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$239,900

2621 Shady Grove Lane, McKinney, TX, 75071

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,098 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$114.35 / sqft
Year BuiltBuilt in 2002

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, Disposal, Electric Range, Microwave, Electric Water Heater
FlooringCarpet, Vinyl

Building Information

Year Built2002
Stories1
Garage Spaces2

Land Information

APNR-5004-00K-0040-1
Lot Number4
SubdivisionCreek Hollow Phase 2 (Cmc)
Land UseResidential
Legal DescriptionCREEK HOLLOW PHASE 2 (CMC), BLK K, LOT 4
Census Tract030604
Assessed Land Value$100,000
Assessed Improvement Value$259,773
Assessment Year2025

About this property

Wonderfully maintained 1 story home with 4 bed, 2 bath with 2 living areas. New carpet installed July, 2019. Great location right behind McKinney North HS and super close to 75 & 380. Large bedrooms and plenty of space to spread out. Master suite is separate from the other bedrooms and master bath has dual sinks and separate shower. Range, disposal and dishwasher replaced 2014-2015. Current owner replaced the roof and AC as well since they have owned the home. Nice backyard with plenty of grass.

Investor Tools

Property Icon
$359,773
Estimated Property Value
$0Estimated Mortgage Balance
$91,617Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,159 /month
Positive
Cash Flow Estimate:
$720 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$551/month
$51/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,819
$359,773
2025
$100,000
$259,773
$359,773
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,819
$359,773

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Gateway First Bank
Conventional
$292,000
No
First
Jan 26, 2022
Feb 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$268,156
$91,617
25%
75%
$1,751/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,520/mo
$1,802/mo
+$1,718/mo
11.7%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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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2621 Shady Grove Lane | Property Details | No Agent List