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$428,000

NAL Estimated Property Value

2808 Drake Ct, McKinney, TX, 75072

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,284 Sq Ft
price_per_sqft$126.53 / sqft
Year BuiltBuilt in 1999

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
AppliancesDishwasher, Electric Oven, Microwave, Gas Water Heater
FlooringCarpet

Building Information

Year Built1999
Stories1
Garage Spaces2

Land Information

APNR-4139-00A-0380-1
Lot Number38
SubdivisionLive Oak Village Phase 1 (Cmc)
Land UseResidential
Legal DescriptionLIVE OAK VILLAGE PHASE 1 (CMC), BLK A, LOT 38
Census Tract030531
Assessed Land Value$110,000
Assessed Improvement Value$300,166
Assessment Year2025

About this property

Perfect opportunity for a first time buyer or investor in a great area within a few minutes from amenities and shopping. Open floor plan with oversized rooms with plenty of room for storage. Spacious living area and kitchen with living rooms both in the front and rear of the home. Great starter home or investment. Roof replaced in 2018.

Investor Tools

Property Icon
$428,000
Estimated Property Value
$187,035Estimated Mortgage Balance
$240,965Estimated Equity
56% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,568 /month
Positive
Cash Flow Estimate:
$856 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$866/month
$1,400/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,254
$410,166
2025
$110,000
$300,166
$410,166
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,254
$410,166

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Fairway Independent Mortgage Corp
Conventional
$209,250
No
First
Nov 30, 2020
Dec 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$187,035
$240,965
56%
44%
$1,255/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,020/mo
$2,655/mo
+$365/mo
8.5%

City: McKinney

2808 Drake Ct | Property Details | No Agent List