759 Evergreen StPrincetonTX75407
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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 759 Evergreen St, Princeton, TX, 75407 priced at $322,500 converts $2,441/mo rent into $39/mo cash flow after a $1,578/mo obligation. Total monthly income equals $2,441/mo, and annual cash flow totals $463/yr on $106,909 invested. Return on cash invested prints 20.34% in year one, and rental yield reads 9.08% against a $322,500 entry. Equity gained on principal adds $2,081/yr, while 5% annual appreciation compiles into $89,101 by year five. Five-year ROI reaches 106.82% and total cumulative return in cash sums $114,200. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,441/mo property income covering a $1,578/mo payment, not borrower’s personal income.
Single Family
Built in 2021
6,577 sqft lot
$N/A/sqft
$450 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: N/A • Real
Mls Name: NTREIS
Mls ID: #20861939
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.