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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 1509 Parrot Ct, Desoto, TX, 75115 offers $2,544/mo rent that, after a $1,309/mo payment, leaves $494/mo cash flow. Total monthly income is $2,544/mo, and annual cash flow is $5,923/yr on $88,676 cash. Return on cash invested measures 26.59% in year one, and rental yield stands at 11.41% at a $267,500 entry. Equity gained on principal adds $1,726/yr while 5% annual appreciation compounds into $73,905 by year five. Five-year ROI records 140.61% and total cumulative return in cash reaches $124,688. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,544/mo property income versus a $1,309/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2001
6,272 sqft 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 |
|---|---|---|
| 2024-07-26 | Price change | $267,500 |
| 2024-07-20 | Listed for sale | $269,500 |
| 2024-06-27 | Pending sale | $269,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-14 | $6221.01 | 19.97% | $270,110 | 31.76% |
| 2022-08-14 | $5185.27 | 2.49% | $205,000 | 9.67% |
| 2021-08-14 | $5059.46 | 8.63% | $186,930 | 15.20% |
Listed by: Neeta Olomu • Allie Beth Allman & Assoc.
Mls Name: NTREIS
Mls ID: #20610843
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.
