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$599,607

NAL Estimated Property Value

2642 Fairway Ridge Dr, McKinney, TX, 75072

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,700 Sq Ft
price_per_sqft$194.42 / sqft
Year BuiltBuilt in 1993

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2.5Bathrooms Full 2.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Microwave, Refrigerator
FlooringCeramic Tile, Wood

Building Information

Year Built1993
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR-2707-00B-0340-1
Lot Number34
SubdivisionSunset Ridge Phase Iii-A (Cmc)
Land UseResidential
Legal DescriptionSUNSET RIDGE PHASE III-A (CMC), BLK B, LOT 34
Census Tract030607
Assessed Land Value$175,000
Assessed Improvement Value$424,607
Assessment Year2025

About this property

McKinney-Eldorado Area Gem! Constructed by Goodman Builders, this one-owner, 4 bedroom single story home is 'right-sized'. Large enough for entertaining and hosting overnight guests; small enough to have 2 roomy living spaces and dare we say 'reasonable taxes'. A combination of hardwood and tile make for a 'zero-carpet' kid-pet-allergy friendly home. Owners suite features three: yes 3 (!) large closets and a huge recently updated bath with separate vanities. Kitchen has two areas for casual dining. Petite backyard is low-maintenance and with an turf-type practice putting green! Pop on the outdoor TV, grab a beverage from the covered patio bar and challenge friends and family to a putting contest! Attic has a radiant barrier and additional ventilation for cooler temps and lower energy bills. Close proximity (walk or bike!) to award winning Valley Creek Elementary School. Various memberships are available to Eldorado Country Club: golf, tennis, pool, dining.

Investor Tools

Property Icon
$599,607
Estimated Property Value
$484,266Estimated Mortgage Balance
$115,341Estimated Equity
19% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,598 /month
Positive
Cash Flow Estimate:
$1,199 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$455/month
$345/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,466
$599,607
2025
$175,000
$424,607
$599,607
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,466
$599,607

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Prime Lending Inc
Unknown
$65,000
No
First
N/A
Nov 2016

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$484,266
$115,341
19%
81%
$2,934/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,020/mo
$3,279/mo
$-259/mo
6.0%

City: McKinney

2642 Fairway Ridge Dr | Property Details | No Agent List