403 English Oak Dr · Josephine, TX 75173

$289,950

5 bd · 2.0 ba · 1,938 sqft · SingleFamily · 114 Days on market

Built 2026 6,970 sqft lot $150/sqft · at area comps Est $291k · at est. $46/mo HOA · 2% of rent

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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 +7.6/15.0
• Cash flow +7.2/30.0
• Schools +3.2/10.0
• Livability +3.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +2.2/10.0
• DSCR +1.4/10.0

Listing remarks MLS

New! Spacious single story floor plan! Five bedrooms, two full baths, with open floor plan, and nice covered patio. Home includes, island kitchen, granite counters throughout, LED lighting, full sprinkler system, professionally engineered post tension foundation, and much more! Waverly Estates is a new D.R. Horton community in Josephine. The community is conveniently located just minutes from Interstate 30, providing easy access to Rockwall and the DFW Metroplex. Waverly Estates offers a variety of single-family homes. If you're looking for a new home in the Josephine area, Waverly Estates is the perfect community for you.

Key facts

• Led lighting
• Island kitchen
• Covered patio

Tags

• ISLAND KITCHEN
• GRANITE COUNTERS
• LED LIGHTING
• FULL SPRINKLER SYSTEM
• COVERED PATIO

What this means for you Summary

Snapshot

• This is a 5-bed/2.0-bath single-family listed at $290k.

Deal economics

• At list price, monthly cash flow is $-399 ($-5k/yr) — negative.
• To cash-flow at today's rent, offer at most $232k (19.9% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $209k (27.9% below list).
• Recommended offer: $209k (27.9% 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: 421 active listings in the ZIP; 22 comparable units currently listed for rent nearby; rentals at typical pace (median 15d on market — plan ~3-4 weeks tenant-placement turnaround); 19,194 units permitted in Collin County in 2024 (3,988 in 5+ unit buildings).

Forward outlook

• In year one you build about $31k of equity ($2k loan paydown + $29k 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 ~$50k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 114 days — a 9% lower offer ($264k) is reasonable based on typical stale-listing flexibility.

Recommended offer $209,019 (27.9% 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 114 days. Have you received any prior offers? Is the seller open to a 28% concession, seller financing, or rate buy-down credit?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
8. 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.
9. 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.
10. 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: 0.72% ✗
• Cap rate: 4.64%
• Cash-on-cash: -5.89%
• DSCR: 0.74
• GRM: 11.6

CMA / ARV

• ARV (median comp): $290,623
• List price: $289,950
• Delta: -0.23%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
505 Silver Birch Dr	0.11mi	5/2.0	1,938 (0%)	1mo	$269,990	$139	94
1133 Bristlecone Dr	0.16mi	4/2.0 (-1)	2,024 (+4%)	0mo	$324,990	$161	80
512 Saddle Blanket Dr	0.24mi	4/2.0 (-1)	2,024 (+4%)	2mo	$291,535	$144	74
407 Saddle Blanket Dr	0.17mi	4/2.0 (-1)	1,801 (-7%)	2mo	$273,990	$152	74
506 Saddle Blanket Dr	0.22mi	4/2.0 (-1)	1,801 (-7%)	1mo	$290,990	$162	72
516 Saddle Blanket Dr	0.26mi	4/3.0 (-1)	2,034 (+5%)	1mo	$301,490	$148	70
205 Weathered Way	0.47mi	4/2.0 (-1)	2,042 (+5%)	2mo	$342,990	$168	62
311 American Elm Dr	0.49mi	4/2.0 (-1)	2,037 (+5%)	3mo	$281,490	$138	61
505 Plum Dr	0.61mi	4/2.0 (-1)	1,891 (-2%)	3mo	$265,000	$140	60
1307 Community Way	0.60mi	4/2.0 (-1)	2,104 (+9%)	2mo	$265,000	$126	51
305 Silo Cir	0.67mi	4/2.0 (-1)	2,074 (+7%)	2mo	$259,999	$125	50
708 Wisteria Dr	0.75mi	4/2.5 (-1)	2,155 (+11%)	1mo	$255,000	$118	39

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: 20.1%
• Equity multiple: 2.63×
• Total profit: $132,592
• Equity at exit: $261,210

10-year hold

• IRR: 18.4%
• Equity multiple: 6.06×
• Total profit: $410,541
• Equity at exit: $563,309

Cash invested: $81,186 (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 →

ZIP-level market 75173

• Home prices YoY: 3.1%
• Active inventory: 421
• Price-to-rent: 11.6×

Monthly cashflow live

• Estimated rent: $2,090 high
• Mortgage (P&I): −$1,521
• Tax est. 1.5%: −$362 /mo · $4,349/yr
• Insurance: −$121
• HOA: −$46
• Vacancy / Maint / Mgmt: −$439
• Net cashflow: $-399

Break-even live

Break-even rent $2,595

Max offer price $232,283

Occupancy floor —

Sensitivity live

Price	-10% $-198	-5% $-298	+0% $-399	+5% $-499	+10% $-599
Rent	-10% $-564	-5% $-481	+0% $-399	+5% $-316	+10% $-233
Rate	-1.0pp $-253	-0.5pp $-325	base $-399	+0.5pp $-474	+1.0pp $-550

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: $72,488
• Closing costs: $8,698
• Reserves months: —
• Total cash needed: —

Rent comps 22 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
503 Saddle Blanket Dr Nevada, TX	4.0	3.0	2077	$2,190	$1.05	45d	1	0.19mi
504 Saddle Blanket Dr Nevada, TX	4.0	2.0	1649	$1,925	$1.17	8d	1	0.22mi
504 Saddle Blanket Dr Nevada, TX	4.0	2.0	1649	$1,949	$1.18	17d	1	0.22mi
1307 Community Way Royse City, TX	4.0	2.0	2104	$2,100	$1.00	45d	1	0.62mi
319 Plum Dr Nevada, TX	4.0	2.0	1587	$1,899	$1.20	12d	1	0.62mi
305 Silo Cir Royse City, TX	4.0	2.0	2074	$2,100	$1.01	26d	1	0.70mi
311 Milo Way Royse City, TX	4.0	2.0	2074	$2,200	$1.06	8d	1	0.76mi
802 Turnbuckle Ct Royse City, TX	4.0	2.0	1577	$1,849	$1.17	45d	1	0.87mi
1004 Cotton Gin Ct Royse City, TX	4.0	2.0	1875	$1,850	$0.99	14d	1	0.94mi
1501 Bridle Dr Josephine, TX	4.0	2.0	2081	$1,975	$0.95	45d	1	0.94mi
801 Meadow Creek Ln Josephine, TX	4.0	2.0	1757	$2,500	$1.42	6d	1	0.97mi
722 Windmill St Josephine, TX	4.0	2.0	1568	$2,190	$1.40	3d	1	0.99mi
800 Windmill St Josephine, TX	4.0	2.0	1843	$2,100	$1.14	9d	1	0.99mi
800 Windmill St Josephine, TX	4.0	2.0	1843	$2,100	$1.14	1d	1	0.99mi
1210 Honeysuckle Dr Josephine, TX	5.0	2.0	1995	$2,100	$1.05	14d	1	1.02mi
315 Pine Hollow Way Josephine, TX	4.0	3.0	2212	$2,300	$1.04	9d	1	1.04mi
813 Cottonwood Way Royse City, TX	4.0	3.0	2347	$2,350	$1.00	14d	1	1.09mi
711 Cistern Way Royse City, TX	4.0	2.0	2081	$1,975	$0.95	9d	1	1.10mi
1208 Fieldstone Ct Royse City, TX	4.0	2.0	1835	$2,000	$1.09	45d	1	1.11mi
1413 Thunder Canyon Way Josephine, TX	5.0	2.0	2006	$2,500	$1.25	45d	1	1.14mi
717 Cottonwood WAY Josephine, TX	4.0	3.0	2073	$2,125	$1.03	0d	1	1.14mi
816 Country Rd Royse City, TX	4.0	2.5	2080	$2,550	$1.23	0d	1	1.40mi

HOA detail

• Monthly dues: $46 · $552/yr

Listing history 19 events

1. 2026-06-21
   days on market $289,950 Active 114 DOM
2. 2026-06-18
   days on market $289,950 Active 111 DOM
3. 2026-06-17
   days on market $289,950 Active 110 DOM
4. 2026-06-16
   days on market $289,950 Active 109 DOM
5. 2026-06-15
   days on market $289,950 Active 108 DOM
6. 2026-06-13
   days on market $289,950 Active 106 DOM
7. 2026-06-13
   days on market $289,950 Active 105 DOM
8. 2026-06-09
   days on market $289,950 Active 102 DOM
9. 2026-06-08
   days on market $289,950 Active 101 DOM
10. 2026-06-07
    days on market $289,950 Active 100 DOM
11. 2026-06-04
    days on market $289,950 Active 97 DOM
12. 2026-06-03
    days on market $289,950 Active 96 DOM
13. 2026-06-02
    days on market $289,950 Active 95 DOM
14. 2026-06-01
    days on market $289,950 Active 94 DOM
15. 2026-05-31
    days on market $289,950 Active 93 DOM
16. 2026-05-11
    price $289,950 631-char remark

    Show marketing remark (631 chars)

    New! Spacious single story floor plan! Five bedrooms, two full baths, with open floor plan, and nice covered patio. Home includes, island kitchen, granite counters throughout, LED lighting, full sprinkler system, professionally engineered post tension foundation, and much more! Waverly Estates is a new D.R. Horton community in Josephine. The community is conveniently located just minutes from Interstate 30, providing easy access to Rockwall and the DFW Metroplex. Waverly Estates offers a variety of single-family homes. If you're looking for a new home in the Josephine area, Waverly Estates is the perfect community for you.

17. 2026-04-06
    price $285,990 631-char remark

    Show marketing remark (631 chars)

    New! Spacious single story floor plan! Five bedrooms, two full baths, with open floor plan, and nice covered patio. Home includes, island kitchen, granite counters throughout, LED lighting, full sprinkler system, professionally engineered post tension foundation, and much more! Waverly Estates is a new D.R. Horton community in Josephine. The community is conveniently located just minutes from Interstate 30, providing easy access to Rockwall and the DFW Metroplex. Waverly Estates offers a variety of single-family homes. If you're looking for a new home in the Josephine area, Waverly Estates is the perfect community for you.

18. 2026-03-11
    price $283,990 631-char remark

    Show marketing remark (631 chars)

    New! Spacious single story floor plan! Five bedrooms, two full baths, with open floor plan, and nice covered patio. Home includes, island kitchen, granite counters throughout, LED lighting, full sprinkler system, professionally engineered post tension foundation, and much more! Waverly Estates is a new D.R. Horton community in Josephine. The community is conveniently located just minutes from Interstate 30, providing easy access to Rockwall and the DFW Metroplex. Waverly Estates offers a variety of single-family homes. If you're looking for a new home in the Josephine area, Waverly Estates is the perfect community for you.

19. 2026-02-27
    listed $278,990 Active 631-char remark

    Show marketing remark (631 chars)

    New! Spacious single story floor plan! Five bedrooms, two full baths, with open floor plan, and nice covered patio. Home includes, island kitchen, granite counters throughout, LED lighting, full sprinkler system, professionally engineered post tension foundation, and much more! Waverly Estates is a new D.R. Horton community in Josephine. The community is conveniently located just minutes from Interstate 30, providing easy access to Rockwall and the DFW Metroplex. Waverly Estates offers a variety of single-family homes. If you're looking for a new home in the Josephine area, Waverly Estates is the perfect community for you.

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

Taxation est. · year 1

• Rental income: $25,082
• − Mortgage interest: −$16,242
• − Property taxes: −$4,349
• − Insurance: −$1,450
• − Repairs & maintenance: −$2,007
• − Management: −$2,007
• − HOA: −$552
• − Depreciation: −$8,435
• Taxable loss: −$9,958
• Est. tax savings @ 24.0%: +$2,390
• After-tax cash flow: $-2,392/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.

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

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

• Population (ZIP): 9,284

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%

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%

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

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

Price history

+3.9% since first listed

4 events — show timeline

• 2026-05-11 Price Changed $289,950 NTREIS
• 2026-04-06 Price Changed $285,990 NTREIS
• 2026-03-11 Price Changed $283,990 NTREIS
• 2026-02-27 Listed $278,990 NTREIS