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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% |
Rental property for sale in Justin at 1208 Misty Ridge Dr, Justin, TX, 76247 offers $3,088/mo rent that, after a $1,953/mo payment, leaves $36/mo cash flow. Total monthly income is $3,088/mo, and annual cash flow is $431/yr on $132,269 cash. Return on cash invested measures 20.23% in year one, and rental yield stands at 9.29% at a $399,000 entry. Equity gained on principal adds $2,575/yr while 5% annual appreciation compounds into $110,236 by year five. Five-year ROI records 106.5% and total cumulative return in cash reaches $140,870. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,088/mo property income versus a $1,953/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2020
9,844 sqft lot
$N/A/sqft
$400 semi-annually HOA
Neighborhood data shown for ZIP Code: 76247, Justin, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,121 (100%) |
| Owner Occupied HU | 9,700 (80.0%) |
| Renter Occupied HU | 1,582 (13.1%) |
| Vacant Housing Units | 839 ( 6.9%) |
| Median Home Value | $438,515 |
| Average Home Value | $491,845 |
Residential
10,759
Single Family
10,453
Multi-Family
306
Businesses
404
Date | Event | Price |
|---|---|---|
| 2025-01-22 | Price change | $399,000 |
| 2025-01-13 | Price change | $409,000 |
| 2024-12-03 | Price change | $412,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-02-13 | $8398.48 | 9.21% | $422,971 | 10.00% |
| 2023-02-13 | $7689.91 | -7.99% | $384,519 | 10.00% |
| 2022-02-13 | $8357.86 | 19.37% | $349,563 | 9.56% |
Listed by: Joelle Mcnay • Orchard Brokerage, LLC
Mls Name: NTREIS
Mls ID: #20727415
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.
