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$318,420

NAL Estimated Property Value

616 Kelsie Ln, DeSoto, TX, 75115

$346,368 ARVInfo
Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,997 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1.07 / sqft
Year BuiltBuilt in 1987

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, Electric Cooktop, Electric Oven, Electric Range, Microwave, Refrigerator, Gas Water Heater
FlooringCarpet, Ceramic Tile, Laminate

Exterior

Exterior FeaturesRain Gutters, Lighting, Storage
Lot Size7,986 sqft

Building Information

Year Built1987
Stories1
Roof Type105
Garage Spaces2

Land Information

APN200320100K0210000
Lot Number21
SubdivisionEagle Downs
Land UseResidential
Legal DescriptionEAGLE DOWNS PH 1 BLK K LT 21 INT202500094505 DD05062025 CO-DC 0320100K02100 4CS0320100K
Census Tract016632
Assessed Land Value$60,000
Assessed Improvement Value$258,420
Assessment Year2025

About this property

Tenant lost her job and had to break the lease. Beautifully updated, 4 bedrooms 2 baths 2 car garage with extra room to park a boat or RV. Lovely 4 bedrooms, 2 baths, 2 car garage. Walking distance to De Soto High School and city park. Updated in 2018 to include paint, laminated wood floors, ceramic tile in kitchen and baths, modernized kitchen with white quartz and glass back splash, breakfast bar,double square kitchen sink stainless steel as well as the faucet and some appliances. light fixtures, and faucets. Decorative mirrors fixtures in both baths.Vaulted ceiling in the living room with fireplace, ss ceiling fans and wet bar. Master bedroom has a sitting area that could be a sitting or nursery area.

Investor Tools

Property Icon
$318,420
Estimated Property Value
$259,892Estimated Mortgage Balance
$58,528Estimated Equity
18% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$346,367
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,911 /month
Positive
Cash Flow Estimate:
$637 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$706/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,877
$318,420
2025
$60,000
$258,420
$318,420
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,877
$318,420

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Trusted Rate Inc
Fha
$264,550
Yes
First
May 6, 2025
Jun 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$259,892
$58,528
18%
82%
$1,587/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,030/mo
$1,587/mo
+$443/mo
7.7%

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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616 Kelsie Ln | Property Details | No Agent List