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$325,132

NAL Estimated Property Value

815 Cormorant St, Princeton, TX, 75407

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths1,992 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$177.71 / sqft
Year BuiltBuilt in 2021

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2.5Bathrooms Full 2.5
AppliancesDishwasher, Disposal, Gas Cooktop, Tankless Water Heater
FlooringCarpet, Tile, Vinyl

Building Information

Year Built2021
Stories2
Garage Spaces2

Land Information

APNR-12219-00C-0180-1
Lot Number18
SubdivisionWhitewing Trails Phase 1 (Cpn)
Land UseResidential
Legal DescriptionWHITEWING TRAILS PHASE 1 (CPN), BLK C, LOT 18
Census Tract031003
Assessed Land Value$100,000
Assessed Improvement Value$225,132
Assessment Year2025

About this property

Welcome to this charming two story 4-bed, 2.5-bath home in Whitewing Trails. This newer construction features an open and inviting floor plan, ideal for both entertaining and relaxation. The spacious living area flows seamlessly into the kitchen and dining space, complete with natural stone countertops, stainless steel appliances, and ample storage. The primary suite offers a private retreat with an ensuite bath and a generous walk-in-closet, providing plenty of space for storage and organization. The additional bedrooms offer versatility, perfect for family, guests, or a home office. Step outside to a large backyard with a covered patio—perfect for relaxing in your own private oasis. For added convenience, the home also features an epoxy-coated garage floor, tankless water heater, ceiling fans, and a gas stove. Prime location to shopping and dinning! This home is a must-see!

Investor Tools

Property Icon
$325,132
Estimated Property Value
$176,976Estimated Mortgage Balance
$148,156Estimated Equity
45% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,124 /month
Positive
Cash Flow Estimate:
$708 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$673/month
$516/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,451
$325,132
2025
$100,000
$225,132
$325,132
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,451
$325,132

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Dhi Mortgage Company Ltd
Conventional
$192,000
No
First
Mar 4, 2022
Apr 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$176,976
$148,156
45%
54%
$1,152/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,810/mo
$1,668/mo
+$1,142/mo
10.4%

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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815 Cormorant St | Property Details | No Agent List