Paramount Plan · Josephine, TX 75173

$289,990

4 bd · 2.0 ba · 2,080 sqft · SingleFamily · 55 Days on market

Good condition

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Why this score? — see what drove the D- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Appreciation +10.0/10.0
• ARV discount +7.5/15.0
• Cash flow +6.1/30.0
• Condition / age +4.0/5.0
• Schools +3.3/10.0
• Livability +3.0/5.0
• Rent growth +2.5/5.0
• 1% rule +1.4/10.0
• DSCR +0.5/10.0

Listing remarks

Experience the perfect balance of style, comfort, and functionality in this thoughtfully designed single-story home. Featuring 4 spacious bedrooms, 2 baths, and a 2-car garage, this plan offers everything your family needs - and more. Step into the open-concept great room, where natural light fills the space and seamlessly connects to the kitchen and dining area - ideal for entertaining or casual family meals. The primary suite is tucked away for privacy, complete with a luxurious ensuite bath and generous walk-in closet. Choose from optional layouts, including a spa-inspired bath or walk-in shower with seat, to create your perfect retreat.

Key facts

• Flexible game room
• Natural light
• Covered patio

Tags

• OPEN-CONCEPT GREAT ROOM
• NATURAL LIGHT
• FLEXIBLE GAME ROOM
• COVERED PATIO

🏗️ New construction. The $289,990 list price is a builder figure, so every metric below is computed on the value from comparable previous sales — $339,649.

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $290k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $-630 ($-8k/yr) — negative.
• To cash-flow at today's rent, offer at most $249k (14.3% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $217k (25.0% below list).
• Recommended offer: $217k (25.0% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 60/100 on livability (#1,076 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime A-; Watch: amenities F, commute F, health & safety F.
• Community ISD (rural): math 30% / reading 38% proficiency, ranked #479 of 826 in TX (top 58%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Leland E Edge Middle (math 25% / reading 35%, grade F, #1,056 of 1,662 statewide, top 65%, 931 students, 53% FRL) — zoned schools average 53% FRL vs 36% district-wide (18 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 485 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 42% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 19,194 units permitted in Collin County in 2024 (3,988 in 5+ unit buildings).

Forward outlook

• In year one you build about $36k of equity ($2k loan paydown + $34k appreciation (10.0% local appreciation)).
• Collin County population projected at +60% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• By year 2, paydown + projected appreciation supports a ~$58k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 55 days — a 3% lower offer ($281k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $217,413 (25.0% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 55 days. Have you received any prior offers? Is the seller open to a 25% concession, seller financing, or rate buy-down credit?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
5. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
6. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
7. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
8. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.64% ✗
• Cap rate: 4.07%
• Cash-on-cash: -7.95%
• DSCR: 0.65
• GRM: 13.0

CMA / ARV

• ARV (median comp): $339,649
• List price: $289,990
• Delta: -14.62%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
609 Dunhill Rd	0.95mi	4/3.0	2,090 (+0%)	0mo	$297,990	$143	60
300 Concord Ct	1.06mi	4/2.5	2,095 (+1%)	3mo	$297,990	$142	59
405 Riverbrook	1.02mi	4/3.0	2,088 (+0%)	2mo	$319,990	$153	58
708 Wisteria Dr	1.01mi	4/2.5	2,155 (+4%)	2mo	$255,000	$118	55
21639 County Road 850	0.59mi	5/3.0 (+1)	1,980 (-5%)	1mo	$515,000	$260	54
503 Murray Ct	0.82mi	3/2.0 (-1)	2,160 (+4%)	2mo	$399,900	$185	52
602 Mallard Dr	0.91mi	4/2.0	1,903 (-8%)	0mo	$264,000	$139	50
508 Northern Red Dr	0.81mi	4/2.0	1,916 (-8%)	2mo	$279,990	$146	50
401 Riverbrook Ln	1.02mi	4/3.0	2,242 (+8%)	3mo	$337,990	$151	46
313 Riverbrook Ln	0.81mi	4/2.0	1,791 (-14%)	1mo	$316,990	$177	41
504 Flora Ct	0.93mi	4/2.0	1,720 (-17%)	3mo	$329,900	$192	37
214 Pennington Rd	0.84mi	3/2.0 (-1)	1,740 (-16%)	2mo	$339,900	$195	33

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 18.7%
• Equity multiple: 2.52×
• Total profit: $144,910
• Equity at exit: $305,983

10-year hold

• IRR: 17.3%
• Equity multiple: 5.82×
• Total profit: $458,340
• Equity at exit: $659,864

Cash invested: $95,102 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Texas: 87 Strongly Landlord-Friendly · R+5
• County: — inherits STATE
• City: — inherits STATE

3-day notice; statewide preemption; one of the fastest eviction climates; Travis County (Austin) slightly slower.

Methodology + full state rankings →

Buyer's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

• For sale now: 75 active · 9 under contract
• Months of supply: 32.1 mo (3%/mo absorbed)
• Median asking: $295,630 ($159/sqft)
• Median days on market: 68 d
• This list price: 48% of active listings are priced below it
• ARV vs active asking: +2.4% vs current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 75173

• Home prices YoY: 3.1%
• Active inventory: 485
• Price-to-rent: 11.1×

Monthly cashflow live

• Estimated rent: $2,174 high
• Mortgage (P&I): −$1,781
• Tax est. 1.5%: −$425 /mo · $5,095/yr
• Insurance: −$142
• HOA: −$0
• Vacancy / Maint / Mgmt: −$457
• Net cashflow: $-630

Break-even live

Break-even rent $2,971

Max offer price $248,534

Occupancy floor —

Sensitivity live

Price	-10% $-395	-5% $-512	+0% $-630	+5% $-747	+10% $-864
Rent	-10% $-801	-5% $-716	+0% $-630	+5% $-544	+10% $-458
Rate	-1.0pp $-459	-0.5pp $-543	base $-630	+0.5pp $-718	+1.0pp $-807

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $84,912
• Closing costs: $10,189
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
464 N Greenville St Farmersville, TX	3.0	2.0	2000	$3,000	$1.50	20d	1	0.22mi
414 Main St Josephine, TX	3.0	2.0	1720	$1,650	$0.96	1d	1	0.51mi
6135 FM 547 Farmersville, TX	4.0	2.5	1771	$2,295	$1.30	73d	1	0.74mi
306 E Cook St Josephine, TX	3.0	2.0	1817	$2,100	$1.16	42d	1	0.91mi
716 Mallard Dr Josephine, TX	4.0	2.5	2119	$2,300	$1.09	0d	1	1.02mi
503 Hawthorn Dr Nevada, TX	4.0	2.0	1824	$2,095	$1.15	21d	1	1.03mi
503 Hawthorn Dr Nevada, TX	4.0	2.0	1824	$2,095	$1.15	0d	1	1.03mi
319 Plum Dr Nevada, TX	4.0	2.0	1587	$1,899	$1.20	59d	1	1.12mi
315 Pine Hollow Way Josephine, TX	4.0	3.0	2212	$2,300	$1.04	56d	1	1.13mi
315 Pine Hollow Way Josephine, TX	4.0	3.0	2212	$2,300	$1.04	3d	1	1.13mi
1413 Brook Ln Caddo Mills, TX	4.0	2.0	1572	$1,925	$1.22	59d	1	1.19mi
1413 Brook Ln Caddo Mills, TX	4.0	2.0	1572	$1,925	$1.22	61d	1	1.19mi
805 Martingale Dr Nevada, TX	4.0	2.0	1926	$2,300	$1.19	38d	1	1.20mi
819 Rustic Way Royse City, TX	4.0	2.0	1796	$2,000	$1.11	32d	1	1.24mi
1117 Northfield Dr Caddo Mills, TX	5.0	2.5	1954	$2,095	$1.07	93d	1	1.24mi
802 Turnbuckle Ct Royse City, TX	4.0	2.0	1577	$1,849	$1.17	93d	1	1.25mi
1128 Northfield Dr Caddo Mills, TX	3.0	2.0	1434	$1,775	$1.24	0d	1	1.26mi
722 Windmill St Josephine, TX	4.0	2.0	1568	$1,950	$1.24	4d	1	1.28mi
503 Northern Red Dr Royse City, TX	4.0	2.0	1916	$1,925	$1.00	12d	1	1.29mi
505 Lansdowne Dr Caddo Mills, TX	4.0	2.0	1583	$1,795	$1.13	0d	1	1.30mi
505 Lansdowne Dr Caddo Mills, TX	4.0	2.0	1583	$1,795	$1.13	1d	1	1.30mi
800 Windmill St Josephine, TX	4.0	2.0	1843	$2,000	$1.09	17d	1	1.31mi
800 Windmill St Josephine, TX	4.0	2.0	1843	$2,100	$1.14	56d	1	1.31mi
800 Windmill St Josephine, TX	4.0	2.0	1843	$2,100	$1.14	48d	1	1.31mi
1153 Northfield Dr Caddo Mills, TX	4.0	2.0	1572	$1,925	$1.22	4d	1	1.31mi
1153 Northfield Dr Caddo Mills, TX	4.0	2.0	1572	$1,925	$1.22	0d	1	1.31mi
801 Meadow Creek Ln Josephine, TX	4.0	2.0	1708	$2,300	$1.35	26d	1	1.31mi
801 Meadow Creek Ln Josephine, TX	4.0	2.0	1757	$2,500	$1.42	54d	1	1.31mi
601 Barlow Dr Caddo Mills, TX	4.0	3.0	2090	$2,075	$0.99	93d	1	1.34mi
513 Barlow Dr Caddo Mills, TX	4.0	2.0	1583	$1,950	$1.23	7d	1	1.34mi
513 Barlow Dr Caddo Mills, TX	4.0	2.0	1583	$1,950	$1.23	0d	1	1.34mi
717 Cottonwood WAY Josephine, TX	4.0	3.0	2073	$2,050	$0.99	28d	1	1.36mi
717 Cottonwood WAY Josephine, TX	4.0	3.0	2073	$2,050	$0.99	0d	1	1.36mi
1116 Riverbrook Ln Caddo Mills, TX	4.0	2.0	1565	$1,900	$1.21	0d	1	1.42mi
217 Red Stream Way Caddo Mills, TX	3.0	2.0	1480	$2,150	$1.45	23d	1	1.42mi
517 Milo Way Royse City, TX	5.0	2.0	2064	$1,995	$0.97	43d	1	1.43mi
808 Saddle Horn Way Royse City, TX	4.0	2.0	1870	$2,199	$1.18	0d	1	1.43mi
813 Cottonwood Way Royse City, TX	4.0	3.0	2347	$2,100	$0.89	20d	1	1.43mi
311 Milo Way Royse City, TX	4.0	2.0	2074	$2,050	$0.99	34d	1	1.43mi
304 Red Stream Way Caddo Mills, TX	3.0	2.0	1476	$1,800	$1.22	68d	1	1.44mi

Listing history 40 events

1. 2026-08-08
   days on market $289,990 Active 55 DOM
2. 2026-08-06
   days on market $289,990 Active 53 DOM
3. 2026-08-05
   days on market $289,990 Active 52 DOM
4. 2026-08-04
   days on market $289,990 Active 51 DOM
5. 2026-08-03
   days on market $289,990 Active 50 DOM
6. 2026-07-31
   days on market $289,990 Active 47 DOM
7. 2026-07-30
   days on market $289,990 Active 45 DOM
8. 2026-07-28
   days on market $289,990 Active 44 DOM
9. 2026-07-26
   days on market $289,990 Active 42 DOM
10. 2026-07-24
    days on market $289,990 Active 40 DOM
11. 2026-07-23
    days on market $289,990 Active 39 DOM
12. 2026-07-22
    days on market $289,990 Active 38 DOM
13. 2026-07-21
    days on market $289,990 Active 37 DOM
14. 2026-07-20
    days on market $289,990 Active 36 DOM
15. 2026-07-18
    days on market $289,990 Active 34 DOM
16. 2026-07-18
    days on market $289,990 Active 33 DOM
17. 2026-07-16
    days on market $289,990 Active 32 DOM
18. 2026-07-15
    days on market $289,990 Active 31 DOM
19. 2026-07-14
    days on market $289,990 Active 30 DOM
20. 2026-07-13
    days on market $289,990 Active 29 DOM
21. 2026-07-13
    days on market $289,990 Active 28 DOM
22. 2026-07-11
    days on market $289,990 Active 27 DOM
23. 2026-07-10
    days on market $289,990 Active 26 DOM
24. 2026-07-09
    days on market $289,990 Active 25 DOM
25. 2026-07-07
    days on market $289,990 Active 23 DOM
26. 2026-07-06
    days on market $289,990 Active 22 DOM
27. 2026-07-06
    days on market $289,990 Active 21 DOM
28. 2026-07-05
    days on market $289,990 Active 20 DOM
29. 2026-07-03
    days on market $289,990 Active 19 DOM
30. 2026-07-02
    days on market $289,990 Active 18 DOM
31. 2026-07-01
    days on market $289,990 Active 17 DOM
32. 2026-06-30
    days on market $289,990 Active 16 DOM
33. 2026-06-29
    days on market $289,990 Active 15 DOM
34. 2026-06-28
    days on market $289,990 Active 14 DOM
35. 2026-06-26
    days on market $289,990 Active 12 DOM
36. 2026-06-24
    days on market $289,990 Active 10 DOM
37. 2026-06-22
    days on market $289,990 Active 8 DOM
38. 2026-06-21
    days on market $289,990 Active 7 DOM
39. 2026-06-18
    statusdays on market $289,990 Active 4 DOM
40. 2026-05-15
    listed $289,990 Active 1085-char remark

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 8/10 Severe 7 d/yr ≥110°F today · 23 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $26,090
• − Mortgage interest: −$19,026
• − Property taxes: −$5,095
• − Insurance: −$1,698
• − Repairs & maintenance: −$2,087
• − Management: −$2,087
• − Depreciation: −$9,881
• Taxable loss: −$13,784
• Est. tax savings @ 24.0%: +$3,308
• After-tax cash flow: $-4,248/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Condition & rehab AI · 19 photos

Good 80/100 Cosmetic rehab Est. rehab $10,400–$31,200 screening

This single-story home is in excellent condition with modern finishes and a spacious layout, making it an ideal choice for both resale and rental.

Value-add opportunities

• Both Painting the exterior and interior walls — Fresh paint can enhance curb appeal and interior aesthetics. ↑
• Both Updating the flooring in the bathrooms — Modern flooring can improve the look and feel of the bathrooms. ↑
• Both Adding smart home features — Smart home features can increase both resale and rental value by making the home more convenient and energy-efficient. ↑

ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

F Composite school gradezoned avg 33/100

Zoned Schools

Middle Leland E Edge Middle F TX #1,056/1,662 Nat'l #8,861/14,009 High Community H S F TX #941/1,632 Nat'l #9,497/17,239

Schools (NCES district)

• District: Community ISD
• NCES district ID: 4814850
• Math proficiency: 30% ▼ -23.00%
• Reading proficiency: 38% ▼ -11.00%
• Median HH income: $71,841
• Composite: 31.58/100
• National rank: #5951
• State rank: #479 of 826 in TX

C Composite livability gradescore 60/100

Livability — Josephine

• Score: 60/100
• State rank: #1076
• US rank: #19105

Category grades

Amenities F Commute F Cost of living A+ Crime A- Employment B Housing A+ Health & safety F User ratings C-

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Josephine, TX
• County: Collin · 1,210,074 people
• Metro: Dallas-Fort Worth-Arlington, TX
• Population (ZIP): 9,284
• Household income: $100,373
• Rent vs Own: 6.7% rent · 93.3% own
• Severe rent burden: 7% of renters

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Population outlook (Collin County) Hauer SSP2

• Today (2025): 1,210,074 people
• By 2030: 1,358,201 · +12.2%
• By 2040: 1,654,061 · +36.7%
• By 2050: 1,937,359 · +60.1%
• By 2075: 2,567,039 · +112.1%
• By 2100: 2,952,048 · +144.0%

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Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority White (65%)
• Race & ethnicity: White 65% Hispanic / Latino 28% Two or more races 15% Black 2% Native American 1%
• Hispanic origin (detail): Mexican 26%
• Common ancestry: Slovak 2% Serbian 1% Iranian 1%
• Foreign-born: 17% · Canada, Jamaica
• Languages at home: 74% English-only · Spanish 24% Arabic 1%

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Political lean MEDSL · Collin

• 2024 margin: R (+11.1) · D 43.1% · R 54.3% · Other 2.6%
• 2008→2024 swing: +14.4pp toward D · 2008: -25.6pp · 2024: -11.1pp
• All cycles: 2024: R+11.1 2020: R+4.3 2016: R+17.0 2012: R+31.6 2008: R+25.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 10.09%
• Current HPI: 331.12
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 3.95%
• F500 in state: 110

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Industry mix (Fortune 500 HQ in TX)

Industry	F500 HQs	Revenue
▸Energy	16	$1,198B
▸Technology	5	$198B
▸Engineering / Construction	4	$72B
▸Energy Services	3	$60B
▸Utilities	3	$41B
▸Healthcare	2	$330B