214 Lemongrass 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 214 Lemongrass Dr, Princeton, TX, 75407 earns $322/mo cash flow from $2,115/mo rent with a $1,174/mo payment. Total monthly income totals $2,115/mo, and annual cash flow totals $3,859/yr on $79,527 capital. ROI tracks 24.76% on current figures, and rental yield reads 10.58% at a $239,900 purchase. Equity gained on principal adds $1,548/yr, and 5% annual appreciation supports $66,280 over five years. Five-year ROI reaches 130.58% and total cumulative return in cash sums $103,843. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,115/mo property income instead of your personal income.
Single Family
Built in 2022
5,227 sqft lot
$N/A/sqft
$550 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: Kevin Sawatsky • OnwardTX Real Estate Advisors
Mls Name: NTREIS
Mls ID: #20837285
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.