10508 County Road 904 · Princeton, TX 75407

$110,000

1 bd · 1.0 ba · 560 sqft · Land public records · 283 Days on market

Built 1989 9,148 sqft lot $196/sqft · 51% below area ↓ 27% since listing

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Why this score? — see what drove the B- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +28.9/30.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• 1% rule +6.8/10.0
• Schools +4.2/10.0
• Livability +3.1/5.0
• Condition / age +2.5/5.0
• Rent growth +2.2/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

NEW LOWER PRICE! Walking distance to Lake Lavon. Perfect starter property one block from the lake. Located in the established Lake Lavon Community of Shamrock Park. Ready for your vision. 1 bedroom 1 bath home in need of remodeling on nearly a quarter acre. Priced to sell quickly. Don't miss it. Buyer and buyers agent to verify all relevant information. No guaranty expressed herein.

Key facts

• Shamrock park
• Lake lavon community
• 9,148 sq ft lot

Tags

• WALKING DISTANCE TO LAKE LAVON
• LAKE LAVON COMMUNITY
• SHAMROCK PARK

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath land listed at $110k.

Deal economics

• At list price, monthly cash flow is $372 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $110k).
• Recommended offer: $97k (12.0% below list) — sets the bar for market timing.
• Cap rate 10.3% vs local median 4.5% in Princeton — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 62/100 on livability (#969 in TX) — a middle-class / working-renter tenant base. Strengths: employment A+, housing A+, cost of living A; Watch: schools C-, amenities F, commute F.
• Princeton ISD (suburban): math 51% / reading 47% proficiency, ranked #188 of 826 in TX (top 23%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents soft (-1.0%/yr); 1404 active listings in the ZIP; solid renter incomes; 19,194 units permitted in Collin County in 2024 (3,988 in 5+ unit buildings).
• This rent is only 16% of the median local income ($100k/yr) — well below the 30% rent-burden line; pricing power to push rent on renewal without tenant pushback.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $761 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Collin County population projected at +60% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 283 days — a 12% lower offer ($97k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $96,800 (12.0% below list)

Questions for the listing agent

1. It's been on market 283 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
5. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
6. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.18% ✓
• Cap rate: 10.35%
• Cash-on-cash: 14.48%
• DSCR: 1.64
• GRM: 7.1

CMA / ARV

• ARV (median comp): $225,223
• List price: $110,000
• Delta: -51.16%
• Verdict: UNDERPRICED
• Comps: 3 within 2.0 mi

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: 1.8%
• Equity multiple: 1.07×
• Total profit: $2,013
• Equity at exit: $16,401

10-year hold

• IRR: 8.5%
• Equity multiple: 1.56×
• Total profit: $17,397
• Equity at exit: $9,511

Cash invested: $30,800 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Texas: 87 Strongly Landlord-Friendly · R+5
• County: — inherits STATE
• City: — inherits STATE

3-day notice; statewide preemption; one of the fastest eviction climates; Travis County (Austin) slightly slower.

Methodology + full state rankings →

ZIP-level market 75407

• Home prices YoY: -30.3%
• Rents YoY: -1.0%
• Active inventory: 1404
• Price-to-rent: 7.1×

Monthly cashflow live

• Estimated rent: $1,293 medium
• Mortgage (P&I): −$577
• Tax from tax record: −$27 /mo · $327/yr
• Insurance: −$46
• HOA: −$0
• Vacancy / Maint / Mgmt: −$272
• Net cashflow: $372

Break-even live

Break-even rent $823

Max offer price $110,000

Occupancy floor 66%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $27,500
• Closing costs: $3,300
• Reserves months: —
• Total cash needed: —

Listing history 18 events

1. 2026-06-18
   days on market $110,000 Active 283 DOM
2. 2026-06-17
   days on market $110,000 Active 282 DOM
3. 2026-06-16
   days on market $110,000 Active 281 DOM
4. 2026-06-15
   days on market $110,000 Active 280 DOM
5. 2026-06-13
   days on market $110,000 Active 278 DOM
6. 2026-06-13
   days on market $110,000 Active 277 DOM
7. 2026-06-09
   days on market $110,000 Active 274 DOM
8. 2026-06-08
   days on market $110,000 Active 273 DOM
9. 2026-06-07
   days on market $110,000 Active 272 DOM
10. 2026-06-04
    days on market $110,000 Active 269 DOM
11. 2026-06-03
    days on market $110,000 Active 268 DOM
12. 2026-06-02
    days on market $110,000 Active 267 DOM
13. 2026-06-01
    days on market $110,000 Active 266 DOM
14. 2026-05-31
    days on market $110,000 Active 265 DOM
15. 2026-02-24
    price $110,000 385-char remark

    Show marketing remark (385 chars)

    NEW LOWER PRICE! Walking distance to Lake Lavon. Perfect starter property one block from the lake. Located in the established Lake Lavon Community of Shamrock Park. Ready for your vision. 1 bedroom 1 bath home in need of remodeling on nearly a quarter acre. Priced to sell quickly. Don't miss it. Buyer and buyers agent to verify all relevant information. No guaranty expressed herein.

16. 2025-10-25
    price $120,000 385-char remark

    Show marketing remark (385 chars)

    NEW LOWER PRICE! Walking distance to Lake Lavon. Perfect starter property one block from the lake. Located in the established Lake Lavon Community of Shamrock Park. Ready for your vision. 1 bedroom 1 bath home in need of remodeling on nearly a quarter acre. Priced to sell quickly. Don't miss it. Buyer and buyers agent to verify all relevant information. No guaranty expressed herein.

17. 2025-09-16
    price $140,000 385-char remark

    Show marketing remark (385 chars)

    NEW LOWER PRICE! Walking distance to Lake Lavon. Perfect starter property one block from the lake. Located in the established Lake Lavon Community of Shamrock Park. Ready for your vision. 1 bedroom 1 bath home in need of remodeling on nearly a quarter acre. Priced to sell quickly. Don't miss it. Buyer and buyers agent to verify all relevant information. No guaranty expressed herein.

18. 2025-09-04
    listed $150,000 Active 385-char remark

    Show marketing remark (385 chars)

    NEW LOWER PRICE! Walking distance to Lake Lavon. Perfect starter property one block from the lake. Located in the established Lake Lavon Community of Shamrock Park. Ready for your vision. 1 bedroom 1 bath home in need of remodeling on nearly a quarter acre. Priced to sell quickly. Don't miss it. Buyer and buyers agent to verify all relevant information. No guaranty expressed herein.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast TX · Resets to sale price

• Current annual tax: $327 · $27/mo
• Projected year-2 tax: $2,013 · $168/mo
• Expected delta: +$1,686/yr (+$141/mo · 515.7%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 7/10 Severe 7 d/yr ≥111°F today · 23 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,519
• − Mortgage interest: −$6,162
• − Property taxes: −$327
• − Insurance: −$550
• − Repairs & maintenance: −$1,242
• − Management: −$1,242
• − Depreciation: −$3,200
• Taxable income: $2,797
• Est. tax owed @ 24.0%: −$671
• After-tax cash flow: $3,789/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Princeton ISD
• NCES district ID: 4835850
• Math proficiency: 51% ▼ -8.00%
• Reading proficiency: 47% ▬ 0.00%
• Median HH income: $54,827
• Composite: 42.44/100
• National rank: #3226
• State rank: #188 of 826 in TX

Livability — Princeton

• Score: 62/100
• State rank: #969
• US rank: #17215

Category grades

Amenities F Commute F Cost of living A Crime B Employment A+ Housing A+ Health & safety F User ratings F

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Collin County · 1,159,394 people
• City population: 34,171
• Metro: Dallas-Fort Worth-Arlington, TX
• Population (ZIP): 34,171
• Household income: $100,037
• Rent vs Own: 23.8% rent · 76.2% own
• Severe rent burden: 368.0

Population outlook (Collin County) Hauer SSP2

• Today (2025): 1,210,074 people
• By 2030: 1,358,201 · +12.2%
• By 2040: 1,654,061 · +36.7%
• By 2050: 1,937,359 · +60.1%
• By 2075: 2,567,039 · +112.1%
• By 2100: 2,952,048 · +144.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.66)
• Race & ethnicity: White 47% Hispanic / Latino 30% Black 17% Two or more races 10% Asian 4% Native American 1%
• Hispanic origin (detail): Mexican 26%
• Common ancestry: Lithuanian 2% Romanian 1% Russian 1%
• Foreign-born: 15% · Canada, China, Mexico
• Languages at home: 70% English-only · Spanish 22% Other Indo-European 2% Other Asian/Pacific 1%

Political lean MEDSL · Collin

• 2024 margin: R (+11.1) · D 43.1% · R 54.3% · Other 2.6%
• 2008→2024 swing: +14.4pp toward D · 2008: -25.6pp · 2024: -11.1pp
• All cycles: 2024: R+11.1 2020: R+4.3 2016: R+17.0 2012: R+31.6 2008: R+25.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -103.99%
• Current HPI: 238.9373
• Rent YoY: ▼ -1.02%
• Metro: Dallas-Fort Worth-Arlington, TX
• State GDP YoY: ▲ 3.95%
• F500 in state: 110

Industry mix (Fortune 500 HQ in TX)

Industry	F500 HQs	Revenue
▸Energy	16	$1,198B
▸Technology	5	$198B
▸Engineering / Construction	4	$72B
▸Energy Services	3	$60B
▸Utilities	3	$41B
▸Healthcare	2	$330B

Price history

-26.7% since first listed

4 events — show timeline

• 2026-02-24 Price Changed $110,000 NTREIS
• 2025-10-25 Price Changed $120,000 NTREIS
• 2025-09-16 Price Changed $140,000 NTREIS
• 2025-09-04 Listed $150,000 NTREIS

Property tax history

+6.6%/yr

Latest (2025): $327 · +16.1% YoY. Source: county tax records.