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$399,990

509 Covington Cove, Princeton, TX, 75407

On MarketInfo
Beds4 Beds
Baths4 Bath
Baths2,697 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$148.31 / sqft
Year BuiltBuilt in 2022

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2.5Bathrooms Full 2.5
AppliancesDishwasher, Disposal, Microwave

Building Information

Year Built2022
Stories2
Garage Spaces2

Land Information

APNR-12300-00J-0440-1
Lot Number44
SubdivisionMonticello Park - Phase 1(Cpn)
Land UseResidential
Legal DescriptionMONTICELLO PARK - PHASE 1(CPN), BLK J, LOT 44
Census Tract031005
Assessed Land Value$99,750
Assessed Improvement Value$292,479
Assessment Year2025

About this property

Welcome to this spacious and well-maintained 4-bedroom, 3.5-bathroom home nestled in one of Princeton’s most sought-after communities. This home features an inviting open floor plan, perfect for entertaining and everyday living. The kitchen opens up to the main living area, creating a seamless flow throughout the space. The layout includes a generously sized primary suite with a private ensuite bathroom, as well as a second bedroom with its own full bath, ideal for guests or multi-generational living. All bedrooms offer ample space and natural light. Step outside to enjoy the great backyard, perfect for entertaining—plenty of space for gatherings, grilling, or relaxing under the Texas sky. Located just minutes from shopping, dining, parks, and schools, this home combines comfort, convenience, and community. Whether you're looking for your forever home or your next investment, this one checks all the boxes! ?? Don’t miss your opportunity—schedule your showing today!

Investor Tools

$254,065Estimated Mortgage Balance
$141,935Estimated Equity
35% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,400 /month
Positive
Cash Flow Estimate:
$800 /month

Interested in this property?

Ben Caballero

Novus Real Estate

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$687/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,261
$392,229
2025
$99,750
$292,479
$392,229
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,261
$392,229

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Pmac Lending Services Inc
Conventional
$254,800
No
First
Mar 4, 2026
Apr 2056

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$254,065
$141,935
35%
64%
$1,528/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,810/mo
$1,528/mo
+$1,282/mo
8.5%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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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509 Covington Cove | Property Details | No Agent List