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Days288Days on Market
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$4,150

506 Melody Hill Drive, Princeton, TX, 75071

On MarketInfo
LeaseInfo
Beds4 Beds
Baths3 Bath
Baths2,055 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$2.02 / sqft
Year BuiltBuilt in 2024

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2.5Bathrooms Full 2.5
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Microwave, Tankless Water Heater, Vented Exhaust Fan
FlooringCarpet, Ceramic Tile

Building Information

Year Built2024
Stories2
Garage Spaces2

Land Information

APNR-13317-00D-0080-1
Lot Number8
SubdivisionEastridge
Land UseResidential Single Family
Legal DescriptionEASTRIDGE PHASE 5 (CPN), BLK D, LOT 8
Census Tract031003
Assessed Land Value$90,000
Assessed Improvement Value$257,989
Assessment Year2025

About this property

Fully furnished, brand new, energy-efficient home available for lease! Turn the kids loose in the open second-story loft space while hosting downstairs in the open concept living area. The private main level primary suite features dual sinks and walk-in closet for ample storage. Spend the weekends debating what activity to do in this amenity-filled community, make a splash in the resort-style pool, pick up a game of basketball, or let the kids loose on the playground. With quick access to US 380, tenants will enjoy the benefits of a short commute to downtown McKinney, Frisco, or Richardson to enjoy nearby shopping and entertainment. The Buyer and Buyer's agent are responsible for verifying all room measurements and schools.

Interested in this property?

Karrington Realty

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$145/month
$780/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$347,989
2025
$90,000
$257,989
$347,989
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$347,989

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Fundloans Capital
Conventional
$304,300
No
First
Nov 13, 2024
Dec 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$296,181
$51,808
14%
85%
$1,825/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,520/mo
$2,605/mo
+$915/mo
12.1%

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.

Explore Texas Explore This Area
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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506 Melody Hill Drive | Property Details | No Agent List