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Days38Days on Market
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$274,900

405 Rusted Rail Drive, Josephine, TX, 75189

On MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,843 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$149.16 / sqft
Year BuiltBuilt in 2021

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
AppliancesDishwasher, Disposal, Electric Range, Microwave, Refrigerator
FlooringVinyl

Exterior

Lot Size7,187 sqft

Building Information

Year Built2021
Stories1
Garage Spaces2

Land Information

APNR-12177-00A-0140-1
Lot Number14
SubdivisionMagnolia Phase 5 (Gcn)
Land UseResidential
Legal DescriptionMAGNOLIA PHASE 5 (GCN), BLK A, LOT 14
Census Tract031201
Assessed Land Value$80,000
Assessed Improvement Value$203,019
Assessment Year2025

About this property

Beautiful 4 bedroom, 2 bathroom home situated in the desirable Magnolia Pointe community. This popular floorplan offers a spacious open-concept layout with a split-bedroom design and thoughtful upgrades throughout. The adorable kitchen features sage green cabinetry, upgraded sink and faucet, gold fixtures, and a stylish modern feel. Luxury vinyl flooring flows through the main living areas, while hardwood flooring adds warmth and character to the 4th bedroom. Freshly painted interior and upgraded lighting fixtures throughout enhance the home’s modern appeal, including a beautiful chandelier in the dining area that creates the perfect focal point for entertaining. The spacious primary suite offers a private ensuite bath, while the secondary bedrooms are cozy and well-appointed. Enjoy outdoor living in the oversized backyard featuring an extended covered patio, ideal for relaxing or hosting guests. Additional upgrades include a UV system in the attic, insulated garage with HVAC, and water heater replaced in 2026. Magnolia Pointe offers wonderful neighborhood amenities including a swimming pool, playground, and walking trails, all within walking distance to Roderick Elementary. Conveniently located near I-30 with quick access to shopping, dining, and everyday conveniences.

Investor Tools

Property Icon
$283,019
Estimated Property Value
$0Estimated Mortgage Balance
$49,553Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,698 /month
Positive
Cash Flow Estimate:
$566 /month

Interested in this property?

Stacie Noble

Coldwell Banker Apex, REALTORS

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$575/month
$576/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,484
$283,019
2025
$80,000
$203,019
$283,019
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,484
$283,019

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Dhi Mortgage Company Ltd
Fha
$226,724
Yes
First
May 28, 2021
Jun 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$233,466
$49,553
17%
82%
$1,540/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,350/mo
$2,116/mo
+$1,234/mo
14.2%

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Josephine

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405 Rusted Rail Drive | Property Details | No Agent List