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Days32Days on Market
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$2,495

712 Melody Hill Dr, Princeton, TX, 75071

On MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,040 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1.22 / sqft
Year BuiltBuilt in 2025

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
AppliancesDishwasher, Disposal, Dryer, Gas Range, Microwave, Refrigerator, Washer
FlooringCarpet, Tile, Wood

Exterior

Exterior FeaturesRain Gutters

Building Information

Year Built2024
Stories2
Garage Spaces1

Land Information

APNR-13317-00A-0170-1
Lot Number17
SubdivisionEastridge
Land UseResidential Single Family
Legal DescriptionEASTRIDGE PHASE 5 (CPN), BLK A, LOT 17
Census Tract031003
Assessed Land Value$70,200
Assessed Improvement Value$100,235
Assessment Year2025

About this property

Brand New Home Built by Trophy Signature Homes. Four Bedrooms with Three Full Baths. Open Floor Plan with High Ceiling. Large Kitchen with Quartz Counter Top, Gas Range Cooktop, 42 Inch Cabinets with Stainless Steel Appliances. Large Kitchen Island. The Master Suite is a Haven with Enough Room for a Seating Area and a Spectacular Bath. Perfect Separate Private Suite Down. Two Large Bedrooms Up with a Shared Bath. Refrigerator, Washer and Dryer are Included. Great Value! Don't Miss This One!

Investor Tools

Property Icon
$331,000
Estimated Property Value
$197,990Estimated Mortgage Balance
$137,690Estimated Equity
40% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,986 /month
Positive
Cash Flow Estimate:
$662 /month

Interested in this property?

Pei-Wen Ting

Grand Ark LLC

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$345/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$170,435
2025
$70,200
$100,235
$170,435
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$170,435

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Sfmc Lp
Conventional
$197,990
No
First
Mar 19, 2025
Apr 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$193,909
$157,091
44%
59%
$1,188/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,700/mo
$1,188/mo
+$1,512/mo
9.8%

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.

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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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712 Melody Hill Dr | Property Details | No Agent List