902 Wood Stork 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 902 Wood Stork St, Princeton, TX, 75407 priced at $191,009 converts $2,322/mo rent into $922/mo cash flow after a $935/mo obligation. Total monthly income equals $2,322/mo, and annual cash flow totals $11,068/yr on $63,319 invested. Return on cash invested prints 37.39% in year one, and rental yield reads 14.59% against a $191,009 entry. Equity gained on principal adds $1,233/yr, while 5% annual appreciation compiles into $52,772 by year five. Five-year ROI reaches 198.11% and total cumulative return in cash sums $125,441. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,322/mo property income covering a $935/mo payment, not borrower’s personal income.
Single Family
Built in 2024
4,007 sqft lot
$N/A/sqft
$495 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: Jared Turner • Turner Mangum LLC
Mls Name: NTREIS
Mls ID: #20798260
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.