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$303,900

NAL Estimated Property Value

521 E Lanett Drive, DeSoto, TX, 75115

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,937 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$134.23 / sqft
Year BuiltBuilt in 1990

Property Lead Type:

BankruptcyOff-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Cooktop, Microwave, Vented Exhaust Fan
FlooringCarpet, Ceramic Tile, Laminate

Exterior

Lot Size8,585 sqft

Building Information

Year Built1990
Stories1
Roof Type105
Garage Spaces2

Land Information

APN20098570070160000
Lot Number16
SubdivisionSouth Meadows 4th Sec
Land UseResidential
Legal DescriptionSOUTH MEADOWS 4TH SEC BLK 7 LOT 16 INT202100376146 DD12152021 CO-DC 0985700701600 4CS09857007
Census Tract016620
Assessed Land Value$65,000
Assessed Improvement Value$238,900
Assessment Year2025

About this property

BACK ON THE MARKET!!! Buyers Financing Fell Through AGAIN!!!ACT NOW AND ACT FAST!!!l Custom built, 3 bedroom, 2 bath, rear entry home offering spacious living, dining, and split bedroom arrangement. Located in an established neighborhood nestled between two major thoroughfares. This is a grand opportunity to acquire a very good home below market price! Seller is offering $3,500.00 repair allowance toward repairs Some rehab have taken place such as fresh interior and exterior painting, replacement of carpet, and laminate in master bath and entry area. Excellent investor opportunity as well as first time home buyer! Agents please present your best and final offer the first time. Thank You

Investor Tools

Property Icon
$303,900
Estimated Property Value
$197,992Estimated Mortgage Balance
$105,908Estimated Equity
34% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,823 /month
Positive
Cash Flow Estimate:
$608 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$705/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,939
$303,900
2025
$65,000
$238,900
$303,900
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,939
$303,900

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United Wholesale Mortgage
Conventional
$216,000
No
First
Dec 15, 2021
Jan 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$197,992
$105,908
34%
65%
$1,296/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,030/mo
$1,296/mo
+$734/mo
8.0%

City: DeSoto

521 E Lanett Drive | Property Details | No Agent List