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$290,461

NAL Estimated Property Value

305 Madison Way, Princeton, TX, 75407

Off MarketInfo
LeaseInfo
Beds3 Beds
Baths3 Bath
Baths1,605 Sq Ft
price_per_sqft$1.09 / sqft
Year BuiltBuilt in 2021

Highlights

Interior

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

Building Information

Year Built2021
Stories2
Garage Spaces2

Land Information

APNR-12299-00A-0280-1
Lot Number28
SubdivisionMonticello Park - Phase 2(Cpn)
Land UseResidential
Legal DescriptionMONTICELLO PARK - PHASE 2(CPN), BLK A, LOT 28
Census Tract031005
Assessed Land Value$100,000
Assessed Improvement Value$190,461
Assessment Year2025

About this property

Beautiful brand new home in Princeton, Texas. Priced to rent and won't be around for long. new carpet, new granite countertops, new white quartz in the bathrooms, new Whirlpool stainless-steel appliance, new wood floor, and everything is new! Open floor plan with kitchen, three bedrooms, two and a half baths, and an attached two-car garage. Enjoy the private backyard with your friends and family. Lots of natural light, Easy access to Hwy 380 and 75. Master bedroom and another two bed rooms are upstairs. Half bath room down stairs. Application fee $50. Please use TAR application form. The rent for the first 6 months is $1750 per month, and for the second 6 months, it will be $1850.

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$589/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,612
$290,461
2025
$100,000
$190,461
$290,461
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,612
$290,461

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Velocio Mortgage Llc
Conventional
$233,242
No
First
Oct 26, 2021
Nov 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$212,993
$77,468
26%
73%
$1,399/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,150/mo
$1,399/mo
+$751/mo
8.9%

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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305 Madison Way | Property Details | No Agent List