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For sale by owner
  • $259,900

    123 Wind Cove Ln, Princeton, TX 75407

    --beds
    --baths
    6,050Square Feet
    : 
    $1,905/mo
    Get pre-qualified
    VacantLand
    Built in 2025
    6,050 Square Feet Lot
    $-- Zestimate®
    $--/sqft
    $42/mo HOA

    Overview

    Turnkey Investment Opportunity – Tenant in Place We are MidSouth Home Buyers, a professional property management company serving the Memphis, Dallas, and Little Rock markets. This property is being offered as a turnkey investment with a tenant already in place, currently paying $1,950 per month. The asking price reflects the understanding that MidSouth Home Buyers will continue managing the property after closing, providing the new owner with a truly hands-off investment experience. Our experienced management team will continue handling rent collection, maintenance coordination, tenant communication, and day-to-day property management so you can begin generating passive rental income from day one. You can email me at jacobhorn@midsouthbestrentals.com or call/text me at 901-563-4485.
    What the owner loves about this home
    Turnkey Investment Property | $1,950 Monthly Rent | Professionally Managed by MidSouth Home Buyers This turnkey rental offers investors $1,950/month ($23,400 annually) in scheduled gross rental income with professional management through MidSouth Home Buyers, an experienced real estate and property management company with a large portfolio of rental homes. The property has been extensively upgraded to minimize maintenance and capital expenses, including: ? New architectural 30-year shingle roof ? New Jeld-Wen vinyl windows ? New Ruud 2.5-ton HVAC with 10-year warranty ? New AO Smith 40-gallon water heater ? Freeze-proof PEX plumbing ? Siemens all-weather electrical panel ? New interior paint, flooring, lighting and ceiling fans ? Cordless blinds and easy-rekey Kwikset hardware The updated kitchen features quality cabinetry with crown molding, hard-surface countertops, deep stainless-steel double-bowl sink, island, and stainless-steel appliances. Bathrooms include granite vanity tops and updated fixtures. The primary suite offers a large shower and walk-in closet, while the impressive 11-foot vaulted living room ceiling adds tenant appeal. Outside, the home features a fully fenced yard, new landscaping, Bermuda grass, and premium black mulch. Investor Advantages • $23,400 scheduled annual rent • Turnkey, rent-ready condition • Major systems recently replaced/upgraded • Manufacturer and transferable warranties on key components • Professional property management available through MidSouth Home Buyers • Reduced maintenance and capital-improvement concerns • Strong tenant appeal and long-term rental potential This property offers the combination investors look for: income, quality improvements, professional management, and a more hands-off ownership experience.
    19 days
    131
    4
    Listed by:

    Property Owner (901) 563-4485

    This property is for sale by owner and Zillow, Inc. is displaying it at the owner's request. It is not subject to a listing agreement with Zillow, Inc. or its affiliates.

      Facts & features

      Property

      Lot
      • Size: 6,050 Square Feet
      Details
      • Parcel number: R1284800A02801

      Community & HOA

      HOA
      • Has HOA: Yes
      • HOA fee: $42 monthly
      Location
      • Region: Princeton

      Financial & listing details

      • Tax assessed value: $50,400
      • Annual tax amount: $725
      • Date on market: 8/11/2026

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $1,675/mo

        Price history

        DateEventPrice
        8/11/2026Listed for sale$259,900
        Source: Owner Report a problem
        1/18/2026Listing removed$1,950
        Source: Zillow Rentals Report a problem
        11/18/2025Listed for rent$1,950
        Source: Zillow Rentals Report a problem
        11/12/2025Listing removed$1,950
        Source: Zillow Rentals Report a problem
        11/3/2025Listed for rent$1,950
        Source: Zillow Rentals Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$725 -3.2%$50,400
        2024$749 +1.5%$50,400 +1.6%
        2023$738 $49,600
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: 75407

        Getting around

        1 / 100
        Car-Dependent
        25 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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