1405 Covington DrDesotoTX75115
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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
Rental property for sale in Desoto at 1405 Covington Dr, Desoto, TX, 75115 priced at $372,000 pairs $4,067/mo rent with $1,421/mo cash flow after a $1,821/mo payment. Total monthly income equals $4,067/mo, and annual cash flow comes to $17,057/yr on $123,318 invested. Return on cash invested is 33.74% in year one, and rental yield stands at 13.12% on a $372,000 basis. Equity gained on principal adds $2,400/yr, and 5% annual appreciation accumulates to $102,777 by year five. Five-year ROI measures 178.24% and total cumulative return in cash reaches $219,801. For financing, Ziffy Mortgage’s DSCR program evaluates $4,067/mo property income against a $1,821/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1987
0.23 sqft lot
$N/A/sqft
No 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: Carrol Smith • CENTURY 21 Judge Fite Co.
Mls Name: NTREIS
Mls ID: #20704949
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.