Selected for the Terner Labs Housing Venture Lab

904 Parkplace Ridge, Princeton, TX 75407

Active
Listed 41 days ago
Owner-Occupant Eligible
$499,000

About $1,964 a month to live here, after the rent from the other home.

Duplex3,176 sqft8 beds6 bathsListed Oct 2, 2026

A duplex. Live in one home and rent out the other. How it works

Live here for about

$1,964a month

The other home rents for $1,700. We hold back $255 of that for repairs and an empty month, and the rest goes toward a $3,409 monthly payment.

Income to qualify: about $80,000 a year

With how much down?

At 20% down ($99,800) and 5.6%, 30-year fixed. Your rate and down payment change this.

Get rich slow: keep this loan ten years and the payments pay off about $69,000 of it. See the ten-year math

See which homes fit your numbers
How we work this out

The cost to live here is the loan payment, taxes, insurance and any dues, less the rent, with a little held back for repairs and an empty month. Income to qualify uses a 43% debt-to-income limit, counts 75% of the rent, and none of your other debts.

$17,465 minimum down payment. The cost above is at 20% down, and at the minimum it is higher. Set your own

ABOUT THIS HOME

Excellent investment opportunity in Princeton, TX! This duplex offers a total of 8 bedrooms, 4 full bathrooms and 2 half bathrooms, with each unit featuring 4 bedrooms, 2 full baths, 1 half bath and an attached garage. Unit 904 is currently tenant occupied at $1,800 per month. Unit 906 is also listed for lease at $1,700 per month, with active marketing underway to secure a tenant. Once both units are leased at these rates, the property would generate $3,500 in monthly gross rental income, or $42,000 annually. Property features spacious floor plans, tile flooring throughout the main living areas, updated flooring upstairs, kitchens with ample cabinetry and counter space, and generous living spaces. Located in an established Princeton neighborhood with a neighborhood park and NO HOA, NO MUD and NO PID. Convenient access to local schools, shopping and major roadways. A great opportunity for an investor seeking a multifamily property with existing rental income and additional income potential. Please do not disturb tenants. Showings by appointment only. Buyer and buyer’s agent to verify all information, measurements, schools, leases, occupancy status and rental information.

Duplex

Property Type

6,098 sqft

Lot Size

2010

Year Built

Listing Date: 10/02/2026

Listed by: Arturo Rodriguez

Listing office: Real Broker, LLC

Source: NTREIS #21402164

Series Homes is committed to full compliance with the Fair Housing Act and the Equal Credit Opportunity Act.

CHOOSE YOUR UNIT

Tap the one you would live in. The rest pay rent, and that rent comes off your monthly cost.

If someone lives in the unit you want, or a lease comes with the home, ask how moving in works on this one.

CHECK OUR MATHEvery line of the monthly cost is in here. Change the price or the down payment and watch it move.

OFFER PRICE

Change your offer and watch the monthly cost move.

Purchase Price

-15%
$499,000

List Price

+15%

FINANCIALS

How much do you want to put down?

Purchase price$499,000
Your Down Payment$99,800
Financed$399,200
Estimated Monthly Payment$3,409

Before rent: principal and interest at 5.6% on a 30-year fixed loan, taxes, insurance and any HOA dues. Your rate and down payment change this.

MONTHLY BREAKDOWN

Estimate at 20% down ($99,800) and 5.6%, 30-year fixed. Your rate and down payment change this.

Current Rent
Estimated Monthly Payment (Before Rental Income)
$3,409/month
Principal + Interest
$2,292
Property Taxes
$599
Home Insurance
$518
Rental Income (1 Unit)
$1,700/month

From the listing description.

Rental Expenses
-$255
Cost to live here
$1,964/month

Payment estimates shown by Series are illustrative only. Final loan terms, monthly payments, and eligibility will be determined by your mortgage loan originator.

BEFORE YOU OFFER

Now run it on your paycheck.

This page is priced at one down payment and one rate. Send the address and we run it at yours: what you would pay each month after rent, and which loan works on this home.

Free. No credit pull.

NTREIS logo

MLS# 21402164 · Listing office: Real Broker, LLC

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the NTREIS Multiple Listing Service. Real estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers.