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$350,000

2213 Preston Ln, McKinney, TX, 75071

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,302 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1.5 / sqft
Year BuiltBuilt in 2006

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Electric Range, Microwave, Plumbed For Ice Maker, Vented Exhaust Fan

Building Information

Year Built2006
Stories1
Garage Spaces2

Land Information

APNR-9212-00D-0150-1
Lot Number15
SubdivisionWaterside (Cmc)
Land UseResidential
Legal DescriptionWATERSIDE (CMC), BLK D, LOT 15
Census Tract030301
Assessed Land Value$118,750
Assessed Improvement Value$215,077
Assessment Year2025

About this property

Prime location with farmhouse touches! Large covered front porch. A shiplap accent wall in entry, 3 split bedroom floor plan. The kitchen has SS appliances, bay window nook dining area and breakfast bar. Open living concept, living room features wood burning FP updated with shiplap and rustic mantle. Secondary bedrooms share updated full bath with shiplap, a new vessel sink vanity and navy cabinets. Laundry includes rustic open shelving. Energy eff. windows. Pets case by case. $250.00 pet deposit and $100.00 non refundable pet processing fee per pet. $200.00 lease coordination fee due at lease signing.

Investor Tools

Property Icon
$350,000
Estimated Property Value
$264,750Estimated Mortgage Balance
$106,417Estimated Equity
24% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,100 /month
Positive
Cash Flow Estimate:
$700 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$613/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,600
$333,827
2025
$118,750
$215,077
$333,827
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,600
$333,827

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Provident Funding Associates Lp
Conventional
$264,750
No
First
Feb 28, 2022
Mar 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$243,583
$106,417
30%
70%
$1,588/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,700/mo
$1,588/mo
+$1,112/mo
9.3%

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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2213 Preston Ln | Property Details | No Agent List