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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 1231 Springbrook Cir, Desoto, TX, 75115 offers $2,132/mo rent that, after a $1,561/mo payment. Total monthly income is $2,132/mo. Return on cash invested measures 17.17% in year one, and rental yield stands at 8.02% at a $319,000 entry. Equity gained on principal adds $2,058/yr while 5% annual appreciation compounds into $88,134 by year five. Five-year ROI records 89.82% and total cumulative return in cash reaches $94,981. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,132/mo property income versus a $1,561/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1969
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 |
|---|---|---|
| 2025-04-14 | Listed for sale | $319,000 |
| 2022-10-21 | Sold | N/A |
| 2022-09-29 | Pending sale | $349,999 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-14 | $6555.98 | -18.70% | $350,140 | N/A |
| 2023-04-14 | $8064.22 | 8.29% | $350,140 | 18.93% |
| 2022-04-14 | $7446.55 | 252.88% | $294,400 | 51.09% |
Listed by: Brodrick Rhodes • Distinction International Prop
Mls Name: NTREIS
Mls ID: #20896296
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.
