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Owner Contacts

$362,200

NAL Estimated Property Value

211 Michael Dr, Princeton, TX, 75407

Off Market

3 Beds

2 Bath

1,838 Sq Ft

Single Family Residence

$193.09 / sqft

Built in 2023

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3

Bathrooms Full 2

AppliancesDishwasher, Disposal, Gas Cooktop, Gas Oven, Gas Range, Microwave

FlooringCarpet, Ceramic Tile

Building Information

Year Built2023

Stories1

Garage Spaces2

Land Information

APNR-12141-00B-0070-1

Lot Number7

SubdivisionMorning Ridge Phase 1 (Cpn)

Land UseResidential

Legal DescriptionMORNING RIDGE PHASE 1 (CPN), BLK B, LOT 7

Census Tract031007

Assessed Land Value$100,000

Assessed Improvement Value$262,200

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 dual sinks, walk-in shower, large soaking tub & large walk in closet. 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, 119 Michael, 201 Michael & 305 Nathan which offer different floorplans and color palettes. See private remarks.

Investor Tools

$362,200

Estimated Property Value

$337,094Estimated Mortgage Balance

$25,106Estimated Equity

6% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$2,173 /month

Positive

Cash Flow Estimate:

$724 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$599/month

$966/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$5,379

$362,200

2025

$100,000

$262,200

$362,200

Tax History

Year

Tax Paid

Assessed Value

2024

$5,379

$362,200

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Navy Fcu

$354,900

Yes

First

Aug 25, 2023

Sep 2053

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$337,094

$25,106

93%

$2,128/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,150/mo

$3,094/mo

$-944/mo

7.1%

Learn About the Market: Opportunity in Texas

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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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