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$442,175

NAL Estimated Property Value

240 Teakwood Drive, Princeton, TX, 75407

Off MarketInfo
Beds4 Beds
Baths4 Bath
Baths2,637 Sq Ft
price_per_sqft$133.67 / sqft
Year BuiltBuilt in 2020

Property Lead Type:

Off-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3.5Bathrooms Full 3.5
AppliancesDishwasher, Disposal, Electric Range, Microwave, Plumbed For Ice Maker, Vented Exhaust Fan, Electric Water Heater, Water Heater
FlooringCarpet, Ceramic Tile

Exterior

Lot Size7.33 acres

Building Information

Year Built2020
Stories2
Garage Spaces2

Land Information

APNR-11974-00A-0090-1
Lot Number9
SubdivisionKingsbridge Addition (Cpn)
Land UseResidential
Legal DescriptionKINGSBRIDGE ADDITION (CPN), BLK A, LOT 9
Census Tract031003
Assessed Land Value$120,250
Assessed Improvement Value$321,925
Assessment Year2025

About this property

NEW CONSTRUCTION!! ONLY LOT WITH 5 ACRES in this NEW Princeton Subdivision! Gorgeous 4 bedrooms, 3.5 bath home in the city limits with plenty of room for the kids to roam. POND!Some Animals permitted! Home has beautiful tile in the entry, kitchen, dining area, utility room and baths. Granite counters in kitchen and master bath, 15 Seer HVAC, Custom cabinets with dark stain, R13 spray foam insulation in all exterior walls. Large bedrooms with roomy closets everywhere! Back patio and 6 ft cedar fenced yard with open acreage beyond that! Landscaping, sod and sprinklers included! BONUS—NO MUD or PID's here! Bring your horses, goats and kids and Come enjoy small town Princeton with all the amenities of the Big City!

Investor Tools

Property Icon
$442,175
Estimated Property Value
$305,522Estimated Mortgage Balance
$136,653Estimated Equity
30% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,653 /month
Positive
Cash Flow Estimate:
$884 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$882/month
$150/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,378
$442,175
2025
$120,250
$321,925
$442,175
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,378
$442,175

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Churchill Mortgage Corp
Conventional
$345,301
No
First
Jun 19, 2020
Jul 2035

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$305,522
$136,653
30%
69%
$2,071/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,810/mo
$2,221/mo
+$589/mo
7.6%

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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240 Teakwood Drive | Property Details | No Agent List