515 Blue Grass WayPrincetonTX75407
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 515 Blue Grass Way, Princeton, TX, 75407 priced at $137,499 converts $1,048/mo rent into $70/mo cash flow after a $673/mo obligation. Total monthly income equals $1,048/mo, and annual cash flow totals $843/yr on $45,581 invested. Return on cash invested prints 21.76% in year one, and rental yield reads 9.15% against a $137,499 entry. Equity gained on principal adds $887/yr, while 5% annual appreciation compiles into $37,988 by year five. Five-year ROI reaches 114.09% and total cumulative return in cash sums $52,001. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,048/mo property income covering a $673/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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices