1243 Cherrybark 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
Investment property for sale in Princeton at 1243 Cherrybark Dr, Princeton, TX, 75407 earns $642/mo cash flow from $2,242/mo rent with a $1,101/mo payment. Total monthly income totals $2,242/mo, and annual cash flow totals $7,707/yr on $74,588 capital. ROI tracks 30.24% on current figures, and rental yield reads 11.96% at a $225,000 purchase. Equity gained on principal adds $1,452/yr, and 5% annual appreciation supports $62,163 over five years. Five-year ROI reaches 159.51% and total cumulative return in cash sums $118,977. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,242/mo property income instead of your personal income.
Single Family
Built in 2023
4,399 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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