$305,130
NAL Estimated Property Value1216 Rio Vista Dr, DeSoto, TX, 75115
Off Market
Property Lead Type:
BankruptcyAbsentee Owner
Highlights
Interior
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
$305,130
Estimated Property Value
$212,874Estimated Mortgage Balance
$92,256Estimated Equity
30% 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
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%
