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$524,790

12404 Hitch Rack Way, McKinney, TX, 75071

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,124 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$216.57 / sqft
Year BuiltBuilt in 2016

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2.5Bathrooms Full 2.5
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Microwave
FlooringCeramic Tile, Simulated Wood, Wood

Exterior

Lot Size5,650 sqft

Building Information

Year Built2016
Stories1
Garage Spaces2

Land Information

APNR-10837-00M-0190-1
Lot Number19
SubdivisionParcel 1704 Phase 3 (Cmc)
Land UseResidential
Legal DescriptionPARCEL 1704 PHASE 3 (CMC), BLK M, LOT 19
Census Tract030524
Assessed Land Value$150,000
Assessed Improvement Value$374,790
Assessment Year2025

About this property

Location! Quiet, non-through street within walking distance to highly rated Prosper Elem, Middle and High School! Ideal floorplan features four bedrooms in split configuration. Living area is open and inviting, modern look lighter hardwood floors meet you at the entry and continue through all living spaces. Study features pretty and functional built-ins and glass french doors. Kitchen is well-appointed with modern white cabinets, granite countertops, gas cooktop and large island - perfect for entertaining! The primary suite is private, situated in the rear of the home with en-suite bath featuring dual vanity, deep soaking tub, separate shower and large walk-in closet. Covered patio is a great space. Prestwyck is a wonderful community with community pool, basketball courts, pavillion and miles of walking trails. Also located within the community is a park with playground, zip lines and splash pad.

Investor Tools

Property Icon
$524,790
Estimated Property Value
$217,500Estimated Mortgage Balance
$330,381Estimated Equity
59% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,149 /month
Positive
Cash Flow Estimate:
$1,050 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$770/month
$186/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,621
$524,790
2025
$150,000
$374,790
$524,790
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,621
$524,790

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Megamerica Mortgage Group Inc
Conventional
$217,500
No
First
Jan 28, 2021
Mar 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$194,798
$329,992
62%
37%
$1,305/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,520/mo
$1,491/mo
+$2,029/mo
8.0%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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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12404 Hitch Rack Way | Property Details | No Agent List