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$531,000

NAL Estimated Property Value

1991 County Road 1029, McKinney, TX, 75071

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,115 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$267.14 / sqft
Year BuiltBuilt in 1920

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling
AppliancesBuilt-In Gas Range, Dishwasher, Electric Cooktop, Microwave
FlooringBrick, Tile, Wood

Exterior

Exterior FeaturesCourtyard, Fire Pit, Rain Gutters, Storage, Uncovered Courtyard
Lot Size1.06 acres

Building Information

Year Built1920
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR-6851-000-0390-1
Lot Number39
SubdivisionPhillip Smith Survey
Land UseResidential
Legal DescriptionABS A0851 PHILLIP SMITH SURVEY, TRACT 39, 1.062 ACRES
Census Tract030201
Assessed Land Value$84,960
Assessed Improvement Value$422,716
Assessment Year2025

About this property

You won't want to miss this charming 3 bed, 2 bath country home built in 1920 on over an acre! The home has been completely updated with a modern farmhouse feel. Updates in the kitchen include new cabinets, quartz countertops, open shelving, large island, herringbone brick flooring, new paint and lighting. Both bathrooms in the main home have been renovated to feel bright and airy with new tile and shiplap. Natural light is abundant in each room of the home specifically the living room that over looks the large front porch and treed front yard. This home also features an income producing short term rental suite that is detached from the main home. This 576 sf suite includes a full kitchen, updated bathroom, and washer dryer hookups. The owners currently make roughly 24k per year with this rental property. Also included is a 30x30 spray foamed shop with a large roll up door and 15x30 covered parking for an RV or additional vehicles. Country living close to Downtown McKinney!

Investor Tools

Property Icon
$531,000
Estimated Property Value
$437,859Estimated Mortgage Balance
$93,141Estimated Equity
17% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,390 /month
Positive
Cash Flow Estimate:
$1,130 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$584/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,354
$507,676
2025
$84,960
$422,716
$507,676
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,354
$507,676

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Pennymac Loan Services Llc
Conventional
$452,000
No
First
Aug 29, 2024
Sep 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$437,859
$93,141
17%
82%
$2,710/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,700/mo
$2,710/mo
$-10/mo
6.1%

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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1991 County Road 1029 | Property Details | No Agent List