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$349,900

509 Teresa Ct, DeSoto, TX, 75115

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths2,401 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$145.73 / sqft
Year BuiltBuilt in 1996

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

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

Exterior

Lot Size10,275 sqft

Building Information

Year Built1996
Roof Type105
Garage Spaces1

Land Information

APN200223800P0170000
Lot Number17
SubdivisionCreek Tree
Land UseResidential
Legal DescriptionCREEK TREE ESTATES PH 2 BLK P LT 17 VOL2001070/2268 DD03292001 CO-DC 0223800P01700 2200223800P
Census Tract016620
Assessed Land Value$65,000
Assessed Improvement Value$291,710
Assessment Year2026

About this property

Spacious single-story home located in the established Creek Tree Estates community of DeSoto. Offering 4 bedrooms, 2 full baths and approximately 2,401 square feet of living space, the property sits on an approximately quarter-acre lot and provides a functional one-story layout with generous living space. Conveniently located near schools, shopping, dining, major roadways and everyday amenities. Buyer and buyer's agent to independently verify measurements, schools, taxes, zoning, restrictions, utilities and all property information.

Investor Tools

$54,205Estimated Mortgage Balance
$302,505Estimated Equity
84% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,140 /month
Positive
Cash Flow Estimate:
$713 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$653/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,049
$356,710
2026
$65,000
$291,710
$356,710
No

Tax History

Year
Tax Paid
Assessed Value
2025
$6,049
$356,710

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Ch Mtg Company I Ltd
Fha
$148,799
Yes
First
Mar 29, 2001
Apr 2031

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$54,205
$302,505
84%
15%
$1,018/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,030/mo
$1,018/mo
+$1,012/mo
6.8%

City: DeSoto