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$299,999

1116 Southwood Drive, DeSoto, TX, 75115

$302,456 ARVInfo
On MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,076 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$144.51 / sqft
Year BuiltBuilt in 1972

Property Lead Type:

High EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesBuilt-In Gas Range, Dishwasher, Disposal, Gas Water Heater, Microwave
FlooringCeramic Tile, Vinyl

Exterior

Lot Size6,270 sqft

Building Information

Year Built1972
Stories1
Roof Type105
Garage Spaces2

Land Information

APN20025500070150000
Lot Number15
SubdivisionCrestwood Village 2nd
Land UseResidential
Legal DescriptionCRESTWOOD VILLAGE 2ND INST BLK 7 LOT 15 INT202300112455 DD05302023 CO-DC 0255000701500 4CS02550007
Census Tract016627
Assessed Land Value$60,000
Assessed Improvement Value$321,550
Assessment Year2025

About this property

The Bank Is Waiting On Your Offer......Fully updated home. Very quiet and established neighborhood with NO HOA. Spacious Lot. Some of the updates include New Windows, New Plumbing, New HVAC System including duct work, and a New Fence. Open Kitchen concept overlooks the living and dining room. Primary Bedroom is so spacious and awaiting a New Bedroom set with a King sized bed. The primary bath has a separate free standing tub and shower with frameless glass. The second living area has nice views from the large windows. My Sellers lost is your Buyers gain. Take a look at this beautiful home today.

Investor Tools

$376,775Estimated Mortgage Balance
$4,775Estimated Equity
1% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$302,456
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,289 /month
Positive
Cash Flow Estimate:
$763 /month

Interested in this property?

Marq Skinner

Rendon Realty, LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$759/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,203
$381,550
2025
$60,000
$321,550
$381,550
No

Tax History

Year
Tax Paid
Assessed Value
2025
$7,203
$381,550

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Village Capital & Investment Llc
Va
$392,091
Yes
First
Mar 25, 2024
Apr 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$376,775
$4,775
1%
99%
$2,351/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,030/mo
$2,351/mo
$-321/mo
6.4%

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.

Explore Texas Explore This Area
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 Southwood Drive | Property Details | No Agent List