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$371,467

NAL Estimated Property Value

2304 summit Drive, McKinney, TX, 75071

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,113 Sq Ft
price_per_sqft$127.78 / sqft
Year BuiltBuilt in 1993

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Range, Microwave
FlooringLaminate

Building Information

Year Built1993
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR-2021-009-0020-1
Lot Number2
SubdivisionHigh Pointe Addition (Cmc)
Land UseResidential
Legal DescriptionHIGH POINTE ADDITION (CMC), BLK 9, LOT 2
Census Tract030605
Assessed Land Value$100,000
Assessed Improvement Value$271,467
Assessment Year2025

About this property

Great McKinney location very close to hwy 75 and schools. Such a listing is very rare. Beautifully maintained with many updates. Open concept kitchen, living area and formal dining. Gorgeous main suite. Buyer can keep all the furniture for the free if needed (see exclusions). No HOA. *Showing temporary off until Sun July 12 4pm.

Investor Tools

Property Icon
$371,467
Estimated Property Value
$240,765Estimated Mortgage Balance
$130,702Estimated Equity
35% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,229 /month
Positive
Cash Flow Estimate:
$743 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$531/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,520
$371,467
2025
$100,000
$271,467
$371,467
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,520
$371,467

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Nations Reliable Lending Llc
Fha
$271,000
Yes
First
Aug 24, 2020
Sep 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$240,765
$130,702
35%
65%
$1,625/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,700/mo
$1,625/mo
+$1,075/mo
8.7%

City: McKinney

2304 summit Drive | Property Details | No Agent List