909 Cove Mdw

Desoto, TX 75115
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5 bd, 3 ba | 2,616 sqft | Built in 1975

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List Price
$250,000

Initial Investment

$69,923

Purchase Price

$248,200

Down Payment

25%

Rent

$2,462

Total Return

$148,918

Annualized Return

26.1%

Cap Rate

6.2%

Gross Yield

11.9%

Cash Flow

$823

Appreciation

9.9%
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Features

Occupancy

Occupied

Lease Start

05/01/2020

Lease End

04/30/2021

Lot Size

29,677

HOA

None

Flood Risk

Not Required

  • 2019 Complete Renovation
  • Section 8 Approved at $2462
  • Per March 2020 Appraisal: 5bedrooms, $258k Appraised Value

MARKETS

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NEIGHBORHOOD

SCHOOLS

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Annual Financial Highlights

Expected Rent

$28,067

Expenses

-$7,350

Property Taxes

-$6,400

Loan Payments

-$13,493

Net Cash Flow

$823

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