Last 24 Hours
$374,490
118 Michael Drive, Princeton, TX, 75407
On Market
Just Added
4 Beds
3 Bath
2,528 Sq Ft
Single Family Residence
$148.14 / sqft
Built in 2026Property Lead Type:
Absentee OwnerHigh EquityMove-In Ready
Highlights
Interior
Bedrooms 4
Bathrooms Full 2AppliancesDishwasher, Electric Oven, Microwave
Exterior
Lot Size6,534 sqft
Building Information
Year Built2026
Stories1
Garage Spaces2
Land Information
APNR-13596-00C-0240-1
Lot Number24
SubdivisionMorning Ridge
Land UseResidential Single Family
Legal DescriptionMORNING RIDGE PHASE 2 (CPN), BLK C, LOT 24
Census Tract031007
Assessed Land Value$78,000
Assessment Year2026
About this property
New Construction 2-story home by D. R. Horton Homes. Open and smart layout complimented by the features your buyers are requesting: gas fireplace, double sink vanity and tile shower surrounds, separate tub and shower, walk in pantry and covered back patio.
Investor Tools
$0Estimated Mortgage Balance
$333,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,247 /month
Positive
Cash Flow Estimate:
$749 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$237/month
$650/month
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,183
$78,000
2026
$78,000
N/A
$78,000
No
Tax History
Year
Tax Paid
Assessed Value
2025
$1,183
$78,000
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$333,000
100%
0%
$0/mo
Rental Potential
Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,570/mo
$650/mo
+$2,920/mo
12.9%
12.4%