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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 Joshua at 1509 Grassy Meadows Dr, Joshua, TX, 76058 priced at $450,000 converts $3,954/mo rent into $655/mo cash flow after a $2,203/mo obligation. Total monthly income equals $3,954/mo, and annual cash flow totals $7,855/yr on $149,175 invested. Return on cash invested prints 25.17% in year one, and rental yield reads 10.54% against a $450,000 entry. Equity gained on principal adds $2,904/yr, while 5% annual appreciation compiles into $124,327 by year five. Five-year ROI reaches 132.58% and total cumulative return in cash sums $197,778. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,954/mo property income covering a $2,203/mo payment, not borrower’s personal income.
Single Family
Built in 2018
0.38 Acres lot
$N/A/sqft
$300 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 |
|---|---|---|
| 2025-01-06 | Price change | $450,000 |
| 2024-11-13 | Price change | $465,000 |
| 2024-10-16 | Listed for sale | $475,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-02-11 | N/A | N/A | $488,290 | 10.00% |
| 2023-02-11 | $8357.70 | -18.84% | $443,900 | 3.23% |
| 2022-02-11 | $10298.14 | 14.77% | $430,021 | 17.22% |
Listed by: Nicholas Aspero • Keller Williams Fort Worth
Mls Name: NTREIS
Mls ID: #20755713
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.
