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$313,047

NAL Estimated Property Value

2118 Meadow Park Dr, Princeton, TX, 75407

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,901 Sq Ft
price_per_sqft$141.5 / sqft
Year BuiltBuilt in 2015

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Microwave, Refrigerator
FlooringCarpet, Vinyl

Exterior

Exterior FeaturesPrivate Yard

Building Information

Year Built2015
Stories1
Garage Spaces2

Land Information

APNR-10471-00V-0270-1
Lot Number27
SubdivisionAbbey Crossing Phase Iii (Cpn)
Land UseResidential
Legal DescriptionABBEY CROSSING PHASE III (CPN), BLK V, LOT 27
Census Tract031003
Assessed Land Value$100,000
Assessed Improvement Value$213,047
Assessment Year2025

About this property

$16,000 PRICE IMPROVEMENT AND PRICED WAY BELOW MARKET!! Don't miss this opportunity with no MUD or PID and low HOA dues for added monthly savings - a rare find in this area! Welcome to this well maintained home with fantastic curb appeal and a private backyard. This spacious single story home has an open concept layout creating flexible living and dining spaces. With 4 bedrooms, 2 bathrooms and 1901sf, it offers plenty of space to spread out and enjoy. The homes exterior is complimented by custom landscape edging, a covered back patio, insulated garage door and ceiling, full irrigation system and gutters. The community offer a pool, splash pad, playgrounds, and walking trails. J.M. Caldwell Community Park is located just a few blocks away with plenty of outdoor fun, including sports fields, a dog park, disc golf, and picnic areas. Conveniently located just off Hwy 380 with quick access to downtown McKinney. Lake Lavon, dining, shopping, and local amenities all just minutes away. Walking distance to Smith Elementary School. This home offers exceptional value and opportunity. Refrigerator, washer and dryer convey with acceptable offer.

Investor Tools

Property Icon
$313,047
Estimated Property Value
$159,201Estimated Mortgage Balance
$153,846Estimated Equity
49% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,878 /month
Positive
Cash Flow Estimate:
$626 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$524/month
$210/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,722
$313,047
2025
$100,000
$213,047
$313,047
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,722
$313,047

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Wells Fargo Bank Na
Conventional
$175,000
No
First
Sep 22, 2021
Oct 2036

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$159,201
$153,846
49%
51%
$1,050/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,810/mo
$1,260/mo
+$1,550/mo
10.8%

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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2118 Meadow Park Dr | Property Details | No Agent List