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$2,150

242 Lake Erie Drive, Princeton, TX, 75407

On MarketInfo
LeaseInfo
Beds3 Beds
Baths3 Bath
Baths2,133 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1.01 / sqft
Year BuiltBuilt in 2024

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2.5Bathrooms Full 2.5
AppliancesDishwasher, Disposal, Electric Cooktop, Microwave

Exterior

Exterior FeaturesPrivate Yard

Building Information

Year Built2024
Stories2
Garage Spaces2

Land Information

APNR-12652-00A-0030-1
Lot Number3
SubdivisionLake Meadow Phase 1 (Gcn)
Land UseResidential
Legal DescriptionLAKE MEADOW PHASE 1 (GCN), BLK A, LOT 3
Census Tract031006
Assessed Land Value$100,000
Assessed Improvement Value$220,212
Assessment Year2025

About this property

This beautifully maintained 3-bedroom, 2.5-bathroom home has been barely lived in and is in excellent condition. The open-concept main floor features a spacious family room that flows seamlessly into the kitchen and breakfast area, creating the perfect space for everyday living and entertaining. A convenient half bath is also located downstairs. Upstairs, you'll find all three bedrooms, a versatile game room, and the laundry room, offering both comfort and functionality. With its thoughtful layout, modern feel, and like-new condition, this home is move-in ready. If the large backyard wasn't enough, you are located right across the street from the open field and park. No neighbor in front or behind you! Pets considered on a case by case basis. Washer, dryer and fridge all come with the home. Applications required for anyone over 18 yrs old. Application fee $60. Security deposit based on application and credit. Security deposit due at lease signing along with $100 lease administration fee.

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Kenny Kelly

K. Kelly Homes

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$213/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$856
$320,212
2025
$100,000
$220,212
$320,212
No

Tax History

Year
Tax Paid
Assessed Value
2024
$856
$320,212

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Pulte Mortgage Llc
Conventional
$228,990
No
First
Sep 27, 2024
Oct 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$221,826
$117,174
34%
65%
$1,373/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,150/mo
$1,373/mo
+$777/mo
7.6%

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.

Explore Texas Explore This Area
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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