254 Lake Erie 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 254 Lake Erie Dr, Princeton, TX, 75407 uses $122,158 cash to close to unlock $19,318/yr annual cash flow and $1,610/mo monthly cash flow. Total monthly income runs $4,289/mo, and a $1,804/mo payment keeps the spread at $1,610/mo. Purchase price stands at $368,500, and rental yield measures 13.97% with $4,289/mo rent. Return on cash invested shows 35.72% in year one, and 5% annual appreciation builds toward $101,810 over five years. Five-year ROI reaches 189.05% and total cumulative return in cash records $230,942. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,289/mo property income covering a $1,804/mo payment rather than investor’s personal income.
Single Family
Built in 2022
2,452 sqft lot
$N/A/sqft
$175 quarterly 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: Chenchi Kuriakose • Stride Real Estate, LLC
Mls Name: NTREIS
Mls ID: #20937557
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.