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$199,000

424 Lakewood Dr, DeSoto, TX, 75115

$229,322 ARVInfo
On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths1,707 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$116.58 / sqft
Year BuiltBuilt in 1966

Property Lead Type:

BankruptcyPre-ForeclosureDeal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesMicrowave

Exterior

Lot Size13,518 sqft

Building Information

Year Built1966
Stories1
Roof Type105
Garage Spaces2

Land Information

APN20034500030150000
Lot Number15
SubdivisionForest Park
Land UseResidential
Legal DescriptionFOREST PARK BLK 3 LOT 15 VOL2005178/1978 DD08292005 CO-DC 0345000301500 4CS03450003
Census Tract016618
Assessed Land Value$80,000
Assessed Improvement Value$178,750
Assessment Year2025

About this property

INVESTOR OPPORTUNITY in DeSoto! This property is ready for someone with a vision to bring it back to life. The home needs TLC and is being offered strictly AS IS—seller will not make any repairs or improvements. Whether you're looking for your next renovation project, rental opportunity, or a property to add value to, this one deserves a look. Enjoy the added appeal of a nice creek running along the back of the property, offering a peaceful natural backdrop and a touch of privacy. The property is not located in a flood zone, adding another desirable feature for buyers considering the property for investment or future improvements. Located in an established DeSoto community with convenient access to major highways, shopping, dining, parks, and everyday amenities. Enjoy proximity to local attractions and recreation, including the ARC at McCowan Park and DeSoto’s network of community parks. Bring your contractor, your ideas, and your vision—this property offers an opportunity to create something special in a convenient South Dallas location. Buyer and buyer's agent to verify all information and perform their own due diligence.

Investor Tools

$73,771Estimated Mortgage Balance
$212,229Estimated Equity
74% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$229,322
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,716 /month
Positive
Cash Flow Estimate:
$572 /month

Interested in this property?

Rafael Chavez

Solto Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$243/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,486
$258,750
2025
$80,000
$178,750
$258,750
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,486
$258,750

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Newrez Llc
Credit Line (Revolving) / Heloc
$84,250
No
First
May 11, 2020
Jun 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$73,771
$212,229
74%
26%
$506/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,030/mo
$506/mo
+$1,524/mo
8.5%

City: DeSoto