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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 811 Ridgeway Rd, Joshua, TX, 76058 priced at $365,000 converts $2,334/mo rent into after a $1,786/mo obligation. Total monthly income equals $2,334/mo. Return on cash invested prints 17.32% in year one, and rental yield reads 7.67% against a $365,000 entry. Equity gained on principal adds $2,355/yr, while 5% annual appreciation compiles into $100,843 by year five. Five-year ROI reaches 90.16% and total cumulative return in cash sums $109,087. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,334/mo property income covering a $1,786/mo payment, not borrower’s personal income.
Single Family
Built in N/A
0.28 Acres lot
$N/A/sqft
No 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 |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Tony Willis • Wethington Agency
Mls Name: NTREIS
Mls ID: #21061331
