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$265,000

1003 Garcia St, McKinney, TX, 75069

Off MarketInfo
Beds3 Beds
Baths1 Bath
Baths1,132 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$123.67 / sqft
Year BuiltBuilt in 1941

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 1Bathrooms 1
AppliancesNone

Building Information

Year Built1941

Land Information

APNR-0942-V02-005B-1
Lot Number5B,6B
SubdivisionSnapp-Lewis Addition (Cmc)
Land UseResidential
Legal DescriptionSNAPP-LEWIS ADDITION (CMC), BLK B, LOT 5B & 6B; UDI 2016, UNDIVIDED INTEREST 33.0000000000% UDI 2016
Census Tract030901
Assessed Land Value$29,700
Assessed Improvement Value$26,886
Assessment Year2024

About this property

CASH ONLY – INVESTOR SPECIAL – SOLD AS IS All you need is love... and a lot of renovation Bring your vision and your contractor! This property is a complete rehab opportunity and is priced accordingly. The home will require significant renovation and is being sold strictly as-is. The property is in disrepair, utilities are not active, and all parties enter at their own risk. Please bring a flashlight for showings. The value is in the location. Conveniently situated less than a mile from Historic Downtown McKinney, you'll enjoy easy access to unique shops, local restaurants, entertainment, and community events. Old Settlers Park, the public pool, and Webb Elementary are all within walking distance. TUPPS Brewery, coffee shops, bookstores, and the Municipal Building are just minutes away, making this a prime opportunity to renovate in one of McKinney's most desirable and walkable areas. No blind offers; do your own due diligence!

Investor Tools

Property Icon
$265,000
Estimated Property Value
$0Estimated Mortgage Balance
$265,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,590 /month
Positive
Cash Flow Estimate:
$530 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$366/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,073
$56,586
2024
$29,700
$26,886
$56,586
Yes (2016)

Tax History

Year
Tax Paid
Assessed Value
2023
$3,073
$56,586

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$265,000
100%
0%
$0/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: McKinney

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1003 Garcia St | Property Details | No Agent List