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$257,070

NAL Estimated Property Value

718 Cresent Dr, DeSoto, TX, 75115

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,815 Sq Ft
price_per_sqft$121.07 / sqft
Year BuiltBuilt in 1986

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Electric Water Heater, Microwave, Refrigerator, Vented Exhaust Fan
FlooringLaminate, Tile

Exterior

Exterior FeaturesRain Gutters
Lot Size4,535 sqft

Building Information

Year Built1986
Stories1
Roof Type105
Garage Spaces2

Land Information

APN200795500N0080000
Lot Number8
SubdivisionPark Place
Land UseResidential
Legal DescriptionPARK PLACE PH 1 BLK N LOT 8 AC 0.1041 1/2 DUPLEX INT202500054488 DD03172025 CO-DC 0795500N00800 4CS0795500N
Census Tract016623
Assessed Land Value$30,000
Assessed Improvement Value$227,070
Assessment Year2025

About this property

Charming 2-Bedroom, 2.5-Bath Half Duplex in DeSoto! Fresh exterior and interior paint as of January 2024, complemented by well-manicured landscaping. Newly installed laminate flooring and Brand NEW Carpet in First Floor Bedroom-Den. The spacious layout includes 2 bedrooms, 2.5 baths, with a primary bedroom featuring an attached bonus room, ideal for a home office or sitting area. The home also includes a welcoming living room, a den that can serve as a over-sized ground-floor bedroom and a spacious dinning room. Updates include bathroom renovations, French drainage system and NEW carpet. The exterior boasts a durable metal carport and a recently replaced roof, backed by a 5-year labor warranty and a 25-year manufacturer’s warranty. *Solar panels will be paid off at closing*, offering energy efficiency and long-term savings for the new owner. Home comes complete with 3 mounted flatscreen TVs, offering a turnkey experience! THERE'S MORE!!! This house comes with a locked in REDUCED RATE as low as 5.99% (APR 6.347%) as of 10.28.2024 through List & Lock™. This is a seller paid PERMANENT rate-buydown that reduces the buyer’s interest rate and monthly payment. Terms apply, see disclosures for more information.

Investor Tools

Property Icon
$257,070
Estimated Property Value
$224,982Estimated Mortgage Balance
$32,088Estimated Equity
12% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,542 /month
Positive
Cash Flow Estimate:
$514 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$346/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,871
$257,070
2025
$30,000
$227,070
$257,070
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,871
$257,070

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Fairway Independent Mortgage Corp
Fha
$225,212
Yes
First
Mar 17, 2025
Apr 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$224,982
$32,088
12%
88%
$1,379/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,030/mo
$1,379/mo
+$651/mo
9.5%

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.

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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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718 Cresent Dr | Property Details | No Agent List