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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% |
Investment property for sale in Desoto at 1218 Gannon Ln, Desoto, TX, 75115 offers a 6.47% rental yield on a $415,000 purchase with $2,237/mo rent. 68% in year one. Equity gained on principal adds $2,678/yr while 5% annual appreciation supports $114,657 over five years. Portfolio math shows five-year ROI at 70.68% and total cumulative return in cash at $97,233. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,237/mo property income against a $2,031/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
0.28 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 |
|---|---|---|
| 2025-06-10 | Listed for sale | $415,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-06-10 | $775.35 | -1.29% | $35,000 | N/A |
| 2023-06-10 | $785.46 | 18.44% | $35,000 | 29.63% |
| 2022-06-10 | $663.16 | 244.53% | $27,000 | 260.00% |
Listed by: Edward Mcclintick • Joseph Walter Realty, LLC
Mls Name: NTREIS
Mls ID: #20964896
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.
