604 Hidden Lakes 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 604 Hidden Lakes Dr, Desoto, TX, 75115 priced at $693,022 converts $3,886/mo rent into after a $3,392/mo obligation. Total monthly income equals $3,886/mo. Return on cash invested prints 14.58% in year one, and rental yield reads 6.73% against a $693,022 entry. Equity gained on principal adds $4,472/yr, while 5% annual appreciation compiles into $191,469 by year five. Five-year ROI reaches 75.42% and total cumulative return in cash sums $171,957. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,886/mo property income covering a $3,392/mo payment, not borrower’s personal income.
Single Family
Built in 2025
N/A 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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