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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% |
Investment property for sale in Desoto at 609 Snapdragon Ln, Desoto, TX, 75115 uses $105,417 cash to close to unlock $3,185/yr annual cash flow and $265/mo monthly cash flow. Total monthly income runs $2,544/mo, and a $1,556/mo payment keeps the spread at $265/mo. Purchase price stands at $318,000, and rental yield measures 9.6% with $2,544/mo rent. Return on cash invested shows 22.93% in year one, and 5% annual appreciation builds toward $87,858 over five years. Five-year ROI reaches 120.34% and total cumulative return in cash records $126,863. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,544/mo property income covering a $1,556/mo payment rather than investor’s personal income.
Single Family
Built in 2005
8,049 sqft lot
$N/A/sqft
$212 annually 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 |
|---|---|---|
| 2025-03-31 | Listed for sale | $318,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-01 | $4658.22 | 11.65% | $308,350 | -6.25% |
| 2023-04-01 | $4172.11 | -12.01% | $328,900 | 30.06% |
| 2022-04-01 | $4741.59 | -0.31% | $252,890 | 28.01% |
Listed by: Anyiesa Johnson • Opendoor Brokerage, LLC
Mls Name: NTREIS
Mls ID: #20887101
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.
