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$376,867

NAL Estimated Property Value

2224 Spencer Pl, McKinney, TX, 75071

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,522 Sq Ft
price_per_sqft$160.97 / sqft
Year BuiltBuilt in 2009

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Range, Microwave, Plumbed For Ice Maker
FlooringCarpet, Ceramic Tile

Exterior

Exterior FeaturesFire Pit, Rain Gutters

Building Information

Year Built2009
Stories1
Garage Spaces2

Land Information

APNR-9212-00B-0010-1
Lot Number1
SubdivisionWaterside (Cmc)
Land UseResidential
Legal DescriptionWATERSIDE (CMC), BLK B, LOT 1
Census Tract030301
Assessed Land Value$125,000
Assessed Improvement Value$251,867
Assessment Year2025

About this property

Great investment opportunity in McKinney in walking distance to Baylor Scott White Hospital. This cozy, well maintained home is in the sought after Prosper ISD. It sits on an over-sized corner lot of a cul-de-sac and has a great outdoor living area with a covered patio and firepit. Wood-look tile throughout living, dining and kitchen areas. It is wired for surround sound, has plenty of closet space, and is a quick drive to 380, I-75, DNT, and Sam Rayburn Tollway. This home is a MUST SEE! A perfect starter home! Buyer or buyer's agent to verify all info, data, measurements, schools, etc.

Investor Tools

Property Icon
$376,867
Estimated Property Value
$208,496Estimated Mortgage Balance
$168,371Estimated Equity
44% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,261 /month
Positive
Cash Flow Estimate:
$754 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$568/month
$178/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,930
$376,867
2025
$125,000
$251,867
$376,867
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,930
$376,867

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Independent Bank
Conventional
$238,620
No
First
Dec 30, 2019
Jan 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$208,496
$168,371
44%
55%
$1,431/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,700/mo
$1,609/mo
+$1,091/mo
8.6%

City: McKinney

2224 Spencer Pl | Property Details | No Agent List