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$295,000

415 Shiplap Lane, Josephine, TX, 75189

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,808 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$163.16 / sqft
Year BuiltBuilt in 2018

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
AppliancesDishwasher, Disposal, Electric Range
FlooringCarpet, Ceramic Tile, Laminate

Exterior

Lot Size11,154 sqft

Building Information

Year Built2018
Stories1
Garage Spaces2

Land Information

APNR-11715-00E-0170-1
Lot Number17
SubdivisionMagnolia Phase 1 (Gcn)
Land UseResidential
Legal DescriptionMAGNOLIA PHASE 1 (GCN), BLK E, LOT 17
Census Tract031201
Assessed Land Value$84,000
Assessed Improvement Value$198,643
Assessment Year2025

About this property

Check out this lovely 4 bedroom 2 bath home situated on an oversized lot in the sought after Magnolia Pointe community! This beauty boasts a split, open floor plan with a study! The kitchen offers stainless steel appliances, a generous amount of cabinet storage, with a spacious corner pantry. Master ensuite welcomes you with a large shower and walk in closet! Relax and unwind in your huge backyard, great for entertaining. Enjoy the amenities, pools, parks and walking trails all within walking distance! Minutes from town and easy access to interstate 30.

Investor Tools

Property Icon
$282,643
Estimated Property Value
$0Estimated Mortgage Balance
$0Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,770 /month
Positive
Cash Flow Estimate:
$590 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$705/month
$480/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,043
$282,643
2025
$84,000
$198,643
$282,643
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,043
$282,643

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Wells Fargo Bank Na
Commercial
$1,293,500
No
First
Sep 5, 2025
Sep 2035

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$1,278,416
N/A
0%
452%
$7,756/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,350/mo
$8,236/mo
$-4,886/mo
14.2%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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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415 Shiplap Lane | Property Details | No Agent List