701 Edgewood 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
Investment property for sale in Desoto at 701 Edgewood Dr, Desoto, TX, 75115 uses $128,954 cash to close to unlock $1,101/yr annual cash flow and $92/mo monthly cash flow. Total monthly income runs $2,858/mo, and a $1,904/mo payment keeps the spread at $92/mo. Purchase price stands at $389,000, and rental yield measures 8.82% with $2,858/mo rent. Return on cash invested shows 20.76% in year one, and 5% annual appreciation builds toward $107,474 over five years. Five-year ROI reaches 108.64% and total cumulative return in cash records $140,094. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,858/mo property income covering a $1,904/mo payment rather than investor’s personal income.
Single Family
Built in 2013
0.26 Acres 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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