1221 Hopes Lake 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 1221 Hopes Lake Dr, Princeton, TX, 75407 generates $2,783/mo in rent and, after a $1,657/mo payment, leaves $376/mo in cash flow. Total monthly income is $2,783/mo, and annual cash flow is $4,508/yr on $112,209 invested. Return on cash invested sits at 23.93% in year one, and rental yield is 9.87% on a $338,490 entry. Equity gained on principal adds $2,184/yr, while 5% annual appreciation builds toward $93,519 over five years. Five-year ROI reaches 125.6% and total cumulative return in cash sums $140,940. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,783/mo property income rather than buyer’s personal income.
Single Family
Built in 2026
7,318 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
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