603 Colgate CirPrincetonTX75407
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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 603 Colgate Cir, Princeton, TX, 75407 priced at $320,000 converts $3,533/mo rent into $1,165/mo cash flow after a $1,566/mo obligation. Total monthly income equals $3,533/mo, and annual cash flow totals $13,977/yr on $106,080 invested. Return on cash invested prints 33.09% in year one, and rental yield reads 13.25% against a $320,000 entry. Equity gained on principal adds $2,065/yr, while 5% annual appreciation compiles into $88,410 by year five. Five-year ROI reaches 175.09% and total cumulative return in cash sums $185,739. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,533/mo property income covering a $1,566/mo payment, not borrower’s personal income.
Single Family
Built in 2022
4,573 sqft lot
$N/A/sqft
$500 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: Sagun-Sam Shrestha • Keller Williams Lonestar DFW
Mls Name: NTREIS
Mls ID: #20652843
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.