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$260,000

318 Mahogany Ln, Princeton, TX, 75407

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,481 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1.15 / sqft
Year BuiltBuilt in 2024

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
AppliancesDishwasher, Disposal, Electric Cooktop, Microwave, Refrigerator, Washer

Building Information

Year Built2024
Stories1
Garage Spaces2

Land Information

APNR-12958-00E-0240-1
Lot Number24
SubdivisionBridgewater
Land UseResidential Single Family
Legal DescriptionBRIDGEWATER PHASE 6 (GCN), BLK E, LOT 24
Census Tract031008
Assessed Land Value$100,000
Assessed Improvement Value$160,000
Assessment Year2025

About this property

REFRIGERATOR, WASHER AND DRYER INCLUDED 1,487 SQ FT! 3 bedroom, 2 bath home in Bridgewater community! This single-story home boasts two flexible secondary bedrooms situated near the foyer, which leads directly into the spacious living area made up by the kitchen, dining room and family room with plenty of natural light . The home offers 3 nicely sized bedrooms. The master enjoys privacy situated at the end of the home with its own bathroom and walk-in closet. 2024 build with modern upgrades. Open concept, great for entertaining with beautiful luxury vinyl plank flooring throughout all common areas. Eat-in kitchen boasts granite countertops, a pantry. The lease is inclusive of all appliances which will be provided at the time of moving. The community offers clubhouse, fitness center, swimming pool lazy river, a splash pad, a mini golf course, scenic trails, playgrounds, fishing ponds, volleyball court, community pond and man made beach. Require good rent-to-income ratio, credit score and clean background

Investor Tools

Property Icon
$260,000
Estimated Property Value
$175,000Estimated Mortgage Balance
$90,745Estimated Equity
33% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,560 /month
Positive
Cash Flow Estimate:
$520 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$173/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$773
$260,000
2025
$100,000
$160,000
$260,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$773
$260,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Lennar Mortgage Llc
Conventional
$175,000
No
First
Jul 23, 2024
Aug 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$169,255
$90,745
34%
65%
$1,050/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,150/mo
$1,050/mo
+$1,100/mo
9.9%

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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318 Mahogany Ln | Property Details | No Agent List