420 Blue Grass WayPrincetonTX75407
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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 420 Blue Grass Way, Princeton, TX, 75407 priced at $109,999 converts $832/mo rent into $50/mo cash flow after a $538/mo obligation. Total monthly income equals $832/mo, and annual cash flow totals $602/yr on $36,465 invested. Return on cash invested prints 21.56% in year one, and rental yield reads 9.08% against a $109,999 entry. Equity gained on principal adds $710/yr, while 5% annual appreciation compiles into $30,391 by year five. Five-year ROI reaches 113.01% and total cumulative return in cash sums $41,207. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $832/mo property income covering a $538/mo payment, not borrower’s personal income.
Manufactured
Built in 2024
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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