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$211,110

NAL Estimated Property Value

506 Sierra Dr, DeSoto, TX, 75115

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,411 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$102.76 / sqft
Year BuiltBuilt in 1980

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
FlooringCarpet

Exterior

Lot Size5,400 sqft

Building Information

Year Built1980
Stories1
Roof Type105
Garage Spaces2

Land Information

APN20069100180410100
Lot Number41
SubdivisionMeadowbrook
Land UseResidential
Legal DescriptionMEADOWBROOK ESTATES 4TH INST BLK 18 LT 41.1 INT202000093596 DD04062020 CO-DC 0691001804101 4CS06910018
Census Tract016617
Assessed Land Value$35,000
Assessed Improvement Value$176,110
Assessment Year2025

About this property

This home has been updated with a custom pain job, new carpet and vinyl plank throughout. The third bedroom can be an office. It has small backyard and patio. This is perfect for a young family or single parent. Move in ready.

Investor Tools

Property Icon
$211,110
Estimated Property Value
$150,488Estimated Mortgage Balance
$60,622Estimated Equity
28% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,267 /month
Positive
Cash Flow Estimate:
$422 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$238/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,803
$211,110
2025
$35,000
$176,110
$211,110
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,803
$211,110

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Gateway First Bank
Fha
$147,283
Yes
First
Apr 6, 2021
May 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$150,488
$60,622
28%
71%
$996/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,030/mo
$996/mo
+$1,034/mo
11.5%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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.

Explore Texas Explore This Area
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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506 Sierra Dr | Property Details | No Agent List