604 Mulberry LnDesotoTX75115
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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 Mulberry Ln, Desoto, TX, 75115 priced at $413,900 pairs $3,252/mo rent with $309/mo cash flow after a $2,026/mo payment. Total monthly income equals $3,252/mo, and annual cash flow comes to $3,702/yr on $137,208 invested. Return on cash invested is 22.61% in year one, and rental yield stands at 9.43% on a $413,900 basis. Equity gained on principal adds $2,671/yr, and 5% annual appreciation accumulates to $114,353 by year five. Five-year ROI measures 118.54% and total cumulative return in cash reaches $162,648. For financing, Ziffy Mortgage’s DSCR program evaluates $3,252/mo property income against a $2,026/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2002
6,621 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: Felicia Allen Grace • Fathom Realty
Mls Name: NTREIS
Mls ID: #21039621
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.