B+

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$284,574

1007 Longhorn Ln, Princeton, TX, 75407

Off Market

3 Beds

2 Bath

1,454 Sq Ft

Single Family Residence

$1.44 / sqft

Built in 2020

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3

Bathrooms Full 2

AppliancesDishwasher, Disposal, Gas Range, Tankless Water Heater

FlooringVinyl

Exterior

Exterior FeaturesLighting

Lot Size6,534 sqft

Building Information

Year Built2020

Stories1

Garage Spaces2

Land Information

APNR-11920-00F-0120-1

Lot Number12

SubdivisionWinchester Crossing Phase 1 (Cpn)

Land UseResidential

Legal DescriptionWINCHESTER CROSSING PHASE 1 (CPN), BLOCK F, LOT 12, ACRES 0.1500

Census Tract031007

Assessed Land Value$80,000

Assessed Improvement Value$204,574

Assessment Year2025

About this property

Energy efficient, Beautiful, and gently lived-in home (built 2020) with 3BR, 2Bath, 1Living, 1Dining Rm & 2Car Garage offers an open & functional layout and is still in immaculate condition. Light & Bright, Big family room adjacent to the kitchen. Kitchen with island, granite countertops, Tall cabinetry, walk-in pantry, stainless appliances, and gas range. Easy Maintenance and allergy-free laminate wood floor throughout the family, & kitchen. All BR has a newer carpet. Master BR has an ensuite bath & walk-in closet. The 2 secondary BR has each WalkInClosets & shares the full bath. CoveredPatio & BigBackyard. There are 2-car garage, Tankless water heater, big backyard with privacy fence, & sprinkler system. Community HOA offers a community swimming pool, pavilion, park & playground, and it is included in the rent. The owner pays for HOA. Strictly no smoking, No pet allowed, No section 8 voucher. Applicants must have stable jobs and a verifiable income of at least 3x of rent.

Investor Tools

$284,574

Estimated Property Value

$273,750Estimated Mortgage Balance

$30,856Estimated Equity

4% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,707 /month

Positive

Cash Flow Estimate:

$569 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$652/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$6,401

$284,574

2025

$80,000

$204,574

$284,574

Tax History

Year

Tax Paid

Assessed Value

2024

$6,401

$284,574

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Absolute Mortgage & Lending

Conventional

$273,750

First

Jun 16, 2022

Jul 2052

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$253,718

$30,856

10%

89%

$1,642/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,150/mo

$1,642/mo

+$508/mo

9.1%

Learn About the Market: Opportunity in Texas

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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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