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$275,370

NAL Estimated Property Value

902 Teakwood Ln, DeSoto, TX, 75115

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,625 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$156.92 / sqft
Year BuiltBuilt in 1994

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Electric Water Heater, Vented Exhaust Fan
FlooringCarpet, Ceramic Tile, Laminate, Vinyl

Exterior

Exterior FeaturesRain Gutters
Lot Size5,619 sqft

Building Information

Year Built1994
Stories1
Roof Type105
Garage Spaces2

Land Information

APN20000850010010100
Lot Number1
SubdivisionArbor Place Rev
Land UseResidential
Legal DescriptionARBOR PLACE REV BLK 1 EAST 1/2 LOT 1 INT201800192122 DD07182018 CO-DC 0008500100101 4CS00085001
Census Tract016620
Assessed Land Value$30,000
Assessed Improvement Value$245,370
Assessment Year2025

About this property

Welcome home to this beautifully maintained 3 bedroom, 2 bathroom half-brick DUPLEX in the heart of DeSoto, offering space, flexibility, and convenience. Designed with a functional open layout, tons of storage, and a desirable split-bedroom floor plan, this home is ideal for first-time buyers or investors seeking strong rental potential. The bright living area flows into a spacious kitchen featuring abundant cabinetry, generous counter space, breakfast bar seating, pendant lighting, and a flexible dining area perfect for a home office, playroom, or media space. The oversized primary suite includes dual sinks, a garden tub, separate shower, and an impressive walk-in closet. Two additional bedrooms and a full bathroom provide comfortable space for family, guests, or a home office. Step outside to enjoy a spacious fenced backyard with mature landscaping, perfect for outdoor entertaining, pets, or play. and a spacious 2-car garage! Conveniently located just minutes from I-35 with quick access to shopping, dining, and major commuter routes. Situated in DeSoto ISD, this home combines comfort, location, and value.

Investor Tools

Property Icon
$275,370
Estimated Property Value
$126,609Estimated Mortgage Balance
$148,761Estimated Equity
54% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,652 /month
Positive
Cash Flow Estimate:
$551 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$437/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,866
$275,370
2025
$30,000
$245,370
$275,370
No

Tax History

Year
Tax Paid
Assessed Value
2025
$3,866
$275,370

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Gateway First Bank
Fha
$151,210
Yes
First
Jul 18, 2018
Aug 2048

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$126,609
$148,761
54%
46%
$907/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,030/mo
$907/mo
+$1,123/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.

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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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902 Teakwood Ln | Property Details | No Agent List