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$557,000

2940 Cedar Ridge Drive, McKinney, TX, 75072

$724,100 ARVInfo
Off MarketInfo
Beds5 Beds
Baths5 Bath
Baths4,453 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$125.08 / sqft
Year BuiltBuilt in 1998

Property Lead Type:

Off-Market ListARV FlipHigh Equity

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 3.5Bathrooms Full 3.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Gas Range, Microwave, Plumbed For Ice Maker, Vented Exhaust Fan
FlooringCarpet, Ceramic Tile, Wood

Exterior

Exterior FeaturesRain Gutters

Building Information

Year Built1998
Stories2
Roof Type105
Garage Spaces2

Land Information

APNR-3300-00A-0180-1
Lot Number18
SubdivisionReserve At Eldorado (Cmc)
Land UseResidential
Legal DescriptionRESERVE AT ELDORADO (CMC), BLK A, LOT 18
Census Tract030607
Assessed Land Value$390,000
Assessed Improvement Value$692,731
Assessment Year2025

About this property

Amazing opportunity! Spacious 5 bed 4.5 bath in GATED community feeds to VALLEY CREEK ELEM! Located on corner .79ac lot backs to grnbelt & creek. Oversized rms w lots of storage. Kitchn w Ital glass bksplsh equipped w newer SS appls, gas range w powerful vent, bi oven & micro, generous WI pantry & island. Brkfst bar open to huge brkfst nook & LR all backing to gorgeous bkyd & cvrd patio. Form LR, DR & study w fr doors & bi shelving on main lvl w HUGE mstr retreat. Mstr w wood floor, FP, sep tub & shower, dual sinks & WI closet. Gamrm up splits 2 pairs of bedrms w J&J bath & 2 ensuite baths, all w WI closets. Spacious attic access off bed5! This home has SO many wonderful features at a price to make it your own!

Investor Tools

Property Icon
$1,082,731
Estimated Property Value
$0Estimated Mortgage Balance
$636,575Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$724,100
Rent-to-Value Ratio: 0.72%
Rent Estimate
$6,496 /month
Positive
Cash Flow Estimate:
$2,165 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,638/month
$1,135/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$14,238
$1,082,731
2025
$390,000
$692,731
$1,082,731
No

Tax History

Year
Tax Paid
Assessed Value
2024
$14,238
$1,082,731

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Aspire Bank
Conventional
$499,150
No
First
Nov 19, 2020
Dec 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$446,156
$636,575
58%
41%
$2,993/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,020/mo
$4,128/mo
$-1,108/mo
3.3%

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.

Explore Texas Explore This Area
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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