1357 Lake Grove Ln, Desoto, TX, 75115 | $491/mo Cash Flow

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1357 Lake Grove Ln, Desoto, TX, 75115 | $491/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Desoto at 1357 Lake Grove Ln, Desoto, TX, 75115 offers a 9.81% rental yield on a $460,000 purchase with $3,762/mo rent. Total monthly income registers $3,762/mo, and a $2,251/mo payment leaves $491/mo available for distribution. Annual cash flow reaches $5,896/yr on $152,490 to close, and return on cash invested stands at 23.78% in year one. Equity gained on principal adds $2,968/yr while 5% annual appreciation supports $127,090 over five years. Portfolio math shows five-year ROI at 124.8% and total cumulative return in cash at $190,309. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,762/mo property income against a $2,251/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 2020

10,018 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to 1357 Lake Grove Lane, a beautifully maintained home located on a quiet cul-de-sac in DeSoto. Built in 2020, this 4-bedroom, 3-bath, 2-car garage residence offers approximately 2,334 sq. ft. of elegant living space. The open-concept floor plan features raised ceilings with decorative moldings, a spacious living area with an electric fireplace, and a formal dining room perfect for entertaining. The kitchen includes granite countertops, stainless-steel appliances, a breakfast nook, and a wet bar that opens into the living room. The split-bedroom layout ensures privacy, and an additional office space provides flexibility for remote work or study. The primary suite offers a tiled garden tub, a glass-enclosed shower, and generous closet space. Washer, Dryer and Refrigerator will convey. Enjoy outdoor living at its finest with a private backyard oasis featuring a sparkling pool, a covered patio, and low-maintenance turf landscaping. This home combines comfort, style, and functionality. Ready for its next owner to move in and enjoy.

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