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$434,000

NAL Estimated Property Value

1817 Michael Dr, Princeton, TX, 75407

Off MarketInfo
Beds5 Beds
Baths3 Bath
Baths2,866 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$0.91 / sqft
Year BuiltBuilt in 2019

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 3Bathrooms Full 3
AppliancesDishwasher, Disposal, Electric Oven, Electric Range, Microwave, Vented Exhaust Fan
FlooringCarpet, Ceramic Tile, Wood

Building Information

Year Built2019
Stories2
Garage Spaces2

Land Information

APNR-12141-00D-0070-1
Lot Number7
SubdivisionMorning Ridge Phase 1 (Cpn)
Land UseResidential
Legal DescriptionMORNING RIDGE PHASE 1 (CPN), BLK D, LOT 7
Census Tract031007
Assessed Land Value$100,000
Assessed Improvement Value$330,251
Assessment Year2025

About this property

Brand NEW MODEL home !!! No one lived in this house before! Dream home without the mortgage commitment !Stunning rental located in the up-and-coming city of Princeton. With its convenient driving distance from the serene Lake Lavon, this home offers the perfect blend of suburban tranquility & modern amenities. This space has been meticulously updated, ensuring a superb living experience. With a chef’s dream kitchen, featuring an oversized island, complemented by an elegant backsplash & light cabinetry, its ideal for culinary enthusiasts & entertaining. The focal point of the spacious living area is the fireplace, adorned with floor-to-ceiling designer tiles. The luxurious spa-like bathrooms , providing both convenience & a modern aesthetic. Tastefully painted throughout, incorporating pops of color & style! Step out back onto the covered patio where you can relax, unplug, and unwind. What are you waiting for? Embrace a lifestyle of comfort and style in this welcoming community, today!

Investor Tools

Property Icon
$434,000
Estimated Property Value
$200,304Estimated Mortgage Balance
$233,696Estimated Equity
53% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,604 /month
Positive
Cash Flow Estimate:
$868 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$804/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,477
$430,251
2025
$100,000
$330,251
$430,251
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,477
$430,251

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Herring Bank
Stand Alone First / Home Equity First Lien
$225,000
No
First
Sep 30, 2020
Oct 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$200,304
$233,696
53%
46%
$1,349/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,810/mo
$1,349/mo
+$1,461/mo
7.8%

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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1817 Michael Dr | Property Details | No Agent List