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$317,472

1511 Meadow Creek Drive, Princeton, TX, 75407

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,897 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$121.24 / sqft
Year BuiltBuilt in 2016

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
AppliancesElectric Cooktop, Microwave
FlooringCarpet, Ceramic Tile

Building Information

Year Built2016
Stories1
Garage Spaces2

Land Information

APNR-11035-00J-0270-1
Lot Number27
SubdivisionAbbey Crossing At Forest Grove Phase 2 (
Land UseResidential
Legal DescriptionABBEY CROSSING AT FOREST GROVE PHASE 2 (CPN), BLK J, LOT 27
Census Tract031003
Assessed Land Value$100,000
Assessed Improvement Value$217,472
Assessment Year2025

About this property

IMMACULATE 4 bedroom home in green belt location, built in 2016 by DR Horton. As soon as you step inside this lovely home, you will feel welcomed. Beautifully Well-maintained home with an open floor plan. Greatly sized bedrooms. Split bedrooms and a private master suite in the back of the home.Faux fireplaces. Large living area and kitchen with an open concept. Granite counters in kitchen with lots of cabinets. Walk to the community pool, playground, and Elementary school is within walking distance!. New middle school in 2019.

Investor Tools

Property Icon
$317,472
Estimated Property Value
$0Estimated Mortgage Balance
$118,066Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,905 /month
Positive
Cash Flow Estimate:
$635 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$662/month
$300/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,362
$317,472
2025
$100,000
$217,472
$317,472
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,362
$317,472

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cmg Mortgage Inc
Fha
$225,834
Yes
First
May 15, 2020
Jun 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$199,406
$118,066
37%
63%
$1,354/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,810/mo
$1,654/mo
+$1,156/mo
10.6%

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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1511 Meadow Creek Drive | Property Details | No Agent List