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621 Caraway Trl
C- Composite 51.5
Why this score? — see what drove the C- 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).

  • ARV discount +15.0/15.0
  • Cash flow +13.4/30.0
  • Schools +5.0/10.0
  • Condition / age +5.0/5.0
  • DSCR +4.0/10.0
  • 1% rule +3.8/10.0
  • Livability +3.1/5.0
  • Rent growth +2.2/5.0
  • Appreciation +0.0/10.0

$259,499

621 Caraway Trl · Princeton, TX 75407
4 bd · 2.5 ba · 1,867 sqft · SingleFamily · 104 Days on market
Built 2026 Excellent condition 2-car garage $139/sqft · 31% below area Est $375k · 31% under

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Listing remarks MLS

This new two-story home boasts a spacious and modern design. On the first floor, a flexible open-concept floorplan combines the kitchen, living and dining areas, and the luxurious owner's suite is tucked into a private rear corner with a spa-inspired bathroom and walk-in closet. On the second floor, three secondary bedrooms surround a versatile loft for convenient shared living.

Key facts

  • Walk-in closet
  • Versatile loft
  • 2 garage spots

Tags

OPEN-CONCEPT FLOORPLANSPA-INSPIRED BATHROOMWALK-IN CLOSETVERSATILE LOFT

Neighborhood map

Property Rental comp Retail Costco Walmart Transit Schools Stadiums Fortune 500 · Circle radius: 6.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 4-bed/2.5-bath single-family listed at $259k. Condition is rated excellent.

Deal economics

  • At list price, monthly cash flow is $2 ($29/yr) — positive.
  • The deal already cash-flows at list — no discount required.
  • To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $227k (12.4% below list).
  • Recommended offer: $227k (12.4% below list) — sets the bar for 1% rule.
  • Cap rate 6.3% 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: amenities F, commute F, health & safety 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.
  • Zoned schools: Mayfield El (609 students, 73% FRL); Clark Middle (math 53% / reading 42%, grade C-, #408 of 1,662 statewide, top 25%, 707 students, 66% FRL); Princeton H S (math 52% / reading 54%, grade C-, #437 of 1,632 statewide, top 27%, 1,521 students, 57% FRL).
  • Market conditions: Rents soft (-1.0%/yr); 1749 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 48d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 75% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 19,194 units permitted in Collin County in 2024 (3,988 in 5+ unit buildings).

Forward outlook

  • Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $8k 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 104 days — a 9% lower offer ($236k) is reasonable based on typical stale-listing flexibility.
  • 2 sale attempts with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
Recommended offer $227,311 (12.4% below list)

Questions for the listing agent

  1. It's been on market 104 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
0.88%
Cap rate
6.30%
Cash-on-cash
0.04%
DSCR
1.00
GRM
9.5

CMA / ARV

ARV (median comp)
$374,662
List price
$259,499
Delta
-30.74%
Verdict
UNDERPRICED
Comps
20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
1803 Sabina Dr 0.88mi 4/2.0 1,847 (-1%) 0mo $325,990 $176 61
812 Poppy Cove Ln 1.11mi 4/2.5 1,921 (+3%) 1mo $299,000 $156 59
213 Nathan Dr 0.96mi 4/2.0 1,939 (+4%) 1mo $324,900 $168 56
1224 Laguna Ln 0.73mi 4/2.5 1,729 (-7%) 0mo $284,990 $165 53
207 Michael Dr 0.93mi 3/2.0 (-1) 1,824 (-2%) 1mo $299,900 $164 53
1148 Laguna Ln 0.78mi 4/2.5 1,718 (-8%) 1mo $274,990 $160 51
1131 Loch Way 0.79mi 4/3.0 2,032 (+9%) 1mo $322,720 $159 48
103 Rita Dr 0.78mi 4/2.0 2,041 (+9%) 1mo $356,490 $175 47
820 Hillcrest Blvd 0.71mi 4/2.5 2,176 (+17%) 0mo $309,990 $142 41
208 Joseph Dr 1.00mi 3/2.0 (-1) 1,606 (-14%) 0mo $335,000 $209 34
804 Hillcrest Blvd 0.72mi 3/2.0 (-1) 1,549 (-17%) 0mo $269,990 $174 34
1220 Laguna Ln 0.74mi 3/2.0 (-1) 1,549 (-17%) 0mo $249,990 $161 33

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

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

5-year hold
IRR
-19.7%
Equity multiple
0.33×
Total profit
$-48,523
Equity at exit
$38,692
10-year hold
IRR
-20.6%
Equity multiple
0.07×
Total profit
$-67,660
Equity at exit
$22,437

Cash invested: $72,660 (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.
Buyer's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

For sale now
34 active · 28 under contract
Months of supply
6.2 mo (16%/mo absorbed)
Median asking
$310,485 ($159/sqft)
Median days on market
41 d
This list price
15% of active listings are priced below it
ARV vs active asking
+26.0% above current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 75407

Home prices YoY
-30.3%
Rents YoY
-1.0%
Active inventory
1749
Price-to-rent
9.5×

Monthly cashflow live

Estimated rent
$2,273 high interval (Pro) →
Mortgage (P&I)
$1,361
Tax est. 1.5%
$324 /mo · $3,892/yr
Insurance
$108
HOA
$0
Vacancy / Maint / Mgmt
$477
Net cashflow
$2

Break-even live

Break-even rent $2,270
Max offer price $259,499
Occupancy floor 95%

Sensitivity live

Price -10% $182 -5% $92 +0% $2 +5% $-87 +10% $-177
Rent -10% $-177 -5% $-87 +0% $2 +5% $92 +10% $182
Rate -1.0pp $133 -0.5pp $68 base $2 +0.5pp $-65 +1.0pp $-133

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
$64,875
Closing costs
$7,785
Reserves months
Total cash needed

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Short-term bridge; refi at stabilization.

Rent comps 40 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
1525 Farm to Market Road 982 Princeton, TX 2.0–4.0 2.0–2.5 1551 $2,938 $1.89 0d 31 0.69mi
327 Stone Ct Princeton, TX 4.0 2.5 1676 $2,100 $1.25 2d 1 0.78mi
315 Stone Ct Princeton, TX 3.0 2.5 1573 $2,100 $1.34 93d 1 0.81mi
120 Spurgeon St Princeton, TX 2.0–3.0 2.0 1536 $1,699 $1.11 1d 1 0.81mi
1135 Loch Way Princeton, TX 3.0 2.0 1552 $1,800 $1.16 4d 1 0.82mi
303 Stone Ct Princeton, TX 3.0 2.5 1586 $1,700 $1.07 73d 1 0.83mi
303 Stone Ct Princeton, TX 3.0 2.5 1586 $1,700 $1.07 48d 1 0.83mi
229 Marsh Ln Princeton, TX 3.0 2.5 1550 $1,650 $1.06 73d 1 0.91mi
207 Michael Dr Princeton, TX 3.0 2.0 1824 $2,500 $1.37 36d 1 0.93mi
203 Marsh Ln Princeton, TX 3.0 2.5 1586 $1,575 $0.99 56d 1 0.95mi
220 Marsh Ln Princeton, TX 4.0 2.5 1722 $1,750 $1.02 4d 1 0.96mi
613 Grenada Lake Dr Princeton, TX 4.0 3.0 2395 $3,025 $1.26 52d 1 0.97mi
216 Nathan Dr Princeton, TX 4.0 3.0 2607 $3,250 $1.25 52d 1 0.98mi
204 Marsh Ln Princeton, TX 4.0 2.5 1722 $1,700 $0.99 93d 1 0.98mi
1501 Laurence Ln Princeton, TX 4.0 3.5 2575 $2,350 $0.91 42d 1 0.98mi
605 Grenada Lake Dr Princeton, TX 3.0 2.0 1563 $1,925 $1.23 36d 1 0.99mi
605 Grenada Lake Dr Princeton, TX 3.0 2.0 1563 $1,925 $1.23 64d 1 0.99mi
664 Jupe Way Princeton, TX 4.0 2.0 1753 $2,000 $1.14 38d 1 1.02mi
1484 County Road 490 Princeton, TX 3.0 2.0 1568 $2,000 $1.28 7d 1 1.03mi
1819 Michael Dr Princeton, TX 4.0 3.0 2408 $2,450 $1.02 26d 1 1.04mi
1819 Michael Dr Princeton, TX 4.0 3.0 2409 $2,450 $1.02 48d 1 1.04mi
882 Breakwater Dr Princeton, TX 4.0 2.5 1824 $2,250 $1.23 71d 1 1.06mi
445 Grenada Lake Dr Princeton, TX 4.0 3.0 2029 $2,050 $1.01 54d 1 1.07mi
445 Grenada Lake Dr Princeton, TX 4.0 3.0 2029 $2,050 $1.01 43d 1 1.07mi
1567 Dukeswood Dr Princeton, TX 3.0 2.5 2429 $2,575 $1.06 66d 1 1.08mi
871 Lake Fletcher Rd Princeton, TX 4.0 2.5 2267 $2,150 $0.95 66d 1 1.09mi
860 Poppy Cove Ln Princeton, TX 3.0 2.0 1563 $1,995 $1.28 30d 1 1.09mi
858 Breakwater Dr Princeton, TX 4.0 3.0 2395 $2,200 $0.92 93d 1 1.09mi
865 Table Rock St Princeton, TX 3.0 2.0 1563 $2,050 $1.31 71d 1 1.11mi
846 Breakwater Dr Princeton, TX 4.0 2.5 1824 $1,950 $1.07 36d 1 1.11mi
846 Breakwater Dr Princeton, TX 3.0 2.5 1824 $2,000 $1.10 52d 1 1.11mi
829 Lake Fletcher Rd Princeton, TX 3.0 2.0 1563 $1,895 $1.21 3d 1 1.14mi
2768 Poppy Ln Princeton, TX 4.0 2.0 1344 $1,500 $1.12 17d 1 1.14mi
857 Ozark Path Princeton, TX 4.0 3.0 2419 $2,499 $1.03 43d 1 1.14mi
843 Ozark Path Princeton, TX 3.0 2.0 1249 $2,100 $1.68 93d 1 1.15mi
814 Lake Fletcher Rd Princeton, TX 4.0 2.5 1991 $1,994 $1.00 53d 1 1.16mi
814 Lake Fletcher Rd Princeton, TX 4.0 2.5 1991 $1,994 $1.00 48d 1 1.16mi
306 Grenada Lake Dr Princeton, TX 4.0 3.0 2103 $2,095 $1.00 0d 1 1.16mi
750 Jupe Way Princeton, TX 4.0 3.0 2500 $2,300 $0.92 93d 1 1.16mi
818 Table Rock St Princeton, TX 4.0 3.0 2029 $2,295 $1.13 36d 1 1.17mi

Property features AI

Finance

Other
Located in a municipal utility districtSubdivision: Acorn South
Financial info
Listing accepts Cash, Conventional, FHA, USDA, and VA financing
HOA & community
Mandatory HOA with annual fee covering full use of facilities, grounds maintenance, and managementHOA management company: Insight

Exterior

Parking
Attached 2-car garage (garage faces front)2 covered parking spaces
Security
Smoke detectorsCarbon monoxide detectorsFire alarm
Utilities
MUD water and MUD sewerSidewalks and curbsConcrete (drive/paths)Municipal utility district service
Home design
Single-family residenceOne storyNew construction (incomplete, 2026)Not attached to another property
Construction
Fiber cement sidingComposition roofSlab foundationYear built 2026
Exterior features
Covered porch(es)Wood fencingLandscaped yardSprinkler system

Interior

Kitchen
Natural stone/granite countertopsPantry and walk-in pantryWater line to refrigeratorDishwasherDisposalElectric rangeMicrowave
Bedrooms
Primary bedroom on main level with walk-in closetThree additional bedrooms on main level
Flooring
CarpetLuxury vinyl plank
Bathrooms
Two full bathrooms
Heating & cooling
Central heating (electric)Central air conditioning (electric)ENERGY STAR qualified equipment
Interior features
Open floorplanBuilt-in featuresDecorative lightingCable TV availableHigh speed internet availablePantryWalk-in closets
Laundry & utility
Mechanical fresh air (energy efficient feature)

Listing history 50 events

  1. 2026-08-08
    days on market $259,499 Active 104 DOM
  2. 2026-08-06
    days on market $259,499 Active 102 DOM
  3. 2026-08-05
    days on market $259,499 Active 101 DOM
  4. 2026-08-04
    days on market $259,499 Active 100 DOM
  5. 2026-08-03
    days on market $259,499 Active 99 DOM
  6. 2026-08-01
    remarks 381-char remark
  7. 2026-08-01
    days on marketlisting id $259,499 Active 96 DOM
  8. 2026-07-31
    days on market $259,499 Active 94 DOM
  9. 2026-07-30
    days on market $259,499 Active 92 DOM
  10. 2026-07-28
    days on market $259,499 Active 91 DOM
  11. 2026-07-26
    days on market $259,499 Active 89 DOM
  12. 2026-07-24
    days on market $259,499 Active 87 DOM
  13. 2026-07-23
    days on market $259,499 Active 86 DOM
  14. 2026-07-22
    days on market $259,499 Active 85 DOM
  15. 2026-07-21
    pricedays on market $259,499 Active 84 DOM
  16. 2026-07-20
    days on market $276,499 Active 83 DOM
  17. 2026-07-18
    days on market $276,499 Active 81 DOM
  18. 2026-07-18
    days on market $276,499 Active 80 DOM
  19. 2026-07-16
    days on market $276,499 Active 79 DOM
  20. 2026-07-15
    days on market $276,499 Active 78 DOM
  21. 2026-07-14
    days on market $276,499 Active 77 DOM
  22. 2026-07-13
    days on market $276,499 Active 76 DOM
  23. 2026-07-13
    days on market $276,499 Active 75 DOM
  24. 2026-07-11
    days on market $276,499 Active 74 DOM
  25. 2026-07-10
    days on market $276,499 Active 73 DOM
  26. 2026-07-09
    days on market $276,499 Active 72 DOM
  27. 2026-07-07
    days on market $276,499 Active 70 DOM
  28. 2026-07-06
    days on market $276,499 Active 69 DOM
  29. 2026-07-06
    days on market $276,499 Active 68 DOM
  30. 2026-07-05
    days on market $276,499 Active 67 DOM
  31. 2026-07-03
    days on market $276,499 Active 66 DOM
  32. 2026-07-02
    days on market $276,499 Active 65 DOM
  33. 2026-07-01
    days on market $276,499 Active 64 DOM
  34. 2026-06-30
    days on market $276,499 Active 63 DOM
  35. 2026-06-29
    days on market $276,499 Active 62 DOM
  36. 2026-06-28
    days on market $276,499 Active 61 DOM
  37. 2026-06-26
    days on market $276,499 Active 59 DOM
  38. 2026-06-24
    days on market $276,499 Active 57 DOM
  39. 2026-06-22
    days on market $276,499 Active 55 DOM
  40. 2026-06-21
    days on market $276,499 Active 54 DOM
  41. 2026-06-18
    days on market $276,499 Active 51 DOM
  42. 2026-06-17
    days on market $276,499 Active 50 DOM
  43. 2026-06-16
    days on market $276,499 Active 49 DOM
  44. 2026-06-15
    days on market $276,499 Active 48 DOM
  45. 2026-06-13
    days on market $276,499 Active 46 DOM
  46. 2026-06-09
    days on market $276,499 Active 42 DOM
  47. 2026-06-08
    days on market $276,499 Active 41 DOM
  48. 2026-06-07
    days on market $276,499 Active 40 DOM
  49. 2026-06-04
    days on market $276,499 Active 37 DOM
  50. 2026-06-03
    days on market $276,499 Active 36 DOM

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

Nearby sold comps map

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Walkable amenities ~0.75 mi

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Taxation est. · year 1

Rental income
$27,277
− Mortgage interest
−$14,536
− Property taxes
−$3,892
− Insurance
−$1,297
− Repairs & maintenance
−$2,182
− Management
−$2,182
− Depreciation
−$7,549
Taxable loss
−$4,362
combined federal + state — saved on this device
Est. tax savings @ 24.0%
+$1,047
After-tax cash flow
$1,076/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.

Condition & rehab AI · 1 photo

Excellent 100/100 None rehab

This home is in excellent condition with no visible repairs or maintenance needed. It is move-in ready and would benefit from minor updates to the exterior and interior to maximize its resale and rental value.

Value-add opportunities

  • Both Painting the exterior and interior — Fresh paint can enhance curb appeal and interior aesthetics.
  • Both Landscaping improvements — Enhanced landscaping can improve curb appeal and attract potential buyers/tenants.
  • Both Kitchen and bathroom updates — Modernizing these spaces can increase the home's appeal and value.
  • Both HVAC system maintenance — A well-maintained HVAC system ensures comfort and can reduce energy costs.
D Composite school gradezoned avg 50/100

Zoned Schools

Elementary Mayfield El Middle Scott Morgan Johnson Middle C- TX #408/1,662 Nat'l #4,042/14,009 High Princeton H S C- TX #437/1,632 Nat'l #4,893/17,239

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
C Composite livability gradescore 62/100

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 · 1,210,074 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
11% of renters

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

Price history

+0.0% since first listed
5 events — show timeline
  • 2026-05-12 Price Changed $276,499 NTREIS
  • 2026-05-01 Price Changed $276,499 Zillow
  • 2026-04-28 Price Changed $268,499 Zillow
  • 2026-04-28 Listed $268,999 NTREIS
  • 2026-04-26 Listed $276,499 Zillow

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…