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$450,000

412 Spinner Road, DeSoto, TX, 75115

On MarketInfo
Just AddedInfo
Beds2 Beds
Baths2 Bath
Baths1,905 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$236.22 / sqft
Year BuiltBuilt in 1966

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 4Bathrooms Full 4
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesRefrigerator, Built-In Refrigerator, Dishwasher, Disposal, Gas Oven, Gas Range, Gas Water Heater, Microwave, Tankless Water Heater, Vented Exhaust Fan
FlooringCarpet, Ceramic Tile, Wood

Exterior

Exterior FeaturesFire Pit, Rain Gutters, Lighting, Private Yard
Lot Size1 acre

Building Information

Year Built1966
Stories1
Roof Type105
Garage Spaces2

Land Information

APN20077500000010100
Lot Number1
SubdivisionNorthwest Estates
Land UseResidential
Legal DescriptionNORTHWEST ESTATES 3 PT LOT 1 142.94X326.94X116.56X364.94 INT201200279230 DD09192012 CO-DC 0775000000101 4CS07750000
Census Tract016618
Assessment Year2025

About this property

Rare opportunity offering incredible flexibility and built-in income potential! Situated on a beautifully treed 1-acre lot backing to a creek, this renovated property features a primary residence plus two fully leased garage apartments, making it ideal for investors, house hackers, or multi-generational living. The main home is a 2-bedroom, 2-bath with approximately 1,905 sq ft and could easily be reconfigured into a 3 or 4-bedroom layout, while the apartments are both 1-bedroom, 1-bath units measuring approximately 699 sq ft and 816 sq ft. The main house showcases hardwood floors throughout the common areas and an updated eat-in kitchen with granite countertops, hammered glass cabinet doors, and stainless steel appliances. A secondary living area with built-in shelving offers flexibility for a home office or additional bedroom. The private primary suite features a fireplace and an LED-lit jacuzzi tub, along with an ensuite bath complete with a spacious walk-in tile shower and bench. Currently generating approximately $4,960 per month in rental income, this property delivers immediate cash flow with upside potential. The main home lease runs through December 31 with plans to renew for an additional year, while both apartments are leased month-to-month, but they could be transitioned to six-month or one-year leases. Enjoy the expansive outdoor space from the large, tree-shaded deck, all while benefiting from a rare combination of privacy, versatility, and strong income performance.

Investor Tools

$331,341Estimated Mortgage Balance
$308,850Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,700 /month
Positive
Cash Flow Estimate:
$900 /month

Interested in this property?

Wesley Hill

Berkshire HathawayHS PenFed TX

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$758/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,549
$308,850
2025
N/A
N/A
$308,850
No

Tax History

Year
Tax Paid
Assessed Value
2025
$7,549
$308,850

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Emporium Tpo Llc
Conventional
$335,250
No
First
Sep 23, 2025
Oct 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$331,341
N/A
0%
107%
$2,010/mo

City: DeSoto

412 Spinner Road | Property Details | No Agent List