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$685,000

815 W Cook St, Josephine, TX, 75173

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths1,776 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$385.7 / sqft
Year BuiltBuilt in 1986

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
Garage AvailableGarage Available
AppliancesDouble Oven, Electric Cooktop, Electric Oven, Microwave
FlooringCarpet, Ceramic Tile, Luxury Vinyl Plank, Tile

Exterior

Exterior FeaturesGarden, Rain Gutters, Storage
Lot Size2.99 acres

Building Information

Year Built1986
Stories1
Garage Spaces2

Land Information

APNR-6686-001-0250-1
Lot Number25
SubdivisionSamuel Pugh Survey
Land UseResidential
Legal DescriptionABS A0686 SAMUEL PUGH SURVEY, SHEET 1, TRACT 25, 2.991 ACRES
Census Tract031201
Assessed Land Value$209,370
Assessed Improvement Value$222,680
Assessment Year2026

About this property

Commercial opportunity on 2.991 acres with 181 feet of frontage on busy FM 6 in Josephine, Collin County. Planning & Zoning approval for a commercial zoning change was previously obtained, & the neighboring property has already sold for commercial use, as have a couple of other homes along this stretch. Ideal for a developer with a vision for this growing community, or an investor who wants an income producing rental while development or investment plans take shape. The existing brick single family home offers rental income potential from the start, while a 24 x 24 workshop with water & electricity, two carports, a separate storage building & multiple parking pads add flexibility for equipment, storage or an owner user operation. No flood zone & is served by overhead electric & a lateral line septic system. Meeting notes from the public city meetings are available in addition to full property features list that outlines the residential details.

Investor Tools

$255,252Estimated Mortgage Balance
$176,798Estimated Equity
40% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,110 /month
Positive
Cash Flow Estimate:
$1,370 /month

Interested in this property?

Patty Turner

Keller Williams Rockwall

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$595/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,978
$432,050
2026
$209,370
$222,680
$432,050
No

Tax History

Year
Tax Paid
Assessed Value
2025
$4,978
$432,050

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Integrity Mortgage Corporation Of Texas
Conventional
$285,000
No
First
Apr 30, 2021
May 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$255,252
$176,798
40%
59%
$1,709/mo

City: Josephine

815 W Cook St | Property Details | No Agent List