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$469,125

NAL Estimated Property Value

205 Mount Olive Ave, McKinney, TX, 75072

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,672 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1.44 / sqft
Year BuiltBuilt in 2016

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
AppliancesDishwasher, Disposal
FlooringCeramic Tile

Building Information

Year Built2016
Stories1
Garage Spaces2

Land Information

APNR-10987-00K-0350-1
Lot Number35
SubdivisionValor Pointe - The Reserve At Westridge
Land UseResidential
Legal DescriptionVALOR POINTE - THE RESERVE AT WESTRIDGE PHASE 16 ( CMC), BLK K, LOT 35
Census Tract030537
Assessed Land Value$140,000
Assessed Improvement Value$329,125
Assessment Year2025

About this property

Ideal Family Home in Prosper ISD! Embrace luxury in this 1,672 sqft haven, showcasing an open concept design, 3 bedrooms, 2 baths, and an amazing backyard with a large, covered patio. Exceptionally located with an elementary school within walking distance and both middle and high schools just across the street. Part of the prestigious Prosper ISD, this home offers unparalleled convenience for your family's educational needs. Enjoy community pool access for relaxation. A perfect blend of comfort, elegance, and practicality! For a Video tour of the property search youtube for: 205 Mount Olive Ave, McKinney, TX, Prosper ISD!

Investor Tools

Property Icon
$469,125
Estimated Property Value
$207,937Estimated Mortgage Balance
$261,188Estimated Equity
55% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,815 /month
Positive
Cash Flow Estimate:
$938 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$696/month
$350/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,008
$469,125
2025
$140,000
$329,125
$469,125
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,008
$469,125

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Better Mortgage Corporation
Conventional
$226,850
No
First
Dec 21, 2021
Jan 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$207,937
$261,188
55%
44%
$1,361/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,320/mo
$1,711/mo
+$609/mo
5.9%

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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205 Mount Olive Ave | Property Details | No Agent List