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$369,900

1501 Slate St, Princeton, TX, 75407

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,891 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$195.61 / sqft
Year BuiltBuilt in 2017

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Electric Range, Microwave
FlooringCarpet, Ceramic Tile

Exterior

Exterior FeaturesRain Gutters

Building Information

Year Built2017
Stories1
Garage Spaces2

Land Information

APNR-11279-00E-0090-1
Lot Number9
SubdivisionTrails At Riverstone Phase 2, The (Cpn)
Land UseResidential
Legal DescriptionTRAILS AT RIVERSTONE PHASE 2, THE (CPN), BLK E, LOT 9
Census Tract031003
Assessed Land Value$105,000
Assessed Improvement Value$225,089
Assessment Year2025

About this property

LOVELY HOME LOCATED ON LARGER CORNER LOT WITHIN MINUTES OF SHOPPING, DINNING, MCKINNEY AND 75 TOLLWAYS. This home welcomes you with an open floor plan perfect for entertaining. Living space includes 4 bedrooms, 2.5 full baths. Kitchen boasts a sizable island, plenty of cabinetry, granite countertops & SS appliances and walk in pantry. Kitchen is open to the family room.The primary bedroom includes a walk in shower & larger walk-in closet.Within walking distance to the community pool, splash pad and park.

Investor Tools

Property Icon
$330,089
Estimated Property Value
$337,209Estimated Mortgage Balance
$18,694Estimated Equity
-2% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,219 /month
Positive
Cash Flow Estimate:
$740 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$674/month
$450/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,433
$330,089
2025
$105,000
$225,089
$330,089
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,433
$330,089

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Rocket Mortgage Llc
Conventional
$337,209
No
First
Apr 21, 2022
May 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$311,395
$18,694
5%
94%
$2,022/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,810/mo
$2,472/mo
+$338/mo
10.2%

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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1501 Slate St | Property Details | No Agent List