: D+31.6 2016: D+26.2 2012: D+15.4 2008: D+15.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -172.95%
• Current HPI: 338.3934
• Rent YoY: ▲ 0.40%
• Metro: Dallas-Fort Worth-Arlington, TX
• State GDP YoY: ▲ 3.95%
• F500 in state: 110

Industry mix (Fortune 500 HQ in TX)

Industry	F500 HQs	Revenue
▸Energy	16	$1,198B
▸Technology	5	$198B
▸Engineering / Construction	4	$72B
▸Energy Services	3	$60B
▸Utilities	3	$41B
▸Healthcare	2	$330B

Price history

7 events — show timeline

• 2026-05-25 Listed $145,000 NTREIS
• 2009-12-11 Sold (Public Records) — Public Records
• 2008-04-01 Sold (Public Records) — Public Records
• 2007-07-03 Sold (Public Records) — Public Records
• 2007-05-07 Sold (Public Records) — Public Records
• 2003-06-24 Sold (Public Records) — Public Records
• 1996-04-11 Sold (Public Records) — Public Records

Property tax history

+4.7%/yr

Latest (2025): $4,599 · +18.2% YoY. Source: county tax records.