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$479,659

1305 Shenandoah Dr, McKinney, TX, 75071

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,004 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1.3 / sqft
Year BuiltBuilt in 2011

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
AppliancesDishwasher, Disposal, Electric Cooktop, Microwave, Double Oven

Exterior

Private PoolPrivate Pool

Building Information

Year Built2011
Stories1
Garage Spaces2

Land Information

APNR-8504-00N-0580-1
Lot Number58
SubdivisionRidgecrest - Phase I (Cmc)
Land UseResidential
Legal DescriptionRIDGECREST - PHASE I (CMC), BLK N, LOT 58
Census Tract030547
Assessed Land Value$160,000
Assessed Improvement Value$319,659
Assessment Year2025

About this property

Picture perfect home with plenty of curb appeal. Well maintained property has all the bells and whistles! Dream kitchen features: large island, breakfast bar, warm wood cabinets accented, granite countertops, tiled backsplash, and stainless steel appliances. Kitchen opens to living room with cozy corner wood burning fireplace. Master suite boasts separate vanities, granite countertops, soaking tub with separate shower. Soaring ceilings, arched entries, hand-scraped hardwoods with plush carpeted spacious bedrooms and much more! Pets case by case. 250.00 pet deposit plus 100.00 non refundable pet fee per pet.**200.00 lease coordination fee due at lease signing.

Investor Tools

Property Icon
$479,659
Estimated Property Value
$163,800Estimated Mortgage Balance
$351,669Estimated Equity
66% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,878 /month
Positive
Cash Flow Estimate:
$959 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$981/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,369
$479,659
2025
$160,000
$319,659
$479,659
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,369
$479,659

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
American Financial Resources Inc
Conventional
$163,800
No
First
Feb 11, 2016
Mar 2046

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$127,990
$351,669
73%
27%
$983/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,700/mo
$983/mo
+$1,717/mo
6.8%

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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1305 Shenandoah Dr | Property Details | No Agent List