1106 Caroline DrPrincetonTX75407
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Princeton at 1106 Caroline Dr, Princeton, TX, 75407 offers $2,714/mo rent that, after a $1,471/mo payment, leaves $429/mo cash flow. Total monthly income is $2,714/mo, and annual cash flow is $5,153/yr on $99,616 cash. Return on cash invested measures 25.08% in year one, and rental yield stands at 10.84% at a $300,500 entry. Equity gained on principal adds $1,939/yr while 5% annual appreciation compounds into $83,023 by year five. Five-year ROI records 132.45% and total cumulative return in cash reaches $131,941. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,714/mo property income versus a $1,471/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2005
6,098 sqft lot
$N/A/sqft
$150 semi-annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75407, Princeton, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,154 (100%) |
| Owner Occupied HU | 13,677 (79.7%) |
| Renter Occupied HU | 2,597 (15.1%) |
| Vacant Housing Units | 880 ( 5.1%) |
| Median Home Value | $403,119 |
| Average Home Value | $463,002 |
Housing Distribution
Address Breakdown
Residential
16,425
Single Family
15,577
Multi-Family
848
Businesses
410
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Listed by: Susan Livingston • Coldwell Banker Apex, REALTORS
Mls Name: NTREIS
Mls ID: #20688616
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.