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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 716 Oteca Dr, Desoto, TX, 75115 uses $101,439 cash to close to unlock $4,515/yr annual cash flow and $376/mo monthly cash flow. Total monthly income runs $2,701/mo, and a $1,498/mo payment keeps the spread at $376/mo. Purchase price stands at $306,000, and rental yield measures 10.59% with $2,701/mo rent. Return on cash invested shows 24.36% in year one, and 5% annual appreciation builds toward $84,542 over five years. Five-year ROI reaches 128.59% and total cumulative return in cash records $130,440. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,701/mo property income covering a $1,498/mo payment rather than investor’s personal income.
Single Family
Built in 1991
8,886 sqft lot
$N/A/sqft
No 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 |
|---|---|---|
| 2025-02-01 | Listed for sale | $306,000 |
| 2024-11-21 | Pending sale | $306,000 |
| 2024-10-18 | Contingent | $306,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-02-12 | $6859.51 | -0.86% | $300,430 | N/A |
| 2023-02-12 | $6919.31 | N/A | $300,430 | N/A |
Listed by: Brandi Vaughn • Su Kaza Realty, LLC
Mls Name: NTREIS
Mls ID: #20613662
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.
