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Street View

$276,000

NAL Estimated Property Value

516 Tealridge Lane, DeSoto, TX, 75115

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,609 Sq Ft
price_per_sqft$187.69 / sqft
Year BuiltBuilt in 1989

Property Lead Type:

BankruptcyOff-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal
FlooringCarpet, Wood

Exterior

Lot Size9,858 sqft

Building Information

Year Built1989
Stories1
Roof Type105
Garage Spaces4

Land Information

APN20079570030010000
Lot Number1
SubdivisionPark Ridge
Land UseResidential
Legal DescriptionPARK RIDGE ESTATES BLK 3 LOT 1 INT202200199110 DD07182022 CO-DC 0795700300100 4CS07957003
Census Tract016628
Assessed Land Value$60,000
Assessed Improvement Value$192,100
Assessment Year2025

About this property

Updated and ready for move-in! The kitchen opens to the living room with a gas fireplace and views of the backyard. Breakfast nook adjacent to the kitchen. The master suite has separate granite vanities, a garden tub, and a separate shower. Board on Board fence with metal posts! Security System. There is a neutral color scheme throughout the home. The home sits on a huge corner lot with mature trees and landscaping. Easy access to I35. Show your most selective clients.

Investor Tools

Property Icon
$276,000
Estimated Property Value
$289,414Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,812 /month
Positive
Cash Flow Estimate:
$604 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$559/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,332
$252,100
2025
$60,000
$192,100
$252,100
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,332
$252,100

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Interlinc Mortgage Services Llc
Conventional
$311,700
No
First
Jul 18, 2022
Aug 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$289,414
N/A
0%
105%
$1,869/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,030/mo
$1,869/mo
+$161/mo
8.8%

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.

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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516 Tealridge Lane | Property Details | No Agent List