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B+
NoAgentList RatingHow are grades calculated? Info

$305,130

1216 Rio Vista Dr, DeSoto, TX, 75115

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths1,842 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$162.81 / sqft
Year BuiltBuilt in 2003

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Range
FlooringCeramic Tile, Wood

Exterior

Exterior FeaturesStorage
Lot Size8,797 sqft

Building Information

Year Built2003
Stories1
Roof Type105
Garage Spaces2

Land Information

APN200701600B0050000
Lot Number5
SubdivisionMockingbird Hill Sec Ph 11a
Land UseResidential
Legal DescriptionMOCKINGBIRD HILL SEC 4 PH 11A BLK B LT 5 INT202100236490 DD08032021 CO-DC 0701600B00500 4CS0701600B
Census Tract016621
Assessed Land Value$60,000
Assessed Improvement Value$245,130
Assessment Year2025

About this property

Come see this recently updated 4 bedroom 3 full bath garage conversion home if you’re looking for space then this might be the one. Open concept between kitchen, dining and living area with a cozy fireplace for family gatherings. Granite countertops and plenty of storage space. Garage conversion 4th bedroom is huge with its own bathroom almost like a 2nd master. Good size, backyard, and back porch for those hot summer days. A must see. All information and measurements are reliable, but not guarantee Buyer and Buyer Agent must do their own due diligence.

Investor Tools

Property Icon
$305,130
Estimated Property Value
$234,000Estimated Mortgage Balance
$92,256Estimated Equity
23% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,831 /month
Positive
Cash Flow Estimate:
$610 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$708/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,967
$305,130
2025
$60,000
$245,130
$305,130
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,967
$305,130

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Prosperity Bank
Conventional
$234,000
No
First
Aug 3, 2021
Sep 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$212,874
$92,256
30%
70%
$1,403/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,030/mo
$1,403/mo
+$627/mo
8.0%

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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1216 Rio Vista Dr | Property Details | No Agent List