1115 Parkway TrlPrincetonTX75407
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Total monthly income runs $2,108/mo, and a $2,398/mo payment. Purchase price stands at $490,000, and rental yield measures 5.16% with $2,108/mo rent. Return on cash invested shows 9.74% in year one, and 5% annual appreciation builds toward $135,378 over five years. Five-year ROI reaches 49.53% and total cumulative return in cash records $80,448. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,108/mo property income covering a $2,398/mo payment rather than investor’s personal income.
Multi Family
Built in 2008
7,797 sqft lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sridhar Kothalanka • Mersal Realty
Mls Name: NTREIS
Mls ID: #20748748
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.