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$297,240

NAL Estimated Property Value

1116 Rio Verde Dr, DeSoto, TX, 75115

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,647 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$170.01 / sqft
Year BuiltBuilt in 2004

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Electric Water Heater, Microwave
FlooringCarpet, Tile, Vinyl

Exterior

Lot Size7,956 sqft

Building Information

Year Built2004
Stories1
Roof Type105
Garage Spaces2

Land Information

APN200701600E0190000
Lot Number19
SubdivisionMockingbird Hill Sec Ph 2b
Land UseResidential
Legal DescriptionMOCKINGBIRD HILL SEC 4 PH 2B BLK E LOT 19 INT202500121919 DD06102025 CO-DC 0701600E01900 4CS0701600E
Census Tract016621
Assessed Land Value$60,000
Assessed Improvement Value$237,240
Assessment Year2025

About this property

Welcome to your new home! This home is all about blending comfort with a touch of style. The warm living area features a cozy fireplace, perfect for those chilly Texas nights, and a calming neutral color scheme that makes it easy to relax. You'll love the large primary bedroom, which feels like a getaway, perfect for unwinding after a long day. The primary bathroom is a peaceful spa-like retreat with double sinks, separate shower, jetted garden tub, and a generous walk-in closet, so you’ll have plenty of room for all your things. Take a step outside to your private patio—it's a great spot for enjoying quiet mornings or unwinding in the evenings. The fenced backyard adds an extra layer of privacy and plenty of space for outdoor activities. This home truly offers the perfect mix of style and practicality in the heart of Desoto—don’t let it slip away!

Investor Tools

Property Icon
$297,240
Estimated Property Value
$267,599Estimated Mortgage Balance
$29,641Estimated Equity
9% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,783 /month
Positive
Cash Flow Estimate:
$594 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$689/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,787
$297,240
2025
$60,000
$237,240
$297,240
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,787
$297,240

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Texas Department Of Hsng & Cmnty Affairs
Stand Alone Second / Subordinate Position
$271,982
No
First
Jun 10, 2025
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$267,599
$29,641
9%
90%
$1,631/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,030/mo
$1,631/mo
+$399/mo
8.2%

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: DeSoto

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1116 Rio Verde Dr | Property Details | No Agent List