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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Joshua at 120 Independence Dr, Joshua, TX, 76058 with 5% annual appreciation on a $459,000 basis while $5,527/mo rent supports operations. Total monthly income totals $5,527/mo and a $2,247/mo payment preserves $2,243/mo for cash returns. Annual cash flow comes to $26,911/yr on $152,159 deployed, and return on cash invested reaches 37.59% in year one. Equity gained on principal adds $2,962/yr, and five-year appreciation sums $126,813 alongside rental yield of 14.45%. Five-year ROI measures 198.95% and total cumulative return in cash totals $302,723.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $5,527/mo property income versus a $2,247/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2021
8,189 sqft lot
$N/A/sqft
$240 annually HOA
Neighborhood data shown for ZIP Code: 76058, Joshua, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,412 (100%) |
| Owner Occupied HU | 6,030 (71.7%) |
| Renter Occupied HU | 1,868 (22.2%) |
| Vacant Housing Units | 514 ( 6.1%) |
| Median Home Value | $317,351 |
| Average Home Value | $364,850 |
Residential
7,893
Single Family
7,356
Multi-Family
537
Businesses
421
Date | Event | Price |
|---|---|---|
| 2024-07-24 | Price change | $459,000 |
| 2024-06-27 | Listed for sale | $475,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Lisa Rogers • JPAR - Frisco
Mls Name: NTREIS
Mls ID: #20650535
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
