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$265,000

NAL Estimated Property Value

216 Rubylace Dr, Princeton, TX, 75407

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,504 Sq Ft
price_per_sqft$185.51 / sqft
Year BuiltBuilt in 2022

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
AppliancesDryer, Electric Oven, Electric Range, Microwave, Refrigerator, Washer
FlooringCarpet, Tile

Building Information

Year Built2022
Stories1
Garage Spaces1

Land Information

APNR-12720-00A-0060-W
Lot Number6
SubdivisionBridgewater Phase 5 (Gcn)
Land UseResidential Single Family
Legal DescriptionBRIDGEWATER PHASE 5 (GCN), BLK A, LOT 6; ( SEE R-12720-00A-0060-1 FOR OTHER ENTITIES ) SEE R-12720-00A-0060-1 FOR OTHER ENTIT
Census Tract031008
Assessed Land Value$100,000
Assessed Improvement Value$96,147
Assessment Year2023

About this property

Come see this spectacular 4-bedroom home near Lake Lavon in the Desirable Bridgewater Community and take advantage of the $5000 Seller Concession and a 4.99% Assumable Loan, with 28 year remaining! This community has it all with exceptional amenities including 2 Large Swimming Pools, a Clubhouse, a Fitness Center, an 18-hole Miniature Golf Course, Playgrounds, a Park, Sports Courts, Sand-Beach Volleyball, Scenic Walking Trails, and Numerous Stocked Fishing Ponds. If you have a dog or are thinking of getting one, Bridgewater has its own Dog Park with a Dog Pond! The 2-year-old home is complete with a Well-Designed, Open Floorplan. As you enter you will be pulled in by the Inviting Entertaining Area with a white quartz Kitchen Breakfast Bar that opens to a Dining Area and a very Large Family Room. The Owner’s Suite has an en-suite bathroom and walk-in closet, while the 3 other bedrooms are ideal for household members, guests, or office space. The manicured, fenced backyard is perfect for entertaining and for pets. The optimal location is a short walk to elementary school, steps away from 2 ponds, and near one of the two community pools! This home is move-in ready! There are a number of nearby boat launches to Beautiful Lake Lavon for Fishing, Boating, and Paddle boarding. The north end of the lake has a popular, designated hunting area.

Investor Tools

Property Icon
$265,000
Estimated Property Value
$0Estimated Mortgage Balance
$265,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,674 /month
Positive
Cash Flow Estimate:
$558 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$349/month
$550/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$196,147
2023
$100,000
$96,147
$196,147
No

Tax History

Year
Tax Paid
Assessed Value
2022
N/A
$196,147

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$265,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,810/mo
$550/mo
+$2,260/mo
12.7%

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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216 Rubylace Dr | Property Details | No Agent List