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Days76Days on Market
Views1view

$335,000

408 Mercer Drive, Josephine, TX, 75173

$372,334 ARVInfo
On MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,011 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$166.58 / sqft
Year BuiltBuilt in 2024

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
AppliancesDishwasher, Disposal, Electric Range, Electric Water Heater, Microwave, Warming Drawer
FlooringCarpet, Ceramic Tile, Hardwood

Exterior

Exterior FeaturesRain Gutters
Lot Size8,712 sqft

Building Information

Year Built2023
Stories1
Garage Spaces2

Land Information

APNR-12566-00A-0210-1
Lot Number21
SubdivisionDeberry Heritage (Cjo)
Land UseResidential
Legal DescriptionDEBERRY HERITAGE (CJO), BLK A, LOT 21
Census Tract031201
Assessed Land Value$120,750
Assessed Improvement Value$235,250
Assessment Year2025

About this property

NO PID TAX! CUL-DE-SAC LOT! Welcome to Rural Modern Living. Located in Josephine, this 3-bed 2-bath one story home features an open layout and many desirable details. Recent upgrades include all light fixtures and ceiling fans, kitchen vent hood, oversized farmhouse sink and upgraded finishes throughout. The primary suite features a modern electric fireplace on a custom wood accent wall, large space and ensuite bath. The primary bath features a dual sink granite vanity, tile shower, garden tub and custom walk-in closet. The kitchen features a custom large quartz island with cabinet storage, quartz counters, ss vent hood, farm sink, microwave drawer and ss appliances. The living area also features a modern electric fireplace on a custom wood accent wall. The home has many windows with let in the tons of daylight to make for a relaxing day indoors. Or spend your day in the backyard taking advantage of the extended patio and large patio cover that will make for a relaxing day in the Texas sun or under the stars. This lot is special as it currently doesn't have a house built behind it, so enjoy the lush greenery and trees while enjoying your morning coffee. Two separate bedrooms with walk-in closets are located at the front of the house. A hall bath is shared between the two rooms. The home features a versatile office-flex room that could fill any buyer’s needs. Hand-scraped hardwoods, tile and carpet flooring throughout. The home was built in 2024, so very little use or wear of appliances or systems throughout. A ton of storage has been added throughout. A 20 minute drive will grant access to HWY 30 and the shopping, restaurants and entertainment located in Rockwall. Don't miss your chance to enjoy rural modern living at its best!

Investor Tools

$234,988Estimated Mortgage Balance
$121,012Estimated Equity
33% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$372,334
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,136 /month
Positive
Cash Flow Estimate:
$712 /month

Interested in this property?

David Maisch

Zero Dollar Listings, LLC

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$504/month
$600/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,263
$356,000
2025
$120,750
$235,250
$356,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,263
$356,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Mega Capital Funding Inc
Conventional
$239,200
No
First
May 12, 2025
Jun 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$234,988
$121,012
33%
66%
$1,435/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$2,035/mo
$-63/mo
6.6%

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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408 Mercer Drive | Property Details | No Agent List