5440 Oakridge RdJoshuaTX76058
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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
Rental property for sale in Joshua at 5440 Oakridge Rd, Joshua, TX, 76058 priced at $950,000 converts $4,348/mo rent into after a $4,650/mo obligation. Total monthly income equals $4,348/mo. Return on cash invested prints 10.82% in year one, and rental yield reads 5.49% against a $950,000 entry. Equity gained on principal adds $6,130/yr, while 5% annual appreciation compiles into $262,467 by year five. Five-year ROI reaches 55.27% and total cumulative return in cash sums $172,754. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,348/mo property income covering a $4,650/mo payment, not borrower’s personal income.
Single Family
Built in 2023
3.89 Acres lot
$N/A/sqft
No HOA
More details about the property
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
Price History
Date | Event | Price |
|---|---|---|
| 2024-09-16 | Listed for sale | $950,000 |
| 2024-08-13 | Listing removed | N/A |
| 2024-07-01 | Price change | $974,900 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-22 | N/A | N/A | $975,970 | 243.32% |
| 2023-10-22 | $4475.89 | 10.19% | $284,275 | 25.80% |
| 2022-10-22 | $4062.04 | -1.23% | $225,970 | N/A |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 2023
- Architectural Style: Craftsman,Contemporary/Modern,Detached
- Building Area: N/A
- Living Area: 3,313 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Central, Electric
- Cooling: Central Air, Ceiling Fan(s), Electric
- Flooring: Carpet, Ceramic Tile, Luxury Vinyl, Luxury VinylPlank, Sustainable
- Interior Features: Built-in Features, Decorative/Designer Lighting Fixtures, Double Vanity, Eat-in Kitchen, Granite Counters, High Speed Internet, Kitchen Island, Multiple Master Suites, Open Floorplan, Pantry, Cable TV, Vaulted Ceiling(s), Walk-In Closet(s), Wired for Sound
- Exterior Features: Lighting, Private Entrance, Private Yard, RV Hookup, Storage
- Parking Features: Covered, Carport, Driveway, Electric Vehicle Charging Station(s), Garage Faces Front, Garage, Garage Door Opener, Gated, Lighted, On Site, Oversized, RV Garage, RV Carport, Storage, Boat, RV Access/Parking
Location
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: Septic Available, Water Available, Cable Available
- Sewer: Aerobic Septic
- Water Source: Community/Coop
- Road Surface Type: N/A
School Information
- Elementary School: Elder
- Middle School: Tom and Nita Nichols
- High School: Joshua
Listed by: Carrie Ingram • Keller Williams Lonestar DFW
Mls Name: NTREIS
Mls ID: #20728139
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.