408 Eddy Ave, Joshua, TX, 76058 | 7.67% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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408 Eddy Ave, Joshua, TX, 76058 | 7.67% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Joshua at 408 Eddy Ave, Joshua, TX, 76058 offers $2,238/mo rent that, after a $1,713/mo payment. Total monthly income is $2,238/mo. Return on cash invested measures 17.31% in year one, and rental yield stands at 7.67% at a $350,000 entry. Equity gained on principal adds $2,258/yr while 5% annual appreciation compounds into $96,699 by year five. Five-year ROI records 90.16% and total cumulative return in cash reaches $104,606. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,238/mo property income versus a $1,713/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 1975

1.27 Acres lot

$N/A/sqft

No HOA

More details about the property

Looking for space, comfort, and affordable financing options? Welcome to 408 Eddy Ave, a charming home nestled on 1.268 acres in the desirable Joshua, TX area and located in a USDA-eligible zone, which means you could qualify for 0% down financing (ask your lender for details)! This home features 1,661 square feet of living space, with 3 bedrooms and 2 full bathrooms, perfect for families, first-time buyers, or anyone seeking peaceful country living without sacrificing convenience. Enjoy the attached garage plus a covered carport, offering ample parking and storage. Outside, there's room to roam, garden, or even start that backyard project you've been dreaming of. Highlights Include: USDA loan eligible potential 0% down Quiet, established neighborhood Minutes from schools, shops, and Hwy 174 Whether you're starting a family, downsizing, or just ready for a bit more elbow room, this property delivers comfort, charm, and financial flexibility.

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