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$353,242

NAL Estimated Property Value

401 Covington Cove, Princeton, TX, 75407

Off MarketInfo
LeaseInfo
Beds4 Beds
Baths3 Bath
Baths2,258 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1.02 / sqft
Year BuiltBuilt in 2021

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Microwave, Refrigerator
FlooringCarpet, Vinyl

Exterior

Exterior FeaturesRain Gutters

Building Information

Year Built2021
Stories2
Garage Spaces2

Land Information

APNR-12300-00A-0120-1
Lot Number12
SubdivisionMonticello Park - Phase 1(Cpn)
Land UseResidential
Legal DescriptionMONTICELLO PARK - PHASE 1(CPN), BLK A, LOT 12
Census Tract031005
Assessed Land Value$109,250
Assessed Improvement Value$243,992
Assessment Year2025

About this property

Welcome to this stunning two-story home available for lease! Nestled in the thriving Monticello subdivision, this residence boasts 4 bedrooms, 3 full baths, and elegant wood-like floors throughout. The spacious kitchen is a chef's delight, showcasing granite countertops, an oversized island, and top-of-the-line stainless steel appliances, complete with a refrigerator included! Outside, a generously sized backyard sets the stage for enjoyable outdoor gatherings and barbecues. With its convenient proximity to McKinney, Frisco, and Plano, commuting is a breeze, while nearby shopping areas, restaurants, and easy access to HWY 380 and 75 ensure everyday convenience. For recreation, residents can enjoy the community playground and ample green space, perfect for nature enthusiasts. Don't miss out on the opportunity to call this beautiful home yours!

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$715/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,814
$353,242
2025
$109,250
$243,992
$353,242
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,814
$353,242

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Velocity Commerical Capital Llc
Commercial
$253,393
No
First
Aug 11, 2021
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$230,517
$122,725
34%
65%
$1,520/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,810/mo
$1,520/mo
+$1,290/mo
9.5%

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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401 Covington Cove | Property Details | No Agent List