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Street View

$402,650

NAL Estimated Property Value

220 Spinner Rd, DeSoto, TX, 75115

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,444 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$161.62 / sqft
Year BuiltBuilt in 1980

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, Gas Range, Microwave, Refrigerator
FlooringCarpet, Laminate

Exterior

Lot Size2 acres

Building Information

Year Built1980
Stories1
Roof Type105
Garage Spaces2

Land Information

APN20077500000110000
Lot Number11
SubdivisionNorthwest
Land UseResidential
Legal DescriptionNORTHWEST ESTATES 3 LT 11 ACS 2.00 INT202300147171 DD07242023 CO-DC 0775000001100 4CS07750000
Census Tract016618
Assessed Land Value$120,000
Assessed Improvement Value$282,650
Assessment Year2025

About this property

As you approach the property, the lush foliage and towering trees welcome you to your private escape. The generous 2-ACRE CREEK LINED LOT has endless possibilities, whether its exploring the meandering creek, setting up an outdoor dining space, creating a gardener's dream escape, or dreaming bigger and making a backyard oasis with a pool, this property has plenty of space to make your dreams home a reality. The home boasts a comfortable layout, featuring three spacious bedrooms and an extra living area that could easily be used as a fourth bedroom. The main living room has tons of natural light and you'll love taking in the backyard views from the large window and French Doors. While some updates may be desired, the home's timeless style and potential shines through, allowing you to personalize and transform it to suit your unique tastes and preferences. Don't miss this incredible opportunity to make this serene and private property your home! Call us today to schedule your showing!

Investor Tools

Property Icon
$402,650
Estimated Property Value
$355,820Estimated Mortgage Balance
$46,830Estimated Equity
11% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,416 /month
Positive
Cash Flow Estimate:
$805 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$809/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,699
$402,650
2025
$120,000
$282,650
$402,650
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,699
$402,650

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Independent Bank
Conventional
$375,250
No
First
Jul 24, 2023
Aug 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$355,820
$46,830
11%
88%
$2,250/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,030/mo
$2,250/mo
$-220/mo
6.0%

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.

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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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220 Spinner Rd | Property Details | No Agent List