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$238,000

NAL Estimated Property Value

214 Lemongrass Dr, Princeton, TX, 75407

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths1,042 Sq Ft
price_per_sqft$230.23 / sqft
Year BuiltBuilt in 2022

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
AppliancesDishwasher, Electric Range, Microwave

Building Information

Year Built2022
Stories1
Garage Spaces2

Land Information

APNR-12604-0FF-0280-1
Lot Number28
SubdivisionBridgewater Phase 4c (Gcn)
Land UseResidential
Legal DescriptionBRIDGEWATER PHASE 4C (GCN), BLK FF, LOT 28
Census Tract031008
Assessed Land Value$100,000
Assessed Improvement Value$129,624
Assessment Year2025

About this property

Welcome to a charming home in a prime location! Nestled in the brand-new Bridgewater neighborhood, this 2-bedroom home offers easy access to local schools, parks, shopping, and restaurants, and its location makes your daily commute a breeze. Inside, the open concept living space’s inviting natural color palette creates a warm, peaceful atmosphere throughout, with just enough room to make life convenient without any extra work. Outside, a fenced-in backyard provides a safe, private haven for relaxation and play. Don't miss the large added concrete patio!

Investor Tools

Property Icon
$238,000
Estimated Property Value
$213,646Estimated Mortgage Balance
$24,354Estimated Equity
10% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,439 /month
Positive
Cash Flow Estimate:
$480 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$473/month
$550/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,484
$229,624
2025
$100,000
$129,624
$229,624
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,484
$229,624

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Sfmc Lp
Conventional
$222,198
No
First
Oct 31, 2022
Nov 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$213,646
$24,354
10%
90%
$1,373/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,710/mo
$1,923/mo
$-213/mo
8.6%

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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214 Lemongrass Dr | Property Details | No Agent List