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B+
NoAgentList RatingHow are grades calculated? Info

$314,000

508 Cambridge Dr, DeSoto, TX, 75115

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,991 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$161.73 / sqft
Year BuiltBuilt in 1977

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDouble Oven, Refrigerator
FlooringLaminate

Exterior

Private PoolPrivate Pool
Lot Size10,000 sqft

Building Information

Year Built1977
Stories1
Roof Type105
Garage Spaces4

Land Information

APN20096500020210000
Lot Number21
SubdivisionSouthampton
Land UseResidential
Legal DescriptionSOUTHAMPTON ESTATES BLK B LT 21 INT202300100865 DD05222023 CO-DC 0965000202100 4CS09650002
Census Tract016632
Assessed Land Value$55,000
Assessed Improvement Value$259,000
Assessment Year2025

About this property

This charming fixer-upper in DeSoto, Texas has been lovingly maintained by its one owner and is ready for its next chapter. With four bedrooms and two bathrooms, it offers plenty of space for a growing family or those who enjoy entertaining guests. The highlight of the property is undoubtedly the inviting pool, perfect for hot Texas summers. While the home could use some updates and TLC, it has great bones and a solid foundation. The potential is endless for those with a vision and a willingness to put in some work. The spacious living areas and bedrooms offer plenty of natural light and provide a blank canvas for personal touches. The kitchen boasts ample cabinet and counter space and could be transformed into a chef's dream. Located in a quiet neighborhood, this home is conveniently situated near shopping, dining, and entertainment options. It's the perfect opportunity for those seeking a project to make their own and create lasting memories in a great location.

Investor Tools

Property Icon
$314,000
Estimated Property Value
$225,400Estimated Mortgage Balance
$94,881Estimated Equity
28% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,932 /month
Positive
Cash Flow Estimate:
$644 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$728/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,169
$314,000
2025
$55,000
$259,000
$314,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,169
$314,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Texasbank
Unknown
$225,400
No
First
May 22, 2023
Jun 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$219,119
$94,881
30%
70%
$1,634/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,650/mo
$1,634/mo
+$1,016/mo
10.1%

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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508 Cambridge Dr | Property Details | No Agent List