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$251,000

NAL Estimated Property Value

1320 Mockingbird Ln, DeSoto, TX, 75115

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,462 Sq Ft
price_per_sqft$129.96 / sqft
Year BuiltBuilt in 1984

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Range, Microwave, Plumbed For Ice Maker, Vented Exhaust Fan, Gas Water Heater
FlooringCarpet, Ceramic Tile

Exterior

Exterior FeaturesRain Gutters
Lot Size6,876 sqft

Building Information

Year Built1984
Stories1
Roof Type105
Garage Spaces2

Land Information

APN20070100050290000
Lot Number29
SubdivisionMockingbird Hill Sec
Land UseResidential
Legal DescriptionMOCKINGBIRD HILL SEC 2 BLK 5 LOT 29 INT202100041771 DD02092021 CO-DC 0701000502900 4CS07010005
Census Tract016621
Assessed Land Value$55,000
Assessed Improvement Value$183,860
Assessment Year2025

About this property

Located in vibrant and contemporary Mockingbird Hill, this affordable, well-maintained home is move-in ready * Nicely landscaped lot with a good-sized backyard and a covered back patio * Cozy kitchen and dining area are open to large wood paneled living room with gas start WBFP and vaulted ceiling * All rooms are ample size * Just minutes from I-35, I-20, Hwy 67, and DeSoto shopping * Don't let this one get away!

Investor Tools

Property Icon
$251,000
Estimated Property Value
$163,038Estimated Mortgage Balance
$87,962Estimated Equity
35% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,506 /month
Positive
Cash Flow Estimate:
$502 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$449/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,134
$238,860
2025
$55,000
$183,860
$238,860
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,134
$238,860

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Lhm Financial Corp
Fha
$181,318
Yes
First
Feb 1, 2021
Mar 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$163,038
$87,962
35%
65%
$1,088/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,030/mo
$1,088/mo
+$942/mo
9.7%

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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1320 Mockingbird Ln | Property Details | No Agent List