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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 Desoto at 1017 Ray Andra Dr, Desoto, TX, 75115 offers $3,695/mo rent that, after a $1,468/mo payment, leaves $1,512/mo cash flow. Total monthly income is $3,695/mo, and annual cash flow is $18,144/yr on $99,450 cash. Return on cash invested measures 38.15% in year one, and rental yield stands at 14.78% at a $300,000 entry. Equity gained on principal adds $1,936/yr while 5% annual appreciation compounds into $82,884 by year five. Five-year ROI records 202.09% and total cumulative return in cash reaches $200,976. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,695/mo property income versus a $1,468/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1965
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 75115, Desoto, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,601 (100%) |
| Owner Occupied HU | 14,276 (63.2%) |
| Renter Occupied HU | 7,569 (33.5%) |
| Vacant Housing Units | 756 ( 3.3%) |
| Median Home Value | $329,245 |
| Average Home Value | $362,947 |
Residential
21,700
Single Family
17,279
Multi-Family
4,421
Businesses
1,104
Date | Event | Price |
|---|---|---|
| 2024-08-07 | Listed for sale | $300,000 |
| 2024-08-03 | Listing removed | N/A |
| 2024-07-20 | Price change | $294,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-14 | $5578.66 | 40.79% | $242,220 | 54.62% |
| 2022-08-14 | $3962.31 | -6.55% | $156,650 | N/A |
| 2021-08-14 | $4239.91 | N/A | $156,650 | N/A |
Listed by: Renee Hudson • RE/MAX Associates of Mansfield
Mls Name: NTREIS
Mls ID: #20696569
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.
