838 Ranchette DrJoshuaTX76058
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Joshua at 838 Ranchette Dr, Joshua, TX, 76058 at $150,000 posts ROI 21.47% with $65/mo cash flow from $1,131/mo rent. Total monthly income equals $1,131/mo, and annual cash flow records $774/yr on $49,725 to close. Return on cash invested measures 21.47% and rental yield reads 9.05% at the current $150,000. Equity gained on principal adds $968/yr, and 5% annual appreciation supports $41,442 by year five. Five-year ROI prints 112.47% and total cumulative return in cash totals $55,926.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,131/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Manufactured
Built in 2022
0.46 Acres lot
$N/A/sqft
No HOA
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
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Nearby investment properties with comparable prices