408 Honey Locust DrJosephineTX75173
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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
Investment Highlights
Investment property for sale in Josephine at 408 Honey Locust Dr, Josephine, TX, 75173 uses $92,817 cash to close to unlock $1,156/yr annual cash flow and $96/mo monthly cash flow. Total monthly income runs $2,087/mo, and a $1,370/mo payment keeps the spread at $96/mo. Purchase price stands at $279,990, and rental yield measures 8.94% with $2,087/mo rent. Return on cash invested shows 21.15% in year one, and 5% annual appreciation builds toward $77,356 over five years. Five-year ROI reaches 110.77% and total cumulative return in cash records $102,810. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,087/mo property income covering a $1,370/mo payment rather than investor’s personal income.
Single Family
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75173, Nevada, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,511 (100%) |
| Owner Occupied HU | 3,108 (88.5%) |
| Renter Occupied HU | 240 ( 6.8%) |
| Vacant Housing Units | 163 ( 4.6%) |
| Median Home Value | $392,701 |
| Average Home Value | $427,702 |
Housing Distribution
Address Breakdown
Residential
3,142
Single Family
3,141
Multi-Family
1
Businesses
103
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