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$332,840

NAL Estimated Property Value

309 S Elerson Rd, DeSoto, TX, 75115

$412,677 ARVInfo
Off MarketInfo
Beds6 Beds
Baths4 Bath
Baths5,500 Sq Ft
price_per_sqft$145.45 / sqft
Year BuiltBuilt in 1956

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 6Bedrooms 6
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Oven, Gas Range
FlooringCarpet, Ceramic Tile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesBalcony, Courtyard, Fire Pit
Lot Size1 acre

Building Information

Year Built1956
Stories2
Roof Type105
Garage Spaces4

Land Information

APN651119340100300HS
SubdivisionGeorge F Porter
Land UseResidential
Legal DescriptionGEORGE F PORTER ABST 1119 PG 340 TR 3 ACS 1.00 FOR REM ACS SEE 65111934010030000 INT202300055839 DD03232023 CO-DC
Census Tract016633
Assessed Land Value$75,000
Assessed Improvement Value$257,840
Assessment Year2025

About this property

Country living in the city limits and only 20 minutes from downtown Dallas. You will love this great find in the city! Come and see what this property has to offer. It boasts of updating by the owners on almost 10 acres! Bring your animals and have fun with the stocked pond. Awesome oasis pool with an amazing covered outdoor , cabana patio. The patio features a firepit, outdoor restrooms, and a kitchen area. There is a she shed loft in the back that could be easily transformed as a mother in law suite. There is another bonus living space that is air conditioned on the property. It also features a barn a couple of storage sheds, horse arena and chicken coupe. Enjoy the fountain under the large front covered patio. Second level has 3 rooms and 2 restrooms and an outdoor patio over looking the tranquil property and pool.

Investor Tools

Property Icon
$332,840
Estimated Property Value
$570,503Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$412,676
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,800 /month
Positive
Cash Flow Estimate:
$1,600 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$230/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,097
$332,840
2025
$75,000
$257,840
$332,840
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,097
$332,840

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Prosperity Bank
Conventional
$605,800
No
First
Mar 22, 2023
Apr 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$570,503
N/A
0%
171%
$3,633/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,030/mo
$3,633/mo
$-1,603/mo
7.3%

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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309 S Elerson Rd | Property Details | No Agent List