704 Spice StDesotoTX75115
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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 704 Spice St, Desoto, TX, 75115 priced at $374,000 converts $3,166/mo rent into $361/mo cash flow after a $1,831/mo obligation. Total monthly income equals $3,166/mo, and annual cash flow totals $4,334/yr on $123,981 invested. Return on cash invested prints 23.4% in year one, and rental yield reads 10.16% against a $374,000 entry. Equity gained on principal adds $2,413/yr, while 5% annual appreciation compiles into $103,329 by year five. Five-year ROI reaches 123.33% and total cumulative return in cash sums $152,905. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,166/mo property income covering a $1,831/mo payment, not borrower’s personal income.
Single Family
Built in 2006
10,628 sqft lot
$N/A/sqft
$425 annually 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: Katy Hubener • Crescent Real Estate Group-DFW
Mls Name: NTREIS
Mls ID: #20768196
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.