3420 Bahamas Dr · Mesquite, TX 75150

$160,000

3 bd · 1.0 ba · 1,312 sqft · SingleFamily public records · 7 Days on market

Built 1961 7,797 sqft lot Est $240k · 33% under

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Why this score? — see what drove the C 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 +18.9/30.0
• ARV discount +15.0/15.0
• 1% rule +6.8/10.0
• DSCR +6.0/10.0
• 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 MLS

Hud home to be sold as-is . Bid deadline: 01-28-07. Case#491-838454, general list date: 12-29-06.

Key facts

• 7,797 sq ft lot
• 2 parking spots
• Built 1961

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $160k.

Deal economics

• At list price, monthly cash flow is $164 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $160k).
• Cap rate 7.5% 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: Range El (math 24% / reading 25%, grade F, #3,052 of 4,322 statewide, top 74%, 597 students, 88% FRL) — zoned schools average 88% 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 21d 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 $5k 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 7 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts since 23y ago; this cycle's ask has dropped $10k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.

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 $160,000

Questions for the listing agent

1. Built in 1961 — 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: 1.18% ✓
• Cap rate: 7.52%
• Cash-on-cash: 4.39%
• DSCR: 1.20
• GRM: 7.0

CMA / ARV

• ARV (on-the-fly): $240,096
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3420 Bahamas Dr	0.00mi	3/1.0	1,312 (0%)	1mo	$160,000	$122	99
2506 Aloha Dr	0.26mi	4/2.5 (+1)	1,308 (-0%)	4mo	$245,000	$187	73
2229 Aloha Dr	0.39mi	3/2.0	1,356 (+3%)	2mo	$234,900	$173	70
3646 Palm Dr	0.33mi	4/2.5 (+1)	1,365 (+4%)	2mo	$249,999	$183	65
2501 Bamboo St	0.34mi	3/1.0	1,176 (-10%)	3mo	$219,000	$186	65
3419 Palm Dr	0.11mi	4/3.0 (+1)	1,428 (+9%)	3mo	$254,999	$179	64
3429 Eastbrook Dr	0.51mi	3/2.0	1,385 (+6%)	2mo	$249,000	$180	62
2004 Eastbrook Cir	0.66mi	3/2.0	1,263 (-4%)	0mo	$237,500	$188	58
3329 Eastbrook Dr	0.60mi	3/2.0	1,257 (-4%)	5mo	$259,900	$207	57
2722 Cumberland Dr	0.66mi	3/2.0	1,246 (-5%)	4mo	$254,500	$204	54
2602 Eastridge St	0.63mi	3/2.0	1,504 (+15%)	3mo	$245,000	$163	40
2525 Belhaven Dr	0.73mi	3/2.0	1,485 (+13%)	0mo	$249,900	$168	40

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: -12.8%
• Equity multiple: 0.55×
• Total profit: $-20,139
• Equity at exit: $23,857

10-year hold

• IRR: -9.3%
• Equity multiple: 0.50×
• Total profit: $-22,203
• Equity at exit: $13,834

Cash invested: $44,800 (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: 7.0×

Monthly cashflow live

• Estimated rent: $1,892 high
• Mortgage (P&I): −$839
• Tax from tax record: −$425 /mo · $5,104/yr
• Insurance: −$67
• HOA: −$0
• Vacancy / Maint / Mgmt: −$397
• Net cashflow: $164

Break-even live

Break-even rent $1,685

Max offer price $160,000

Occupancy floor 86%

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: $40,000
• Closing costs: $4,800
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3512 Bahamas Dr Mesquite, TX	3.0	2.0	1455	$1,795	$1.23	20d	1	0.09mi
3512 Bahamas Dr Mesquite, TX	3.0	2.0	1455	$1,795	$1.23	11d	1	0.09mi
3512 Bahamas Dr Mesquite, TX	3.0	2.0	1455	$1,795	$1.23	24d	1	0.09mi
3531 Bonita Vista Cir Mesquite, TX	4.0	2.0	1358	$1,950	$1.44	24d	1	0.20mi
3531 Bonita Vista Cir Mesquite, TX	4.0	2.0	1358	$1,950	$1.44	12d	1	0.20mi
3206 Heather Glen Dr Mesquite, TX	4.0	2.0	1708	$4,800	$2.81	1d	1	0.24mi
3703 Byrd Dr Mesquite, TX	3.0	1.5	1702	$2,150	$1.26	2d	1	0.26mi
3315 Kensington Dr Mesquite, TX	3.0	2.0	1641	$1,900	$1.16	43d	1	0.44mi
3110 Berkshire Dr Mesquite, TX	3.0	2.0	1755	$2,183	$1.24	7d	1	0.53mi
2808 Belhaven Dr Mesquite, TX	3.0	1.5	1199	$1,695	$1.41	1d	1	0.56mi
2021 Aloha Dr Mesquite, TX	3.0	2.0	1556	$2,200	$1.41	43d	1	0.57mi
4244 Flamingo Way Mesquite, TX	3.0	2.0	1500	$2,150	$1.43	43d	1	0.60mi
4313 Flamingo Way Mesquite, TX	3.0	2.0	1482	$2,200	$1.48	7d	1	0.61mi
4228 Flamingo Way Mesquite, TX	3.0	2.0	1240	$1,898	$1.53	43d	1	0.61mi
2721 Northview Pl Mesquite, TX	4.0	2.5	1512	$2,135	$1.41	43d	1	0.83mi
2721 Northview Pl Mesquite, TX	4.0	2.0	1512	$2,245	$1.48	19d	1	0.83mi
3532 Hilton Dr Mesquite, TX	3.0	1.5	1216	$1,690	$1.39	2d	1	0.86mi
4200 U.S. 80 Mesquite, TX	1.0–2.0	1.0–2.0	787	$1,525	$1.94	2d	132	0.90mi
3404 Gray Dr Mesquite, TX	4.0	2.0	1516	$2,150	$1.42	12d	1	0.91mi
3622 Gray Dr Mesquite, TX	3.0	2.0	1786	$2,200	$1.23	7d	1	0.93mi
1809 Baker Dr Mesquite, TX	1.0–2.0	1.0–2.0	874	$1,431	$1.64	43d	3	0.95mi
3500 Statler Dr Mesquite, TX	3.0	2.0	1557	$1,895	$1.22	24d	1	0.97mi
8411 La Prada Dr Dallas, TX	1.0–3.0	1.0–2.0	825	$1,305	$1.58	1d	23	1.04mi
3511 Casa Ridge Dr Mesquite, TX	4.0	1.5	1276	$1,759	$1.38	7d	1	1.05mi
2820 Percheron Dr Mesquite, TX	3.0	2.5	1769	$2,400	$1.36	24d	1	1.05mi
2948 Percheron Dr Unit NA Mesquite, TX	3.0	2.5	1691	$1,995	$1.18	24d	1	1.06mi
8383 La Prada Dr Dallas, TX	1.0–2.0	1.0–2.0	910	$1,545	$1.70	7d	10	1.06mi
2909 Bluets Dr Mesquite, TX	3.0	2.5	1728	$2,000	$1.16	15d	1	1.08mi
2908 Mare Dr Mesquite, TX	3.0	2.5	1722	$2,100	$1.22	43d	1	1.08mi
3017 Percheron Dr Mesquite, TX	3.0	3.0	1473	$1,995	$1.35	21d	1	1.08mi
3021 Percheron Dr Unit NA Mesquite, TX	3.0	3.0	1754	$2,299	$1.31	7d	1	1.08mi
3021 Percheron Dr Mesquite, TX	3.0	3.0	1754	$2,299	$1.31	17d	1	1.08mi
3412 Beth Dr Mesquite, TX	3.0	1.0	1148	$1,795	$1.56	43d	1	1.09mi
2837 Appaloosa Ln Mesquite, TX	3.0	2.5	1837	$2,500	$1.36	43d	1	1.09mi
2920 Bluets Dr Mesquite, TX	3.0	3.0	1477	$2,250	$1.52	21d	1	1.09mi
2969 Baneberry Ln Mesquite, TX	3.0	2.5	1716	$2,400	$1.40	7d	1	1.10mi
2941 Baneberry Ln Mesquite, TX	3.0	2.5	1810	$2,500	$1.38	43d	1	1.10mi
3036 Shire Dr Mesquite, TX	3.0	2.5	1691	$2,350	$1.39	12d	1	1.11mi
3004 Baneberry Ln Mesquite, TX	3.0	3.0	1786	$2,445	$1.37	43d	1	1.13mi
2944 Baneberry Ln Mesquite, TX	3.0	2.5	1772	$2,400	$1.35	43d	1	1.13mi

Listing history 16 events

1. 2026-04-22
   status Pending
2. 2026-04-15
   price $160,000
3. 2026-04-15
   status Active
4. 2026-04-09
   historical
5. 2026-04-06
   listed $170,000
6. 2025-07-24
   soldstatus
7. 2007-02-15
   soldstatus 98-char remark

   Show marketing remark (98 chars)

   Hud home to be sold as-is . Bid deadline: 01-28-07. Case#491-838454, general list date: 12-29-06.

8. 2007-01-29
   historical 98-char remark

   Show marketing remark (98 chars)

   Hud home to be sold as-is . Bid deadline: 01-28-07. Case#491-838454, general list date: 12-29-06.

9. 2006-12-29
   listed $66,000 98-char remark

   Show marketing remark (98 chars)

   Hud home to be sold as-is . Bid deadline: 01-28-07. Case#491-838454, general list date: 12-29-06.

10. 2004-06-07
    soldstatus
11. 2004-03-01
    soldstatus
12. 2004-02-27
    soldstatus 301-char remark

    Show marketing remark (301 chars)

    NICE HOUSE W/ SHADDED LOT, UPDATED KIT. HUD HOME TO BE SOLD 'AS-IS', SELLING BROKER COMM UP TO 5%, BLB COMM . 49%, BID DEADLINE 12/22/03, CASE#491-680084 , HUD CONTRACTS/ADDMS, AVAILABILITY & SPECIFIC INSTRUCTIONS AT WWW. FITSTPRE STON. COM OR HUD. GOV OR CALL 800-260-3760.. .. ESCROW:$3,740.00

13. 2004-01-06
    historical 301-char remark

    Show marketing remark (301 chars)

    NICE HOUSE W/ SHADDED LOT, UPDATED KIT. HUD HOME TO BE SOLD 'AS-IS', SELLING BROKER COMM UP TO 5%, BLB COMM . 49%, BID DEADLINE 12/22/03, CASE#491-680084 , HUD CONTRACTS/ADDMS, AVAILABILITY & SPECIFIC INSTRUCTIONS AT WWW. FITSTPRE STON. COM OR HUD. GOV OR CALL 800-260-3760.. .. ESCROW:$3,740.00

14. 2003-12-18
    listed $70,000 301-char remark

    Show marketing remark (301 chars)

    NICE HOUSE W/ SHADDED LOT, UPDATED KIT. HUD HOME TO BE SOLD 'AS-IS', SELLING BROKER COMM UP TO 5%, BLB COMM . 49%, BID DEADLINE 12/22/03, CASE#491-680084 , HUD CONTRACTS/ADDMS, AVAILABILITY & SPECIFIC INSTRUCTIONS AT WWW. FITSTPRE STON. COM OR HUD. GOV OR CALL 800-260-3760.. .. ESCROW:$3,740.00

15. 1999-09-28
    soldstatus
16. 1979-06-01
    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: $5,104 · $425/mo
• Projected year-2 tax: $5,104 · $425/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 ≥109°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 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,710
• − Mortgage interest: −$8,962
• − Property taxes: −$5,104
• − Insurance: −$800
• − Repairs & maintenance: −$1,817
• − Management: −$1,817
• − Depreciation: −$4,655
• Taxable loss: −$445
• Est. tax savings @ 24.0%: +$107
• After-tax cash flow: $2,075/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

+128.6% since first listed

16 events — show timeline

• 2026-04-22 Pending — NTREIS
• 2026-04-15 Price Changed $160,000 NTREIS
• 2026-04-15 Relisted — NTREIS
• 2026-04-09 Listing Removed — NTREIS
• 2026-04-06 Listed $170,000 NTREIS
• 2025-07-24 Sold (Public Records) — Public Records
• 2007-02-15 Sold (MLS) — NTREIS
• 2007-01-29 Listing Removed — NTREIS
• 2006-12-29 Listed $66,000 NTREIS
• 2004-06-07 Sold (Public Records) — Public Records
• 2004-03-01 Sold (Public Records) — Public Records
• 2004-02-27 Sold (MLS) — NTREIS
• 2004-01-06 Listing Removed — NTREIS
• 2003-12-18 Listed $70,000 NTREIS
• 1999-09-28 Sold (Public Records) — Public Records
• 1979-06-01 Sold (Public Records) — Public Records

Property tax history

+6.7%/yr

Latest (2025): $5,104 · -4.0% YoY. Source: county tax records.