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$190,000

NAL Estimated Property Value

503 E Willow Lane, Princeton, TX, 75407

$206,086 ARVInfo
Off MarketInfo
Beds4 Beds
Baths1 Bath
Baths1,396 Sq Ft
price_per_sqft$107.45 / sqft
Year BuiltBuilt in 1970

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 1.5Bathrooms Full 1.5
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesGas Range, Refrigerator
FlooringCarpet, Ceramic Tile, Laminate

Exterior

Exterior FeaturesStorage

Building Information

Year Built1970
Stories1
Roof Type105
Garage Spaces1

Land Information

APNR-0962-003-0110-1
Lot Number11
SubdivisionPrinceton Estates Subdivision (Cpn)
Land UseResidential
Legal DescriptionPRINCETON ESTATES SUBDIVISION (CPN), BLK 3, LOT 11
Census Tract031005
Assessed Land Value$60,000
Assessed Improvement Value$125,428
Assessment Year2025

About this property

Great opportunity to own this cute home in Princeton within walking distance to Godwin Elementary. Ideal home for a new family starting out or one looking to downsize. Perfect from the cozy living area to the charming kitchen with dark cabinets, granite counter tops and gas stove. Huge utility offers an abundance of extra storage space, cabinets and room for a freezer or second refrigerator. Both refrigerators can convey with home. Large backyard with patio is great for entertaining family and friends. Garage has been converted and can be used as 2nd living area or 4th bedroom. Don't miss out on this one! Buyer to obtain new survey.

Investor Tools

Property Icon
$190,000
Estimated Property Value
$103,272Estimated Mortgage Balance
$86,728Estimated Equity
45% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$206,086
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,140 /month
Positive
Cash Flow Estimate:
$380 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$395/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,786
$185,428
2025
$60,000
$125,428
$185,428
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,786
$185,428

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Texas Bank Financial
Conventional
$120,000
No
First
May 9, 2019
Jun 2039

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$103,272
$86,728
45%
54%
$720/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,710/mo
$720/mo
+$990/mo
10.8%

City: Princeton

503 E Willow Lane | Property Details | No Agent List