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$224,630

NAL Estimated Property Value

508 Renee Lane, DeSoto, TX, 75115

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,297 Sq Ft
price_per_sqft$161.14 / sqft
Year BuiltBuilt in 1964

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Gas Water Heater, Microwave
FlooringCarpet, Laminate

Exterior

Lot Size13,500 sqft

Building Information

Year Built1964
Stories1
Roof Type105
Garage Spaces2

Land Information

APN20033500010050000
Lot Number5
SubdivisionEmerald
Land UseResidential
Legal DescriptionEMERALD ESTATES BLK 1 LT 5 INT202200222122 DD08152022 CO-DC 0335000100500 4CS03350001
Census Tract016620
Assessed Land Value$55,000
Assessed Improvement Value$169,630
Assessment Year2025

About this property

NEW PRICE! COME AND SEE THIS INCREDIBLE OPPORTUNITY TO OWN a 3 bedroom, 2 bath, 2 car garage on a beautiful lot in a well established extraordinary area of DeSoto! This is a fabulous tree lined street. This fantastic property is ready for you to update and add your personal touch.

Investor Tools

Property Icon
$224,630
Estimated Property Value
$194,407Estimated Mortgage Balance
$30,223Estimated Equity
13% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,348 /month
Positive
Cash Flow Estimate:
$449 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$439/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,145
$224,630
2025
$55,000
$169,630
$224,630
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,145
$224,630

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Thrive Mortgage Llc
Conventional
$209,000
No
First
Aug 15, 2022
Sep 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$194,407
$30,223
13%
87%
$1,254/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,030/mo
$1,254/mo
+$776/mo
10.8%

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 Renee Lane | Property Details | No Agent List