Resolution X Plan · Princeton, TX 75407

$72,995

3 bd · 2.0 ba · 1,216 sqft · Manufactured · 235 Days on market

Good condition

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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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Schools +4.2/10.0
• Condition / age +4.0/5.0
• Livability +3.1/5.0
• Rent growth +2.2/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to easy, modern living in this brand-new 3-bedroom, 2-bathroom home featuring 1,216 sq. ft. of beautifully planned space. Situated in a new, maintenance-free community in Princeton, this home delivers the perfect mix of comfort, convenience, and contemporary design. Home features: Open, airy floor plan with bright living and dining spaces Stylish kitchen with modern cabinetry and finishes Spacious primary suite complete with private bath Generous outdoor deck for relaxing or entertaining Includes detached storage shed for added space Convenient off-street parking Enjoy a fresh start in a welcoming new neighborhood designed for easy living and peace of mind. This home offers everything you need to settle in and make it your own in thriving Princeton, TX.

Key facts

• Open floor plan
• Stylish kitchen
• Off-street parking

Tags

• OPEN FLOOR PLAN
• STYLISH KITCHEN
• SPACIOUS PRIMARY SUITE
• GENEROUS OUTDOOR DECK
• DETACHED STORAGE SHED
• OFF-STREET PARKING

🏗️ New construction. Builder plan / spec listing (the home may be to-be-built); metrics use comparable previous sales.

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $73k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $1k ($13k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $73k).
• Recommended offer: $64k (12.0% below list) — sets the bar for market timing.
• Cap rate 23.4% 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); 1409 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 20d on market — plan ~3-4 weeks tenant-placement turnaround); 40% 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 $504 of loan paydown is wiped out by about $2k 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.
• At projected returns (-3.0% appreciation + 0.0% rent growth), your $20k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 235 days — a 12% lower offer ($64k) 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→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $64,235 (12.0% below list)

Questions for the listing agent

1. It's been on market 235 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: 2.68% ✓
• Cap rate: 23.42%
• Cash-on-cash: 61.17%
• DSCR: 3.72
• GRM: 3.1

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: 56.6%
• Equity multiple: 3.39×
• Total profit: $48,817
• Equity at exit: $10,884

10-year hold

• IRR: 60.4%
• Equity multiple: 6.18×
• Total profit: $105,901
• Equity at exit: $6,311

Cash invested: $20,439 (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: 1409
• Price-to-rent: 3.1×

Monthly cashflow live

• Estimated rent: $1,957 high
• Mortgage (P&I): −$383
• Tax est. 1.5%: −$91 /mo · $1,095/yr
• Insurance: −$30
• HOA: −$0
• Vacancy / Maint / Mgmt: −$411
• Net cashflow: $1,042

Break-even live

Break-even rent $639

Max offer price $72,995

Occupancy floor 42%

Sensitivity live

Price	-10% $1,092	-5% $1,067	+0% $1,042	+5% $1,017	+10% $991
Rent	-10% $887	-5% $964	+0% $1,042	+5% $1,119	+10% $1,196
Rate	-1.0pp $1,079	-0.5pp $1,060	base $1,042	+0.5pp $1,023	+1.0pp $1,004

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: $18,249
• Closing costs: $2,190
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1605 Fox DR Princeton, TX	3.0	2.0	1435	$2,208	$1.54	0d	11	0.02mi
617 Delaware Ave Princeton, TX	3.0	2.0	1407	$1,749	$1.24	6d	1	0.28mi
1805 Washington St Princeton, TX	3.0	2.0	1437	$1,775	$1.24	44d	1	0.31mi
1710 Washington St Princeton, TX	3.0	2.0	1437	$1,770	$1.23	3d	1	0.32mi
604 Princeton Hts Princeton, TX	3.0–5.0	2.0–2.5	1882	$2,045	$1.09	0d	1	0.33mi
1106 Princeton Hts Princeton, TX	3.0	2.0	1399	$1,795	$1.28	3d	1	0.40mi
1819 Chapel Hill Rd Princeton, TX	3.0	2.0	1437	$1,700	$1.18	44d	1	0.42mi
410 Forest St Princeton, TX	3.0	2.0	1412	$1,800	$1.27	8d	1	0.45mi
1211 Princeton Hts Princeton, TX	3.0	2.0	1401	$1,770	$1.26	18d	1	0.46mi
1211 Princeton Hts Princeton, TX	3.0	2.0	1401	$1,995	$1.42	44d	1	0.46mi
1008 N 4th St Princeton, TX	3.0	2.0	1245	$1,761	$1.41	0d	1	0.55mi
1001 Weiss Ave Princeton, TX	3.0	2.0	1209	$1,595	$1.32	44d	1	0.55mi
1105 Butler Ave Princeton, TX	3.0	2.0	1399	$1,749	$1.25	18d	1	0.55mi
912 N 4th St Princeton, TX	4.0	2.0	1448	$2,149	$1.48	0d	1	0.58mi
2207 Pioneer Dr Unit 2207 Princeton, TX	3.0	2.0	1412	$2,100	$1.49	13d	1	0.61mi
1106 Parkway Trl Princeton, TX	3.0	2.5	1404	$1,500	$1.07	44d	1	0.64mi
2301 States St Princeton, TX	3.0	2.0	1443	$1,770	$1.23	44d	1	0.71mi
2307 States St Princeton, TX	3.0	2.0	1412	$1,800	$1.27	44d	1	0.72mi
600 Jefferson Ave Princeton, TX	3.0	2.0	1300	$1,800	$1.38	19d	1	0.80mi
111 Connecticut Ct Princeton, TX	3.0	2.0	1412	$1,895	$1.34	21d	1	0.84mi
114 Prairie Creek Cir Princeton, TX	3.0	1.0	1043	$1,550	$1.49	44d	1	0.85mi
742 Prairie Creek Dr Princeton, TX	2.0	1.0	935	$1,350	$1.44	13d	1	0.91mi
724 Prairie Creek Dr Princeton, TX	2.0	1.0	914	$1,250	$1.37	44d	1	0.91mi
228 N 4th St Princeton, TX	3.0	2.0	1466	$1,450	$0.99	44d	1	1.01mi
600 W Monte Carlo Blvd Princeton, TX	1.0–3.0	1.0–2.0	1245	$1,728	$1.39	0d	31	1.01mi
100 E Brown St Princeton, TX	3.0	1.0	1196	$2,870	$2.40	2d	1	1.12mi
596 N Beauchamp Blvd Princeton, TX	1.0–2.0	1.0–2.0	1009	$2,050	$2.03	3d	40	1.16mi
133 S 4th St Princeton, TX	2.0	1.0	850	$1,253	$1.47	44d	2	1.27mi
325 Allenwood Dr Princeton, TX	3.0	1.5	1008	$1,900	$1.88	44d	1	1.29mi
512 E Hazelwood St Unit A Princeton, TX	3.0	2.0	1295	$1,349	$1.04	44d	1	1.31mi
514 E Hazelwood St Princeton, TX	3.0	2.0	1380	$1,475	$1.07	0d	1	1.32mi
514 E Hazelwood St Princeton, TX	3.0	2.0	1380	$1,475	$1.07	25d	1	1.32mi
514 E Hazelwood St Unit B Princeton, TX	3.0	2.0	1380	$1,495	$1.08	44d	1	1.32mi
514 E Hazelwood St Unit B Princeton, TX	3.0	2.0	1380	$1,475	$1.07	8d	1	1.32mi
414 E Hazelwood St Princeton, TX	3.0	2.0	1328	$1,595	$1.20	25d	1	1.32mi
502 E Hazelwood St Princeton, TX	3.0	2.0	1295	$1,550	$1.20	44d	1	1.32mi
200 Cole St Princeton, TX	1.0–2.0	1.0–2.0	838	$1,263	$1.51	0d	8	1.39mi
200 Cole St Princeton, TX	1.0–3.0	1.0–2.0	960	$1,799	$1.87	44d	23	1.39mi
899 E Hazelwood St Princeton, TX	1.0–3.0	1.0–2.0	989	$1,780	$1.80	0d	13	1.41mi
713 Cedar Cove Dr Princeton, TX	3.0	2.0	1366	$1,840	$1.35	0d	1	1.44mi

Listing history 17 events

1. 2026-06-21
   days on market $72,995 Active 235 DOM
2. 2026-06-18
   days on market $72,995 Active 232 DOM
3. 2026-06-17
   days on market $72,995 Active 231 DOM
4. 2026-06-16
   days on market $72,995 Active 230 DOM
5. 2026-06-15
   days on market $72,995 Active 229 DOM
6. 2026-06-13
   days on market $72,995 Active 227 DOM
7. 2026-06-13
   days on market $72,995 Active 226 DOM
8. 2026-06-09
   days on market $72,995 Active 223 DOM
9. 2026-06-08
   days on market $72,995 Active 222 DOM
10. 2026-06-07
    days on market $72,995 Active 221 DOM
11. 2026-06-04
    days on market $72,995 Active 218 DOM
12. 2026-06-03
    days on market $72,995 Active 217 DOM
13. 2026-06-02
    days on market $72,995 Active 216 DOM
14. 2026-06-01
    days on market $72,995 Active 215 DOM
15. 2026-05-31
    days on market $72,995 Active 214 DOM
16. 2026-03-11
    price $72,995 771-char remark

    Show marketing remark (771 chars)

    Welcome to easy, modern living in this brand-new 3-bedroom, 2-bathroom home featuring 1,216 sq. ft. of beautifully planned space. Situated in a new, maintenance-free community in Princeton, this home delivers the perfect mix of comfort, convenience, and contemporary design. Home features: Open, airy floor plan with bright living and dining spaces Stylish kitchen with modern cabinetry and finishes Spacious primary suite complete with private bath Generous outdoor deck for relaxing or entertaining Includes detached storage shed for added space Convenient off-street parking Enjoy a fresh start in a welcoming new neighborhood designed for easy living and peace of mind. This home offers everything you need to settle in and make it your own in thriving Princeton, TX.

17. 2025-10-30
    listed $71,995 Active 771-char remark

    Show marketing remark (771 chars)

    Welcome to easy, modern living in this brand-new 3-bedroom, 2-bathroom home featuring 1,216 sq. ft. of beautifully planned space. Situated in a new, maintenance-free community in Princeton, this home delivers the perfect mix of comfort, convenience, and contemporary design. Home features: Open, airy floor plan with bright living and dining spaces Stylish kitchen with modern cabinetry and finishes Spacious primary suite complete with private bath Generous outdoor deck for relaxing or entertaining Includes detached storage shed for added space Convenient off-street parking Enjoy a fresh start in a welcoming new neighborhood designed for easy living and peace of mind. This home offers everything you need to settle in and make it your own in thriving Princeton, TX.

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

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 ≥110°F today · 21 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: $23,487
• − Mortgage interest: −$4,089
• − Property taxes: −$1,095
• − Insurance: −$365
• − Repairs & maintenance: −$1,879
• − Management: −$1,879
• − Depreciation: −$2,123
• Taxable income: $12,057
• Est. tax owed @ 24.0%: −$2,894
• After-tax cash flow: $9,608/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 · 12 photos

Good 80/100 None rehab

This modern, move-in-ready home offers a bright and open floor plan with stylish kitchen and bathrooms. It's in excellent condition and ready for new owners to make it their own.

Value-add opportunities

• Resale Painting the interior walls — Fresh paint can enhance the home's curb appeal and make it more inviting
• Rental Updating the flooring in the bathrooms — Updated flooring can make the bathrooms more appealing to renters
• Both Adding smart home features — Smart home features can increase both the home's resale and rental value by making it more convenient and energy-efficient

Renovation cost estimate screening

Value-add ROI direction

• Resale Painting the interior walls — Fresh paint can enhance the home's curb appeal and make it more inviting ↑
• Rental Updating the flooring in the bathrooms — Updated flooring can make the bathrooms more appealing to renters ↑
• Both Adding smart home features — Smart home features can increase both the home's resale and rental value by making it more convenient and energy-efficient ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

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

+1.4% since first listed

2 events — show timeline

• 2026-03-11 Price Changed $72,995 Zillow
• 2025-10-30 Listed $71,995 Zillow