329 Grenada 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
Investment property for sale in Princeton at 329 Grenada Lake Dr, Princeton, TX, 75407 listed at $362,600 pairs $2,783/mo rent with a $1,775/mo payment to leave $204/mo cash flow. Total monthly income runs $2,783/mo, and annual cash flow reaches $2,451/yr on $120,202 cash to close. Return on cash invested measures 21.95% in year one, and rental yield registers 9.21% at a $362,600 basis. Equity gained on principal adds $2,340/yr, and annual property appreciation at 5% supports $100,180 by year five. Five-year ROI tracks 115.01% and total cumulative return in cash totals $138,250. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,783/mo property income relative to a $1,775/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2022
N/A 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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