1117 Miramar AveDesotoTX75115
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Desoto at 1117 Miramar Ave, Desoto, TX, 75115 offers a 10.11% rental yield on a $450,000 purchase with $3,791/mo rent. Total monthly income registers $3,791/mo, and a $2,203/mo payment leaves $569/mo available for distribution. Annual cash flow reaches $6,832/yr on $149,175 to close, and return on cash invested stands at 24.49% in year one. Equity gained on principal adds $2,904/yr while 5% annual appreciation supports $124,327 over five years. Portfolio math shows five-year ROI at 128.69% and total cumulative return in cash at $191,970. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,791/mo property income against a $2,203/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2004
7,666 sqft lot
$N/A/sqft
$200 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75115, Desoto, TX area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
21,700
Single Family
17,279
Multi-Family
4,421
Businesses
1,104
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Listed by: Mical Hagos • Real
Mls Name: NTREIS
Mls ID: #20831582
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.