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$367,671

NAL Estimated Property Value

119 Michael Dr, Princeton, TX, 75407

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,800 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$197.17 / sqft
Year BuiltBuilt in 2023

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
AppliancesDishwasher, Disposal, Gas Cooktop, Gas Oven, Gas Range, Microwave
FlooringCarpet, Tile

Building Information

Year Built2023
Stories1
Garage Spaces2

Land Information

APNR-12141-00B-0130-1
Lot Number13
SubdivisionMorning Ridge Phase 1 (Cpn)
Land UseResidential
Legal DescriptionMORNING RIDGE PHASE 1 (CPN), BLK B, LOT 13
Census Tract031007
Assessed Land Value$100,000
Assessed Improvement Value$267,671
Assessment Year2025

About this property

Beautiful NEW CONSTRUCTION home in a great location within easy reach of great schools, lakes, shopping, dining & more. This home offers 3 bedrooms & 2 bathrooms. The open concept design of the main area creates a spacious feel, perfect for entertaining or spending time with family. The living room has large windows for natural light to flood the space. The kitchen is equipped with modern stainless-steel appliances, granite countertops, ample storage & pantry. The spacious primary bedroom includes an ensuite bathroom with double sink vanity, walk-in shower & large soaking tub. The 2-car garage provides plenty of room for vehicles & additional storage. The backyard is the perfect size for plenty of outdoor activities. If this floorplan does not suit your client's needs, there are other homes that are listed or close to being finished. Specifically, 115 Michael, 201 Michael & 211 Michael which offer different floorplans and color palettes. See private remarks.

Investor Tools

Property Icon
$367,671
Estimated Property Value
$336,524Estimated Mortgage Balance
$31,147Estimated Equity
8% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,206 /month
Positive
Cash Flow Estimate:
$735 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$601/month
$966/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$367,671
2025
$100,000
$267,671
$367,671
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$367,671

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Clm Mortgage Inc
Va
$354,900
Yes
First
Jul 3, 2023
Aug 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$336,524
$31,147
8%
92%
$2,128/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,150/mo
$3,094/mo
$-944/mo
7.0%

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: Princeton

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119 Michael Dr | Property Details | No Agent List