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$979,000

5809 Downing Ln, Joshua, TX, 76031

Off MarketInfo
Beds3 Beds
Baths4 Bath
Baths3,417 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$190.23 / sqft
Year BuiltBuilt in 2004

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2.5Bathrooms Full 2.5
AppliancesDishwasher, Disposal, Electric Cooktop, Microwave, Double Oven

Exterior

Lot Size1.02 acres

Building Information

Year Built2004
Garage Spaces3

Land Information

APN126.3459.00180
Lot Number3
Land UseResidential
Legal DescriptionLOT 3 BLK 2 DEVONSHIRE VILLAGE
Census Tract130415
Assessed Land Value$86,700
Assessed Improvement Value$564,886
Assessment Year2025

About this property

Stunning 1-Acre Property in Joshua ISD – No City Taxes! Welcome to this beautifully updated home in Devonshire Village, ideally located near I-35 and FM 917. Nestled on a spacious 1-acre lot and situated outside city limits, this property offers privacy, space, and no city taxes, all within minutes of shopping, dining, parks, and schools in the highly sought-after Joshua ISD. This 3-bedroom, 2 full bath, 2 half bath home has been thoughtfully updated with a new roof, new HVAC system, and two new water heaters for peace of mind. Inside, enjoy a formal dining room, a private home office with French doors, and an open-concept living area featuring a cozy fireplace, bar seating, and beautiful views of the backyard pool. The spacious primary suite includes patio access, dual vanities, a soaking tub, separate shower, and a large walk-in closet. Two secondary bedrooms are connected by a Jack-and-Jill bathroom, and a convenient half bath with outdoor access is perfect for pool guests. Upstairs, a large bonus room with its own half bath offers the perfect space for a game room, media room, or optional fourth bedroom. Step outside to your shaded backyard oasis, featuring mature trees, a recently resurfaced in-ground pool, covered patio, and plenty of space for entertaining or relaxing. Additional features include a 2-car garage, custom finishes throughout, upgraded lighting, ceiling fans in all bedrooms, a spacious laundry room with cabinetry, and abundant storage. This home truly has it all! **modern updates, flexible living space, and an unbeatable location.** The seller is motivated, so don’t miss your chance to make this one yours. Schedule your private showing today!

Investor Tools

Property Icon
$979,000
Estimated Property Value
$599,998Estimated Mortgage Balance
$431,091Estimated Equity
39% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,874 /month
Positive
Cash Flow Estimate:
$1,958 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,355/month
$400/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$11,366
$651,586
2025
$86,700
$564,886
$651,586
No

Tax History

Year
Tax Paid
Assessed Value
2025
$11,366
$651,586

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Michigan Mutual Inc Dba Michigan Imutual
Va
$599,998
Yes
First
Oct 19, 2021
Nov 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$547,909
$431,091
44%
56%
$3,598/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,385/mo
$3,998/mo
$-1,613/mo
2.9%

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.

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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: Joshua

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