Last 24 Hours
$215,000
545 Renee Ln, DeSoto, TX, 75115
On Market
Just Added
3 Beds
2 Bath
1,718 Sq Ft
Single Family Residence
$125.15 / sqft
Built in 1984Property Lead Type:
Absentee OwnerHigh Equity
Highlights
Interior
Bedrooms 3
Bathrooms Full 2
Indoor Fireplace
Garage Available
Heating Central
CoolingAppliancesElectric Range
Exterior
Lot Size8,434 sqft
Building Information
Year Built1984
Roof Type105
Garage Spaces2
Land Information
APN20098570050060000
Lot Number6
SubdivisionSouth Meadows 4th Sec
Land UseResidential
Legal DescriptionSOUTH MEADOWS 4TH SEC BLK 5 LT 6 VOL98086/6009 DD042798 CO-DALLAS 0985700500600 22009857005
Census Tract016620
Assessed Land Value$65,000
Assessed Improvement Value$206,550
Assessment Year2026
About this property
Investor opportunity in DeSoto! This 3-bedroom, 2-bath home offers an opportunity for buyers looking for a renovation project or investment property. Bring your ideas and explore the potential to update and improve this property. Offered as-is, with the seller making no repairs. Buyers are encouraged to conduct their own inspections and evaluate the property for their intended use. All measurements, square footage, and property information are approximate and should be independently verified by buyer and buyer's agent. Information deemed reliable but not guaranteed.
Investor Tools
$109,363Estimated Mortgage Balance
$162,187Estimated Equity
59% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,629 /month
Positive
Cash Flow Estimate:
$543 /month
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ContactFinancing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$264/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,809
$271,550
2026
$65,000
$206,550
$271,550
No
Tax History
Year
Tax Paid
Assessed Value
2025
$1,809
$271,550
Mortgage Details
Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Josephine Brightmon
Seller Carryback / Seller Financing / Seller Take-Back
$110,000
No
First
Jun 15, 2026
Sep 2026
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$109,363
$162,187
59%
40%
$660/mo
Rental Potential
Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,250/mo
$660/mo
+$1,590/mo
9.9%
12.4%