124 Independence DrJoshuaTX76058
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Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Joshua at 124 Independence Dr, Joshua, TX, 76058 priced at $410,000 converts $3,109/mo rent into $193/mo cash flow after a $2,007/mo obligation. Total monthly income equals $3,109/mo, and annual cash flow totals $2,318/yr on $135,915 invested. Return on cash invested prints 21.61% in year one, and rental yield reads 9.1% against a $410,000 entry. Equity gained on principal adds $2,646/yr, while 5% annual appreciation compiles into $113,275 by year five. Five-year ROI reaches 113.22% and total cumulative return in cash sums $153,887. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,109/mo property income covering a $2,007/mo payment, not borrower’s personal income.
Single Family
Built in 2021
8,189 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76058, Joshua, TX area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
7,893
Single Family
7,356
Multi-Family
537
Businesses
421
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