Last 24 Hours
$112,000
NAL Estimated Property Value1037 Sherry Ln, DeSoto, TX, 75115
$145,600 ARV
Off Market
3 Beds
1 Bath
956 Sq Ft
Built in 1925Highlights
Interior
Bedrooms 3
Bathrooms Full 1
Garage Available
Heating GasExterior
Lot Size17,180 sqft
Building Information
Year Built1925
Stories1
Roof Type105
Garage Spaces1
Land Information
APN65153719110290000
SubdivisionM J S Wampler
Land UseResidential
Legal DescriptionM J S WAMPLER ABST 1537 PG 191 TR 29 0.3944 AC INT202200220027 DD07222022 CO-DC 1537191102900 4CS15371911
Census Tract016627
Assessment Year2025
About this property
2 Lots for 1 price ($85K total). 0.734 total acres at an amazing value and location. 611 Parkdale (listed for $25K) to be sold with 1037 Sherry (listed for $60K). Right off of I-35 in DeSoto, zoned commercial. Make maximum use of this property as a mixed use or multi-unit development. Conceptual image gives a great idea of how one could use etc ground floor for a cafe, retail business and more. The upper floor could be residential or other use if desired. Room for parking, landscaping and a perfect space for an inviting environment of both residents and customers.
Investor Tools
$112,000
Estimated Property Value
$0Estimated Mortgage Balance
$112,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$145,600
Rent-to-Value Ratio: 0.72%
Rent Estimate
$672 /month
Positive
Cash Flow Estimate:
$224 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$177/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,569
$67,920
2025
N/A
N/A
$67,920
No
Tax History
Year
Tax Paid
Assessed Value
2024
$1,569
$67,920
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$112,000
100%
0%
$0/mo
Rental Potential
Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,030/mo
N/A
+$2,030/mo
21.8%
12.4%