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Owner Contacts

$310,000

NAL Estimated Property Value

887 Poppy Cove Ln, Princeton, TX, 75407

Off Market

3 Beds

2 Bath

1,563 Sq Ft

$203.45 / sqft

Built in 2024

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3

Bathrooms Full 2

AppliancesDishwasher, Electric Range, Microwave

Building Information

Year Built2024

Stories1

Garage Spaces2

Land Information

APNR-12893-00F-0110-1

Lot Number11

SubdivisionLake Meadow Phase 2 (Gcn)

Land UseResidential

Legal DescriptionLAKE MEADOW PHASE 2 (GCN), BLK F, LOT 11

Census Tract031006

Assessed Land Value$100,000

Assessed Improvement Value$194,208

Assessment Year2025

About this property

ASSUMABLE 4.75% LOAN-SEE BELOW FOR DETAILS. This beautifully maintained home offers a thoughtfully designed and functional floorplan, featuring an open-concept living area, a dedicated home office, and spacious bedrooms to suit today’s modern lifestyle. Situated on a desirable lot that backs to serene trees, you'll enjoy added privacy and peaceful outdoor living right in your own backyard. A standout feature of this property is the incredible financing opportunity: an assumable VA loan at 4.75%, available to buyers using their own VA entitlement with a full-price offer. Lock in a below-market interest rate and save significantly over the life of your loan. Additional perks include 2024 appliances—refrigerator, washer, and dryer all convey—as well as transferable warranties that provide added peace of mind from day one. This is a rare opportunity to own a move-in ready home with flexible space, smart financial advantages, and lasting value. Don’t miss out on this move-in ready home with flexible space, modern upgrades, and unbeatable value. Schedule your private tour of 887 Poppy Cove Ln today!

Investor Tools

$310,000

Estimated Property Value

$293,656Estimated Mortgage Balance

$16,344Estimated Equity

5% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,908 /month

Positive

Cash Flow Estimate:

$636 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$200/month

$175/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$856

$294,208

2025

$100,000

$194,208

$294,208

Tax History

Year

Tax Paid

Assessed Value

2024

$856

$294,208

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Pulte Mortgage Llc

$302,659

Yes

First

Sep 10, 2024

Oct 2054

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$293,656

$16,344

95%

$1,815/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,150/mo

$1,990/mo

+$160/mo

8.3%

Learn About the Market: Opportunity in Texas

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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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