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$573,000

NAL Estimated Property Value

1109 Summer Lane, McKinney, TX, 75071

Off MarketInfo
Beds4 Beds
Baths4 Bath
Baths3,087 Sq Ft
price_per_sqft$210.53 / sqft
Year BuiltBuilt in 2018

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3.5Bathrooms Full 3.5
AppliancesBuilt-In Gas Range, Dishwasher, Disposal, Gas Oven, Convection Oven, Plumbed For Ice Maker, Refrigerator, Vented Exhaust Fan
FlooringCarpet, Ceramic Tile, Wood

Exterior

Private PoolPrivate Pool
Lot Size5,857 sqft

Building Information

Year Built2017
Stories2
Garage Spaces2

Land Information

APNR-11124-00G-0150-1
Lot Number15
SubdivisionWillow Wood Phase 1 (Cmc)
Land UseResidential
Legal DescriptionWILLOW WOOD PHASE 1 (CMC), BLK G, LOT 15
Census Tract030201
Assessed Land Value$150,000
Assessed Improvement Value$421,940
Assessment Year2025

About this property

Showings to start Tuesday, April 5th at Noon. At just under 3100 sq feet, this home has 4 bedrooms, 3 and a half baths, game room, dining room, media room, and study. This is the Chesmar Wimberly and is looks almost identical to the model. No carpet downstairs anywhere, just tile and wood. Upgraded quartz kitchen countertops, gourmet kitchen appliances, cat-6 internet, 5.1 dolby surround sound speakers installed in living and media room and upgraded carpet upstairs. One side of the house has artificial turf. The other side is all concrete. Out back, there is a large extension of the patio which is great for parties! Convenient access to highway 5 and only 8 minutes to downtown McKinney.

Investor Tools

Property Icon
$573,000
Estimated Property Value
$570,393Estimated Mortgage Balance
$2,607Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,899 /month
Positive
Cash Flow Estimate:
$1,300 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,037/month
$166/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,579
$571,940
2025
$150,000
$421,940
$571,940
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,579
$571,940

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
North American Savings Bank Fsb
Conventional
$616,550
No
First
May 20, 2022
Jun 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$570,393
$2,607
0%
100%
$3,697/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,520/mo
$3,863/mo
$-343/mo
7.4%

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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