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$304,116

NAL Estimated Property Value

311 Soap Tree Dr, Princeton, TX, 75407

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,656 Sq Ft
price_per_sqft$187.2 / sqft
Year BuiltBuilt in 2016

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
AppliancesDishwasher, Disposal, Electric Range, Microwave, Refrigerator
FlooringCarpet, Ceramic Tile

Exterior

Exterior FeaturesRain Gutters
Lot Size6,200 sqft

Building Information

Year Built2016
Stories1
Garage Spaces2

Land Information

APNR-10921-00N-0030-1
Lot Number3
SubdivisionCypress Bend No 2 (Cpn)
Land UseResidential
Legal DescriptionCYPRESS BEND NO 2 (CPN), BLK N, LOT 3
Census Tract031007
Assessed Land Value$100,000
Assessed Improvement Value$204,116
Assessment Year2025

About this property

This charming single story home has 4 BR (or 3 BD with study), 2 BA and has a large open concept floorplan. NO MUD OR PID and is located in the growing town of Princeton. Refrigerator, deep freezer, washer and dryer all to convey with acceptable offer. Lawn equipment is also available so no additional expenses after purchase. New roof July 2024 with 10 year transferrable warranty. Plenty of room for entertaining in the spacious living room with vaulted ceilings and abundant lighting. The kitchen is equipped with granite countertops, island, refrigerator, plenty of storage and open to the dining area and living room. This floorplan offers split bedrooms for added privacy. The exterior features a large backyard with covered patio, stone landscape edging in front, gutters and a full irrigation system. This location is conveniently located just off 380 and within minutes to downtown McKinney. Plenty of shopping and dining options nearby.

Investor Tools

Property Icon
$304,116
Estimated Property Value
$165,439Estimated Mortgage Balance
$138,677Estimated Equity
45% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,860 /month
Positive
Cash Flow Estimate:
$620 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$630/month
$338/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,044
$304,116
2025
$100,000
$204,116
$304,116
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,044
$304,116

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Imortgagecom Inc
Fha
$199,224
Yes
First
Oct 14, 2016
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$165,439
$138,677
45%
54%
$1,243/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,150/mo
$1,581/mo
+$569/mo
8.5%

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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311 Soap Tree Dr | Property Details | No Agent List