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$338,661

NAL Estimated Property Value

2208 Spencer Place, McKinney, TX, 75071

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,280 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$171.09 / sqft
Year BuiltBuilt in 2007

Property Lead Type:

BankruptcyOff-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Range, Microwave, Plumbed For Ice Maker
FlooringCarpet, Laminate, Vinyl, Wood

Exterior

Exterior FeaturesRain Gutters

Building Information

Year Built2007
Stories1
Garage Spaces2

Land Information

APNR-9212-00B-0050-1
Lot Number5
SubdivisionWaterside (Cmc)
Land UseResidential
Legal DescriptionWATERSIDE (CMC), BLK B, LOT 5
Census Tract030301
Assessed Land Value$131,250
Assessed Improvement Value$207,411
Assessment Year2025

About this property

Fantastic 1-story updated brick home in prime area close to Hwy 380 & Baylor Medical Ctr, sought after Prosper schools, quiet neighborhood & cul-de-sac across from greenbelt. New wind-hail resistant roof & gutters in 2018, electronic door lock, new storm door, newly painted interior walls, new flooring just installed. All faucets replaced, Wi-Fi capable NEST thermostat. Eat-in kitchen w-brkfst, tiled backsplash & less than 2-yr old stainless steel appliances. Kitchen open to cozy living area with high ceilings and wood burning fireplace & ledge cut-out for art deco. Kitchen fridge, outdoor utility storage box, dog kennel, work bench & tool box in garage, firewood metal rack can all stay with acceptable offer.

Investor Tools

Property Icon
$338,661
Estimated Property Value
$180,966Estimated Mortgage Balance
$157,695Estimated Equity
46% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,032 /month
Positive
Cash Flow Estimate:
$677 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$505/month
$172/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,368
$338,661
2025
$131,250
$207,411
$338,661
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,368
$338,661

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Town Square Mortgage & Investments Inc
Conventional
$208,000
No
First
Oct 15, 2019
Nov 2049

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$180,966
$157,695
46%
53%
$1,248/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,700/mo
$1,420/mo
+$1,280/mo
9.6%

Learn About the Market: Opportunity in Texas

Local Market Pages
Local Market Pages 2Local Market Pages 3Local Market Pages 4

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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2208 Spencer Place | Property Details | No Agent List