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$474,900

1908 Fm 1377, Princeton, TX, 75407

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,525 Sq Ft
FarmFarm
price_per_sqft$188.08 / sqft
Year BuiltBuilt in 1956

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Gas Range, Refrigerator
FlooringCeramic Tile, Slate, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesFire Pit, Storage
Lot Size1.98 acres

Building Information

Year Built1956
Stories1
Garage Spaces3

Land Information

APNR-6950-001-0710-1
Lot Number71
SubdivisionIsaac Walters Survey
Land UseResidential
Legal DescriptionABS A0950 ISAAC WALTERS SURVEY, SHEET 1, TRACT 71, 1.982 ACRES
Census Tract031005
Assessed Land Value$227,930
Assessed Improvement Value$293,370
Assessment Year2025

About this property

BRING YOUR HORSES, GOATS & CHICKENS! RARE OPPORTUNITY to own a slice of heaven on almost 2 acres! Hobby Farm property tucked under tons of trees, adjacent to accessible Corp Of Eng land-6+ acres accessible for hiking & riding horses! This home has tons of character-open concept kitchen to living & dining, MSTR is seperate from other 3 bdrms, HUGE sun room (included in square feet), covered patio, NEW black stainless appl, metal roof(lifetime warranty), NEW HVAC(2019), above ground pool (approx 6 years old), HUGE fire pit, storm shelter(holds up to 9 people), barn (room for 5 stalls) & workshop with electricity! Frig stays! 15 minutes to Mckinney. Lake Lavon nearby. Garage conversion- room for storage.

Investor Tools

Property Icon
$521,300
Estimated Property Value
$435,100Estimated Mortgage Balance
$122,475Estimated Equity
17% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,128 /month
Positive
Cash Flow Estimate:
$1,043 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$588/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,447
$521,300
2025
$227,930
$293,370
$521,300
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,447
$521,300

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Texas Tech Fcu
Conventional
$435,100
No
First
Dec 21, 2021
Jan 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$398,825
$122,475
23%
77%
$2,609/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,150/mo
$2,609/mo
$-459/mo
4.9%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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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